PHILADELPHIA--(BUSINESS WIRE)--Revitas, Inc., the leading provider of integrated solutions for contract, revenue, and compliance management, today announced that a global software leader in information and business process management solutions has selected the RevitasNOW™ Contract Manager™ solution for cloud-based enterprise contract lifecycle management. The cloud deployment supports the company’s aggressive acquisition strategy and allows for the integration and standardization of contract management across its expanding portfolio of business units.
RevitasNOW Contract Manager will provide this $3 billion business software leader with a new, single global system that simplifies processes, streamlines workflows, and offers a standardized framework for managing all contracts worldwide. The volume, complexity, and scope of the company’s contracts demanded a flexible and scalable platform to accommodate the company’s rapid global growth due to mergers and acquisitions, as well as international organic demand for big data analytics and insights.
The RevitasNOW Contract Manager solution provides significant visibility, control, and leverage over the entire contract lifecycle, while the cloud technology platform easily accommodates the inevitable changes to corporate structure brought on by mergers and acquisitions. The solution also provides comprehensive functionality for authoring, execution, and full lifecycle management of the company’s business agreements.
The company needed a flexible solution to support its global expansion by efficiently integrating contract management across newly acquired companies, while managing growing client demands for modern IT infrastructures that leverage leading-edge technologies in a data-driven world. The company had previously deployed Revitas® solutions, and that experience demonstrated that Revitas’s suite of products can handle large-scale deployments, allow for growth, and provide multi-division, multi-language functionalities while supporting the latest mobile technologies. RevitasNOW Contract Manager will integrate with the company’s customer relationship management (CRM) solution, enterprise resource planning (ERP) platform, and other business-critical applications so that contract data will flow seamlessly across end-to-end business processes, reducing data entry, increasing accuracy, and ensuring compliance.
“Revitas’s cloud platform proved to be particularly important to this client because it provides a highly effective way to meet their growth objectives, while delivering functionality down to the business unit level,” said Brian Madocks, CEO and President of Revitas. “As major corporations seek growth opportunities, mergers and acquisitions are becoming more and more common in a range of industries, including High Tech. But managing contracts across systems, silos, business units, and corporate structures poses a difficult challenge. RevitasNOW Contract Manager overcomes these challenges by providing functionality at every level of the enterprise so that contract terms and conditions can be captured, managed, and transformed into business drivers that optimize revenue.”
Integral to the deployment is the role of Revitas University, which provides online, on-demand, and self-paced training for the specific roles of contracting professionals, including legal, procurement, finance, IT, sales, and business development, improving productivity and operational efficiency. The flexible and modular format provides access to a robust variety of content, reference, and training materials anytime, anywhere. Customization of the program will allow the company to include its own branding, content, and supporting materials.
For more information about the RevitasNOW Contract Manager solution, visit the Revitas website.
Revitas accelerates revenue by delivering comprehensive, integrated solutions for contract, revenue, and compliance management. Revitas enables channel-driven companies to create, execute, and manage complex contracts and incentives effectively and profitably, both on premise and in the cloud. Powered by the secure, scalable, and standards-based Flex® platform, Revitas® solutions interoperate with core business systems including CRM, CPQ, and ERP, extending the functional reach and maximizing the value of the enterprise applications ecosystem. For over 25 years, Revitas has empowered companies in world’s most challenging and highly regulated industries to boost total revenue, optimize profitability, and ensure regulatory and financial compliance. Learn more about Revitas by visiting www.revitasinc.com or http://blog.revitasinc.com/.