The tool offers companies a single, consolidated platform to organize contracts and supporting documents. It was built on WebCenter Content, Oracle Corp.’s document-management system, and was designed to integrate with applications such as Oracle’s Enterprise Business Suite, PeopleSoft and JD Edwards EnterpriseOne. According to TekStream, the offering provides increased efficiency through better control of the contract process, support for “evergreen” contracts to improve renewal rates, and improved compliance with regulations and standards.
