Contract management software for legal departments & information services teams

Contract management for online subscriptions

Data management is already a complicated environment. Having a solution for managing online subscriptions’ contracts — such as market data, research, SaaS, and information services licenses — centrally is the need of the hour, especially when you need to compare one contract with the other. It is even critical when you are likely to have multiple web-based subscriptions that cater the same industry.

Comparing usage between multiple providers & contracts allow strategic decision based on a cost-benefit analysis model. With each firm undertaking multiple contracts to cater their research & other information needs, managing all these can be a challenge. The system is expected to help librarians & other information professionals with the process, providing correct reporting as well as reminders to ensure you have enough data to negotiate with the vendor.

Optimized contract negotiations & renewals

ResearchMonitor Contract Management does this for you. The simple user interface allows you to fill in your basic contract details, attach your T&C’s as well as other documents, and link the resources covered in contract so you can get a usage summary. The child contract concept is there if you want to create a follow up contract.

Once the data is all set, ResearchMonitor does the job for you. Providing different reports to compare the contract data, usage summary data at session and user level that helps you identify how the resources were used at the time of renewal, and much more.

Automatic reminders can be configured per contract allowing you to proactively stay on top of your contract negotiations as well as having flexibility based on the type of contract.