Realyst today announced that its Contract Lifecycle Management software now has a full integration capability with all the leading enterprise application products such as those from JD Edwards, Oracle, PeopleSoft and SAP.
"Integrating Contract Lifecycle Management with ERP and CRM systems enables organisations to implement tight controls over transacting processes and to ensure transactions are in line with the appropriate contractual terms and conditions," commented Tony Maddison, Director of Realyst.
"This integration extends to ensuring contracts are maintained and remain valid during the life of the relationship. Integrated Contract Lifecycle Management ensures the correct contract approval processes are followed and the contract is activated correctly within the ERP system."
Without effective contract management, organisations potentially face huge losses of revenue through missed opportunities as well as wasted time, resources and staff needed to manually manage contractual terms and their ramifications, thus contract management can hold a highly strategic position between a company`s CRM and ERP systems.
For further information, please contact Tony Maddison: telephone (011) 463-5311, fax (011) 463 7179, e-mail tmaddison@realyst.com.
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Realyst was established in 1998 and is the leading provider of contract lifecycle management solutions in southern Africa. Realyst provides the technology solutions as well as consulting services spanning the implementation of best practice contract management methodologies and processes, education and training. Realyst offers gain share engagements designed to optimise the organisation`s contractual relationships and to deliver quantifiable savings using the Realyst processes and supporting technologies.
The services offered by Realyst include business process mapping, programme and project management, business consulting and where required, full business process outsourcing.
Realyst has developed and markets two software applications: Premises Manager and Contract Manager.
Premises Manager, launched in 1998, is a premises management system designed for the users of property and has achieved significant success in the retail sector.
Contract Manager, launched in 2002, is designed to facilitate the management of contractual relationships across the enterprise.
The Realyst user base includes several large corporate organisations including Altron, Discovery Health, Foschini, Johnnic, MultiChoice, Nike, Primedia and Woolworths.
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