Symfact is a contract and compliance management solution for users in any line of business involved in compliance and risk management, including organizational governance and entity controls. The solution serves organizations of all sizes, from departmental to enterprise implementations, and helps users actively manage contractual terms and risks. The platform enables users to manage documentation, budgets, deadlines, commitments, workflow, including secure access and analytic tools for contract management and compliance.
Symfact’s contract and document creation module enables users to create new contracts and agreements from standard clause and template libraries, including NDAs, BAAs, CDAs and more. It helps handle the entire contract life cycle for all partners and contract types, as well as optimize all contractual relationships. Contract activation features allow for contracts to be captured and stored manually, semi-automatically, or automatically within the system. The compliance module addresses compliance demands, and provides users with transparency of risks, conditions and obligations.
The platform's secure repository includes integrated archiving functionality that can be configured to unique user requirements. The reporting feature provides 15 standard default reports which can also be configured as required. Users are able to import or export files in various formats including pdf, docx, xlsx, rtf, and xml. Automatic alerts and notifications can be sent via email or via the system, to warn users of specific events such as a change of contract status or threshold breach.
Symfact enables users to track and trace an audit trail in cases when several users have the permissions to modify a contract. All tracked data can be searched and sorted by activity, user, date or time. Users are able to define data and relationships, typically between the contract and its relevant partners. Workflows and approval guidelines can be defined and managed, based on the responsibilities of the authorized users. The platform supports multi-party/language/currency features with mouse-over currency conversions.
Ability to customize our process and fields. The implementation (workbook) was more detailed than I imagined, but that was a benefit because it allowed to think through processes not initially on our radar. Our project lead provided exceptional service before and after the implementation.
User capabilities is self explanatory. The system and functionality is very clear and simple to administer. Quick response to portal inquiries.
It's not a "least" issue about the software, maybe a suggestion for something new in the feature. I'd like to see more default reports and dashboards available vs. the option to self create.
We received a quality, customizable contract management software that is able to integrate with our internal systems and send critical information to project managers that in the past may have been completely unaware of non-standard terms of engagement - allowing us to better abide by our long-standing contracts.
Good combination of fields and tabs for data input, searchability, and various reporting options. We use the reporting in various ways which has been quite valuable to enable us to notify others working on future projects of any unique arrangements we may have agreed to in a master contract.
It's been challenging to make updates and improvements as our business grows and we make more use of the product. A large part of this has been a lack of consistency and QA in programming. Another factor could be that the initial people who worked with us passed along the work to others, who do not have the same background/understanding of our needs and uses.
- I like the flexibility the tool provides as it can be customized to your needs;
- Symfact is determined to understand their customer needs and the business they are in and are not just selling a product.
- Fast access to key decision makers in the company, very responsive team
- Pricing (not the total cost) was at the beginning a challenge due to the pricing metrics they first came up with but after a few meetings and Symfact understanding our challenges we found a good solution.
Elimination of many paper files and records. Closed loop view into contract creation and completion. Ability to store information, including email, related to contracts on contract records.
The ability to create and store contracts along with electronic documents relating to each contract. Symfact is also able to act as an electronic file system, which eliminated the majority of my paper files.
Customizing the software lead to a protracted testing period that included using our team as a primary testing team during development.
Symfact is an important tool in the lifecycle management of our third party contracts contracts and is used by different departments (e.g business develpment, customer service, legal etc. )
It is very easy to use and it is possible to make changes according to our specific needs. You have all relevant information in one place and can easily take out reports.
I cannot say. We are in general satisfied with the software
Contact Symfact for detailed pricing information.
Below are some frequently asked questions for Symfact.
Symfact offers the following pricing plans:
Pricing model: Subscription
Free Trial: Not Available
Contact Symfact for detailed pricing information.
Symfact offers the following features:
Symfact has the following typical customers:
Large Enterprises, Mid Size Business, Small Business
Symfact supports the following languages:
English, French, German
Symfact has the following pricing plans:
We do not have any information about what devices Symfact supports
Symfact integrates with the following applications:
Microsoft Outlook, Microsoft Word
Symfact offers the following support options:
Online Support, Phone Support