Simple management of contracts and agreements

Karomi Contract's flexibility makes it a great match for all kinds of groups and businesses. And while your contracts and purpose may be different, the goal remains the same: To allow you and your colleagues to easily track and organize all aspects of a contract in one place.

Legal Departments in organizations

The legal department is charged with helping organizations mitigate risk and exposure associated with their business agreements. Complex requirements including regulatory compliance can make that task time-consuming and difficult. Karomi Contracts gives legal departments the ability to perform rapid diligence on existing agreements to identify potential risks and compliance issues. The result is lower overhead and the visibility you need into your legal agreements that help you mitigate risk.

Procurement Department

• Visibility into contract information before procurement
• Keep track of contractual obligations
• Enforce contract related milestones

The results are lower business costs, improved accountability and greater value from your supplier relationships.

Accounts Department

• Enforce payment milestones as per contract
• Avail of volume and Quality related discounts as per contract

Sales Department

Negotiating complex sales agreements with multiple parties can take months, delaying vital revenue and hampering your ability to grow as a business. Karomi Contracts helps sales and business development organizations manage agreements at every stage of the sales process, from the creation of a new sales agreement through amendments, renewals or termination of signed contracts. The results are faster sales cycles, better quality sales agreements and reduced sales costs.

Intellectual Property

Karomi Contracts helps organizations gain and maintain competitive advantage by better managing their intellectual property, such as trademarks, patents and copyrights, with faster execution of IP agreements and reduced risk of infringement and penalties. As a result, your organization can negotiate better deals and make better business decisions.

Human Resource Department

Karomi Contracts helps human resources departments efficiently manage the many different types of agreements and documents they may have for employees. From employment offers, contractor agreements and consultant agreements Karomi Contracts gives you the tools you need to make your HR processes both efficient and competitive.

Healthcare

Karomi Contracts helps healthcare service providers and equipment manufacturers to manage their contracts in a single repository. Both customer and vendor contracts can be tracked and linked with existing equipment or service databases for a 360 degree view of contractual information. Revenue losses due to non-renewal of contracts or late renewal of contracts can be avoided by receiving prompt alerts from the Karomi Contract Management system.