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What is Updraft?

Updraft represents a groundbreaking advancement in contract management, capable of slashing drafting time by up to 90%. Selected as the preferred contract management software partner by Deloitte, Updraft caters to more than 59,000 organizations worldwide. By leveraging this innovative platform, users can redirect their attention to the critical aspects of their work rather than being overwhelmed by monotonous tasks. The integration of A.I. technology empowers individuals to generate a multitude of documents with just a few clicks, significantly simplifying the workflow and boosting efficiency. This shift not only enhances productivity but also enables teams to manage their time and resources with greater effectiveness. As a result, Updraft is revolutionizing the way organizations handle contract management on a global scale.

What is Open Contract Manager (OCM)?

Open Contract Manager (OCM) is an open-source contract management solution built on the Alfresco platform, designed to help organizations create, evaluate, manage, and finalize agreements with vendors and suppliers. This adaptable platform can be implemented in the Cloud with a usage-based pricing model or installed on-premises via an Alfresco Enterprise Edition subscription, offering companies the necessary scalability and adaptability. For a major banking institution in Singapore, we crafted a customized Contract Management and Procurement system that greatly improved operational efficiency by integrating tax and legal regulations from over five Asian nations, supporting three languages, and achieving an impressive 70% decrease in total cost of ownership when compared to proprietary technology systems. Furthermore, we successfully transitioned more than 5000 legacy contracts using an automated migration tool, showcasing our technical capabilities. Our clients have experienced significant advantages from our expertise, which we detail in our extensive literature. Additionally, we provide a repository of components, frameworks, and products aimed at expediting deployments, helping organizations swiftly respond to their contract management requirements. Our goal is to empower businesses to optimize their contract processes, enhance efficiency, and ultimately drive better results in their operations. This commitment to excellence is reflected in the continuous improvements we strive to implement for our clients.

Media

Media

Integrations Supported

DreamObjects

Integrations Supported

DreamObjects

API Availability

Has API

API Availability

Has API

Pricing Information

$42 per user per month
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Origin Systems

Date Founded

2006

Company Location

South Africa

Company Website

www.updraftsoftware.com

Company Facts

Organization Name

CIGNEX

Date Founded

2000

Company Location

United States

Company Website

www.cignex.com

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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