Corridor Administers Drexel University's Contract Management Lifecycle

CIOReview | Friday, October 09, 2015

WAKEFIELD, MA: Corridor Company, provider of contract lifecycle management software powered by the SharePoint platform extends its Contract Management App, CM[.app] for Drexel University. This enables the institution to improvise its contract processing efficiency while minimizing any risks associated with contracts and their management.

CM[.app] for SharePoint meets Drexel University’s requirements such as customizable workflow, simultaneous review of contracts, version control, amendment addition with approval, clear user interface, flexible reporting capabilities, milestone tracking, correspondence and notes, search capabilities on both content and metadata at any point in the contract's process, and management of extension or close out.

“Our contract management initiative requires the technology to help us achieve efficiency as well as a technology partner we can work with to make the project a success. Corridor’s technology and commitment to working with clients as colleagues made the strongest case for their selection,” says Helen Bowman, Executive Vice President, Treasurer, and COO, Corridor.

The platform delivers both SharePoint- and non-SharePoint–based contract management solutions. Furthermore, Corridor’s Business Release approach to product deployment places working functionality in the hands of business users quickly, in successive stages. Corridor’s adjacent technologies in supplier management extend a promising avenue for automation in coming years for the institution.

“Higher education is a focal point for innovation in contract management, especially where gaps may exist for managing contracts and suppliers. We welcome Drexel as a client, and look forward to their insights on how Corridor’s solutions can provide increased value to colleges and universities,” states Russ Edelman, CEO, Corridor.

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