Top University to deploy iContracts Universal Contract Manager
Raritan, NJ – November 12, 2013 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Portland State University (PSU), Oregon’s largest University, has selected iContracts “Universal Contract Manager” (UCM) to effectively manage contracts, improve visibility, control access and measure performance. PSU will utilize iContracts UCM to maintain a wide variety of contracts and agreements throughout the University.
Like many universities, Portland State University had been managing contracts through a combination of manual processes and a limited function in-house system. While contracts were housed in a centralized location, the in-house system did not provide the reporting, workflow, contract authoring, audit documentation or notification functions that the University’s Contracting and Procurement Services (CAPS) team needed.
“We were impressed with iContracts Universal Contract Manager (UCM) the first time we saw it. With each demo, we became more convinced that UCM would enable CAPS to improve its performance and effectiveness throughout Portland State University and would save the university time and money as well as providing better control of the contracting process,” said Karen Thomson, Assistant Director for the CAPS team. “UCM delivers a cost effective, secure and scalable platform for improving every facet of our contract management processes. We look forward to rapidly implementing the software and realizing substantial benefits.”
iContracts Universal Contract Manager is cloud-based, thus requiring no investment in facilities, hardware, software or related costs. All aspects of a contract’s lifecycle, including contract creation, monitoring of key milestones and compliance can be managed by iContracts UCM.
Leigh Powell, Chief Executive Officer of iContracts commented, “iContracts is pleased to welcome another leading university to our rapidly growing client list. Portland State University is nationally acclaimed as a leader in sustainability and community-based learning. We are proud of our new affiliation with a leader such as PSU and look forward to playing a small part in their continued success.”
About iContracts
iContracts’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with considerable and unique experience in building contract management solutions. This deep understanding and straightforward approach shows in everything we do. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers. For more information, please visit www.icontracts.com.
About Portland State University
Portland State University is Oregon’s largest and most diverse public university located in the heart of one of America’s most progressive cities. With nearly 30,000 students, it offers more than 60 undergraduate and 40 graduate programs in fine and performing arts, liberal arts and sciences, business administration, education, urban and public affairs, social work, engineering and computer science. PSU offers more than 226 bachelors, masters and doctoral degrees. The 50-acre downtown campus—with the motto “Let Knowledge Serve the City”—places students in a vibrant center of culture, business and technology. This allows students to participate in internships and community-based projects in these fields as well as education, social services, and government. For more information, please visit www.pdx.edu.