TekStream Solutions announces the release of its newest Process Lifecycle Suite module, Contract-it.
ATLANTA, GA, October 18, 2017 /24-7PressRelease/ — Atlanta-based technology company, TekStream Solutions, is excited to announce the release of Contract-it, a new module for TekStream’s Process Lifecycle Suite built on Oracle’s Platform as a Service. Process Lifecycle Suite is a framework of accelerators enabling companies to quickly configure and deploy Cloud-based solutions to common business issues. Joining the ranks of TekStream’s other Process Lifecycle Suite modules such as Procure-it and Template-it, Contract-it will allow organizations to quickly deploy contract management processes, complete with e-Signature capabilities, on Oracle’s Cloud technologies.
“TekStream and our team of solution specialist have been solving business problems for over twenty years and we have baked that experience and knowledge into our Process Lifecycle Suite accelerators. Contract-it focuses on allowing companies to initiate, track, collaborate, and finalize their contract management process flows,” says Troy Allen, Vice President of Emerging Technologies and Solutions. Contract-it focuses on helping companies to transform their contract management processes by reducing cost, digitizing manual processes, and mitigating risk. Other key benefits of contract management include:
– improving external interactions and communications
– improving legal resource management
– increasing the level of engagement with other departments within the organization
Many companies can experience an increase of 60% faster contract cycles and up to 40% savings in administrative costs by deploying a well-rounded contract management system. Contract-it enables companies to not only collect on these kinds of financial savings, but can also increase their contract negotiations by upwards of 50%.
Contract-it enables Legal departments to engage with other lines of business including Sales, Procurement, and Executives to ensure that all legal contracting procedures are well documented and followed in accordance with company policies. Rob Jansen, CEO of TekStream Solutions, says, “TekStream focuses on driving positive business transformation. The Process Lifecycle Suite and its newest Contract-it module will enable companies to fundamentally transform how they conduct business. The speed and accuracy by which legal documents and contracts are created, processed, and executed are vital to the health of any organization.” TekStream has released a replay of its TekTalk, Contract-it: Process Lifecycle for Contracts, can be found here.
TekStream Solutions is an Atlanta-based technology solutions company that specializes in addressing the company-wide IT problems faced by enterprise businesses, such as consolidating and streamlining disparate content and application delivery systems and the market challenges to create “anytime, anywhere access” to data for employees, partners, and customers. TekStream’s IT consulting solutions combined with its specialized IT recruiting expertise helps businesses increase efficiencies, streamline costs, and remain competitive in an extremely fast-changing market. For more information about TekStream Solutions, visit www.tekstream.com or email Shichen Zhang at [email protected].
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