Oracle announces Oracle Sales Contracts, a solution that helps companies gain control of their contract processes, provides visibility to contractual agreements and helps enforce compliance.
Oracle Sales Contracts allows organizations to standardize contract processes by providing standard templates, clauses and contract policy rules that can be enforced across the enterprise. Contract administrators and sales users can author contracts according to corporate standards and automatically drive compliance without the need for expensive integrations or data re-entry. Oracle Sales Contracts helps companies stay on top of all contractual obligations with automatic price and delivery enforcement and proactive management of customer performance against commitments.
“With our previous system, monitoring contract obligations, pricing, and time lines was a very manual and time consuming process,” said Program Manager of Contracts and Negotiations at Novell, Nate Carter. “Oracle Sales Contracts helps us manage contract compliance quickly and efficiently. This solution is a win-win for both our customers and for Novell.”
Oracle Sales Contracts provides global visibility into contractual obligations with a central contract repository, a single location for accessing all contractual agreements in the enterprise.
“We are excited to be an early adopter of Sales Contracts 11i10. Implementation was fast and straightforward with excellent support from Oracle,” said Vice President of Operations and Applications at IGN Entertainment, Kelly Forese. “We are now able to move our sales agreements from filing cabinets to a secure electronic library, providing better visibility and control over our contract management processes.”
“Oracle Sales Contracts is integrated into the quote-to-cash process, automating contract authoring, execution and compliance,” said Vice President of Development at Oracle, Kevin Miller. “Contract administrators can standardize contracting processes, accelerate sales cycles and ensure compliance with negotiated terms by leveraging this solution.”
As part of the Oracle E-Business Suite, Oracle Sales Contracts is integrated into Oracle’s quote-to-cash process solution and is available now.