What It Is
The Contract Management module brings governance discipline to contract lifecycle management. Beyond storing contract documents, MPG tracks the obligations, clauses, SLAs, renewals, and compliance requirements embedded in each contract — ensuring nothing falls through the cracks.
Contracts are connected to the third parties they govern, the risks they create, the controls they require, and the policies they support. This creates a contract governance framework where every agreement has clear ownership, tracked obligations, and monitored compliance.
The module includes a clause library, template management, contract requests, and obligation tracking — with automated alerts for upcoming renewals, expiring terms, and unfulfilled obligations.
Who It Is For
Problems It Solves
How MPG Solves Them
MPG extracts and structures obligations from contracts, tracking each obligation with an owner, deadline, and compliance status. Automated alerts notify owners before obligations are due, renewals are approaching, or SLA terms are at risk.
Contracts are connected to the third parties they govern, the risks they introduce, and the controls they require. This creates a governance-grade contract framework where every agreement is actively managed, not just stored.
A clause library and template management system ensures consistency across contracts, while contract request workflows streamline the creation and approval of new agreements.
Key Features
Reporting Studio & Governance AI
Every record in this module can be reported on
The Reporting Studio turns what your workspace records into governed figures — compiled from your own records, approved before anything leaves the workspace, and answered with citations.
Governed measures
Each figure is compiled from the module's own records and carries the instant it was read at and what it leaves out.
Approval before release
A report pack leaves the workspace only once the approval chain its report type requires has decided on it.
Answers you can check
The assistant points to the records each answer rests on, and it never approves, publishes, releases or deletes anything.
Workflow
Create contract from template or request
Configure clauses, variables, and obligations
Submit for review and approval
Execute and store the signed contract
Extract and assign obligations with owners and deadlines
Monitor obligations, SLAs, and renewal dates
Receive alerts for upcoming deadlines and expirations
Manage renewals, amendments, and terminations
Report on contract compliance and obligations
Use Cases
Related Governance Risks
Related MPG Modules
Frequently Asked Questions
Can I track obligations within contracts?
Yes. MPG extracts and structures obligations from contracts, assigning each obligation an owner, deadline, and compliance status. Automated alerts notify owners before obligations are due.
Does MPG provide renewal alerts?
Yes. MPG tracks contract renewal and expiration dates and sends automated alerts to contract owners well in advance, ensuring renewals are never missed.
Can I create a clause library?
Yes. MPG includes a clause library where you can store and organize standard contract clauses. Clauses can be reused across contracts to ensure consistency and reduce legal review time.
How are contracts connected to vendors and risks?
Every contract is linked to the third party it governs, the risks it introduces, and the controls it requires. This creates a governance-grade contract framework where every agreement is actively managed within your broader governance ecosystem.
Can I track SLA compliance?
Yes. SLA terms are extracted from contracts and tracked through KPI monitoring. Breaches trigger alerts and can be linked to findings and remediation actions.
Related Templates
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