Hyland has released a new Contract Management Point Application within the OnBase by Hyland enterprise information platform. The packaged solution delivers a flexible contract management offering to centralize access to information and automate routing, reviews and required tasks with an accelerated implementation time frame.

"Every feature within the new OnBase Contract Management Point Application is designed to help legal, procurement and contract professionals better manage their individual contract processes – from request to execution and renewal – with little to no technical experience needed," said Scott Dwyer , vice president of product management at Hyland.  

Once a contracting process begins, users can track, comment and assign tasks throughout the contract lifecycle. Regardless of whether the contract requires a brief or multistage review process, OnBase manages the request appropriately. Each individual contract type can be set up with its own unique milestones, steps and action – helping organizations consolidate contracting processes into a single, robust toolset.

Key features include:

• A built-in clause library that allows users to quickly draft and modify contracts with pre-filled and approved clauses
• An intuitive administrative panel permitting users to monitor contract lifecycle progress and status – delivering easily modifiable process flows without needing IT support
• An integration with DocuSign and ShareBase by Hyland for secure collaboration and eSignatures with third parties
• Reporting dashboards to see real-time updates of the status of each contract
• Rapid deployment time frames and minimal service requirements to install