Asentex Contract Review - why 5 stars?

Asentex Contract Management is a web based contract management solution for businesses of all sizes. Its main functionalities include auditing and reporting, negotiation management, approvals, and others. The software was designed and launched by Asentex Inc headquartered in California, United States.

The rating of Asentex Contract is 5 stars out of 5 and the total score is 80 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Customers of the software include businesses of all sizes and types. It has found deployment in such major industries as banking and finance, engineering services, retail and wholesale, education, healthcare and hospitality, non-profit organizations, energy, defense and aerospace, and others.

Asentex Contract is ranked 12 out of 35 software in their category (Contract Management systems).

The software offers automation of contract management through the various stages of its lifecycle. Negotiation process and contract management is streamlined through effective workflow management. The system can be customized keeping in view specific business needs. The software also offers integration with Microsoft Word for easy editing and tracking of contract changes. Constant monitoring is offered for contract terms and expired contracts.

With Asentex Contract Management, contracts can be reviewed and approved on the go from mobile devices. Other important capabilities of the software include completion tracking, compliance management, contract drafting, contract templates, digital signatures, milestone tracking, specialty contracts, and version control. Support is offered in the form of request forms and phone calls.

Ascentex Contract Management has two main competitors and these are Novatus Contract Management and Emptoris Contract Management.

Novatus Contract Management covers the management of contracts from definition, to negotiation and finally execution. It includes a library of contract templates for easy use, as well as creates a central repository for all contract related information which can be accessed via data analytic tools for in-depth reviews. There is support for proactive email & mobile alerts to advice on upcoming contractual dates, as well as an online portal to aid in contract negotiation and electronic acceptance as well.

In comparison Ascentex Contract Management is a workflow based system which can be easily customized to match the business & contract needs of a company. It also includes a risk mitigation module that analyzes all active contracts to advise on terms & dates requiring proactive action to minimize any contractual breaches.

Emptoris Contract Management on the other hand provides two specialized modules to handle first procurement contracts and secondly sales contracts. It supports compliance procedures, documents legal requirements, and monitors contractual performance to flag any non compliance issues which need to be addressed. Additionally the product documents contract renegotiations and updates terms automatically where required.

Ascentex Contract Management unifies all contract requirements in one module unlike Emptoris Contract Management. Additionally it supports a variety of document capture methods that include scanning, optical character & mark recognition and barcodes to ensure digitization of all contractual documents for easy access and analysis whenever required.

Schedule a demo with Asentex Contract and access 65 must ask questions for the vendor while watching Asentex Contract in action. Visit the vendor's website here.