| | October 20166CIOReviewAcross business domains, digitalization is swiftly taking over traditional, paper-based record-keeping systems by eliminating spreadsheets and repetitive administrative tasks. At the tip of this trending technological revolution is the enterprises' regular need for securing and gaining easy access to data in the form of contracts. To keep businesses afloat, firms are tuning into the new chapter of enterprise contract management (ECM).Be it for a sole-proprietor or a global organization with data-driven processes, ECM software available in the current market is designed to permeate into the complexities associated to the contracts and document management. Providers of systems and software that cost-effectively translate rigorous contract management cycles--contract creation, execution, re-negotiation, and due-diligence into manageable processes are also pushing the envelope. However, despite the newly attained status quo with ECM tools in hand, many organizations are struggling to ensure compliance and reduce risks.As large number of companies turn to finally recognize customization, governance, risk, and compliance to be their core reasons for moving away from advanced ECM software, a sizeable number of vendors have demonstrated the value-additions to customers' business with the adoption of their ECM solutions. Amidst the challenges and doubts cast on the functionalities of the current contract management systems, the analytics-rich, configurable, cloud-based or on premise tools are dispelling notions by aiding users' store sensitive data in remote and virtual file cabinets. These solutions, besides bestowing firms with the ability to automate iterative processes and increase business velocity are delivering complete transparency and visibility into the contracting order. This aspect alone enables businesses to look beyond the transactional approaches and derive valuable insights about the contract type, size and volume, to plan, invest, and execute efforts accordingly.Further, the highly configurable contract management tools allow companies to leverage on technology that they already posses in their organization rather than procuring new systems. They are light on the pockets and also possess capabilities such as sending auto-renewal messages for contracts that are nearing expiration dates as well as providing secure and custom reports-based access to pull out necessary data. With a goal to help companies understand the contract management landscape and address their needs through the synergy of ECM technology and streamlined contract management processes, we present an overview of the thought-leadership and ideas of the 20 most promising ECM solution providers.Let us know your thoughts.Jeevan George Managing Editoreditor@cioreview.comCopyright © 2016 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewOCTOBER - 31 - 2016Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 October - 31 - 2016, Vol 05 SE-90 Published by ValleyMedia Inc.To subscribe to CIOReviewVisit www.cioreview.com ECM SPECIALCIOReviewEditorial StaffSalesT: 510.556.2284 Kyle Summers Kathy Arnold Sarah FernandezVivian MurrayVanishree BhattLawrence Tselawrence@cioreview.comVisualizersStephen ThomasAnil KumarManaging EditorJeevan GeorgeEditorialBeyond the Traditional Record-keeping Aaron Pierce
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