Tract Systems
Tract Systems is a cloud-based contract lifecycle management software designed to streamline the drafting, reviewing, approving and managing of contracts. It provides workflow automation, collaboration tools, audit trails and analytics.
cloudbased
contract-lifecycle-management
workflow-automation
collaboration
audit-trails
analytics
Tract Systems: Cloud-Based Contract Lifecycle Management
Streamline contract drafting, reviewing, approving & managing with Tract Systems, offering workflow automation, collaboration tools, audit trails & analytics.
What is Tract Systems?
Tract Systems is a cloud-based contract lifecycle management platform designed to help companies effectively manage the entire contract process from request through close. Key features include:
- Contract workflow automation - Set up rules-based workflows to automatically route contracts for review, approval, signatures based on contract type or other attributes.
- Collaboration tools - Annotate and comment on contract drafts in real-time, chat with stakeholders right in the platform.
- Centralized document repository - Store all contracts, templates and related documents in a secure, searchable system of record.
- Audit trails & reporting - Automatically capture detailed audit trails showing who accessed, modified or approved each contract, and leverage out-of-the-box and custom reports.
- Configurable fields & attributes - Customize fields, clauses, smart fields and attributes to align to your business processes.
- Integration capabilities - Tract's open API enables integration with your CRM, sales tools, billing systems and more.
Tract Systems aims to provide comprehensive yet flexible contract management suitable for enterprise-wide deployment or supporting specific high-volume use cases like sales contracts, NDAs or procurement agreements.
Tract Systems Features
Features
- Contract drafting
- Collaboration tools
- Workflow automation
- Audit trails
- Analytics
Pricing
- Subscription-Based
Pros
Streamlines contract management
Improves collaboration
Provides visibility into contract processes
Enables easy search and reporting
Cons
Can be complex for non-technical users
Integration with other systems may require customization
Upfront setup and training investment required
Official Links
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