Finance Department Contract Management

Get complete visibility of the financial terms in every contract, so Finance reduces risk, reconciles to the contract, and reports on what the business pays and is owed.

Request a demo Explore the platform

80% faster contract management

Finance contracting

Contract management built for Finance

Finance departments face the critical business challenge of adopting best practices to minimize financial risk. It is crucial that finance has complete visibility of the contract details, right down to key terms, dates, delivery, and payments, so the team can focus on the financial health of the business. Key reports, dashboards, and contract performance information help finance stay informed and act.

Contract Logix benefits finance departments by streamlining the contract process across business functions. The Contract Intelligence Engine extracts payment terms, fee schedules, rates, and escalators as structured data, so finance can reconcile invoices and remittance to what the contract actually obligates. Complementary to your ERP: the ERP records the amounts, the contracts hold the terms. Contract Logix offers a comprehensive set of capabilities for finance and accounting departments, from line-item tracking to payment and delivery schedules to key terms, so finance operates more proactively through each step of pre- and post-execution.

↻

See the financial terms

The Contract Intelligence Engine extracts payment terms, fee schedules, rates, and escalators as structured data, with supporting documents captured alongside each agreement.

↑

Reconcile and never miss a date

Automated alerts on payment and delivery dates, plus the contracted terms as data, let Finance reconcile invoices and remittance to what the contract actually obligates.

✓

Report on contract performance

Dashboards and reporting turn contract financials into a current view of obligations, exposure, and what the business pays and is owed.

Roles in this department

Contract Logix fits the people who run Finance’s contracts every day.

Chief Financial OfficerControl the financial reality of the contract portfolio: pricing, escalators, renewals, and exposure.View the role →Accounts Receivable & PayableBill and pay to the contracted terms and find the contract behind any invoice.View the role →

Finance contract management questions, answered

How does Contract Logix help a finance department?: It turns the financial terms locked in contracts into data, so Finance reduces risk, reconciles invoices and remittance to the contract, and reports on obligations and exposure.
How does it track payment terms and fee schedules?: The Contract Intelligence Engine extracts payment terms, fee schedules, rates, and escalators as structured data, and automated alerts keep payment and delivery dates from slipping.
Does it work alongside our ERP?: Yes. Contract Logix is complementary to the ERP, not a replacement: the ERP records the amounts, and Contract Logix holds the contract terms that decide whether those amounts are dependable.

Explore Contract Logix by role or browse all departments.

See the financial terms in every contract

Get a guided walkthrough of how Contract Logix turns contract financials into data Finance can act on.

Request a demo Explore the platform

Menu

Contract Logix is a long-time leader and provider of data-driven contract lifecycle management (CLM) software. Our software empowers over 60,000 legal, procurement, finance, and sales professionals to digitally draft, negotiate, approve, execute, and manage contracts.

Hundreds of brands have partnered with us to simplify, automate, and streamline their contracting processes while minimizing risk, increasing compliance, and finalizing business faster across all phases of buy-side and sell-side contracting.