No matter how innovative and forward-thinking your software architecture, the legal contract is still at the heart of most media-centric business processes. However, the need for physical documents and the flexibility such documents require should not be a barrier to successfully applying technology to the process of contract management. By integrating contract management (from talent acquisition to licensing and distribution) into your Business Rights Management (BRM) application group, your organization can have control and visibility over the entire asset management workflow.
By capturing deal terms, dates, rights and other key contractual information within a system, you can streamline many business functions. The ability to automatically generate documents based on boilerplates and specific information merged from particular contracts within the system becomes possible. With a fully integrated system, automatically sending quotes, deal memos and invoices is simple.
Integrating your contract management system with ERP applications such as financials or CRM can provide the final link in a unified process. By creating interfaces to send and receive financial information or to unify customer identities, you can have a seamless, controllable, and auditable landscape for managing talent and assets from the legal contractual process through to payment receipt.