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How Regulated Companies Can Improve the Contract Management Process to Increase Efficiency and Reduce Risks

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White Paper 5 How Regulated Companies Can Improve the Contract Management Process MasterControl Mobile™: Using MasterControl Mobile in conjunction with the MasterControl system will allow your team members to access information from the system using tablets and smartphones. Even when they are traveling or out in the field or working remotely, they can still access contracts, and review, approve, and participate in the contract management process. MasterControl Mobile is particularly helpful to executives who travel often or spend significant time away from their desks. Connected Processes: By using MasterControl as a platform, the contract management process can be connected to all other processes used for compliance. While there are many specialized contract management software available in the market, you may not get the connectivity that MasterControl provides; using a single platform for all your processes will help you get more mileage out of an electronic system. Conclusion While regulated companies invest a lot of time and money automating their processes for compliance purposes, they do not necessarily think of contract management as part of the picture. Yet their operations rest on a foundation of contracts and agreements with suppliers, providers, consultants, and other parties, making contract management essential. If your company is thinking of automating a paper-based or hybrid contract management process, consider an end-to-end solution like MasterControl, which addresses all processes critical to compliance. MasterControl can bring your entire organization together under a robust platform that will help increase efficiency, improve coordination among various teams, and align your contract management's business goals with your overall compliance efforts. About MasterControl MasterControl Inc. creates software solutions that enable life science and other regulated companies to deliver life-improving products to more people sooner. MasterControl's integrated solutions accelerate ROI and increase efficiencies by automating and securely managing critical business processes throughout the entire product lifecycle. More than 1,000 companies worldwide, ranging in size from five employees to tens of thousands, rely on MasterControl cloud solutions to automate processes for new product development, clinical, regulatory, quality management, supplier management, manufacturing and postmarket surveillance. MasterControl solutions are well-known for being scalable, easy to implement, easy to validate and easy to use. For more information, visit www.mastercontrol.com. © 2019 MasterControl Inc. All rights reserved. WPXXXXUSENLT-01/19

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