Get full visibility on all your contracts
Manage academic contracts, monitor critical deadlines, and ensure compliance with institutional policies and regulations.
CASE STUDY
See how Denison University uses Concord to track deadlines and manage spend
“Concord has all the functionality we need, and we’re still finding even more ways in which it’s useful.”
Steve Storck
Purchasing manager for Denison University’s department of business services
30% less time spent
correcting & organizing contracts
THE CHALLENGE
Decentralized contract management across departments
Universities often struggle with contracts dispersed across various departments, leading to inefficiencies and compliance risks. Major pain points include:
- Lack of visibility into contracts
- Siloed contract data
- Imprecise planning
- Inaccurate forecasting
THE SOLUTION
Unified contract management platform for higher education
Concord centralizes all contracts, facilitating collaboration among academic departments, legal teams, and administrative offices. Benefits include:
- Visibility into all contracts
- Centralized contract data
- Precise planning
- Data-driven forecasting
THE RESULTS
Time and labor savings
-20%
less time spent searching for contract terms every day
-40%
less time negotiating sales contracts
-50%
time spent tracking down agreements
Automated processes
Contracts are managed via automated workflows, all in one intuitive platform
Manual processes
Contracts have to be managed manually, across many platforms
Full visibility into contracts
The finance team can quickly search all contracts and get email updates
Limited visibility into contracts
The finance team lacks insight into contract amounts and other key terms
AI-powered data extraction
Agreement Intelligence extracts all contract terms automatically
Time-consuming data collection
Forecast data has to be entered by hand, requiring hours of labor
HOW IT WORKS
AI-Powered extraction of academic contract details
Automatically capture essential information such as grant terms, research agreements, and vendor contracts, ensuring accuracy and efficiency.
Automated alerts for contract renewals and compliance deadlines
Receive timely notifications for contract renewals, accreditation deadlines, and other critical dates to maintain institutional compliance.
Track project performance with custom reports and dashboards
Generate detailed reports and visualizations to monitor contract statuses, departmental expenditures, and compliance metrics.
Unlock insights from all of your agreements.
Frequently asked
questions
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What is contract management software, and how can it benefit higher education institutions?
Contract management software streamlines the lifecycle of academic contracts, enhancing efficiency, compliance, and collaboration across university departments. -
Is Concord suitable for managing various types of academic contracts?
Yes, Concord is equipped to manage diverse academic contracts, including research agreements, vendor contracts, and partnership memorandums. -
Can Concord assist in monitoring academic contract deadlines and compliance milestones?
Absolutely. Concord enables you to set automated reminders for critical dates, ensuring timely renewals and adherence to compliance requirements.
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Is Concord’s storage truly unlimited?
Yes! Concord provides unlimited storage space for documents and attachments. You can upload contracts one by one or in bulk. -
Does Concord support e-signatures for fast contract approvals?
Yes, Concord includes built-in e-signature capabilities, allowing you to finalize contracts quickly and securely without needing additional tools. -
Is Concord capable of integrating with existing university systems, such as Student Information Systems (SIS) or Learning Management Systems (LMS)?
Yes – Concord has custom API capabilities to integrate with various systems