State agency prepares to deploy Universal Contract Manager
Bridgewater, NJ – August 16, 2016 – iContracts, a leading provider of contract, compliance and revenue management solutions today announced that the Maryland Department of Transportation (MDOT), a state organization comprised of five business units, has selected iContracts’ contract management solution to effectively manage contracts, expand visibility, improve collaboration, reduce costs and optimize performance. MDOT will utilize Universal Contract Manager (UCM) to streamline all aspects of contract and compliance management within their organization.
The Maryland Department of Transportation is a customer-driven leader that delivers safe, sustainable, intelligent and exceptional transportation solutions throughout the state of Maryland. Historically, MDOT has managed contracts through a combination of spreadsheets and manual processes, using a paper-based system in which all contracts and associated documents were stored in an on-site location. With staff routinely requiring rapid access to contracts, the need to centralize documents and key contract data electronically became increasingly important.
“We are pleased to welcome the Maryland Department of Transportation to the iContracts family,” commented Leigh Powell, Chief Executive Officer of iContracts. “The extreme flexibility and configurability of Universal Contract Manager is the driving force in its adoption across virtually any industry and certainly a key driver in MDOT’s decision. We are honored to serve MDOT with our highly scalable, cloud-based solutions and look forward playing a small role in their continued success.”
iContracts’ UCM is a software service over the web, thus requiring no investment in facilities, hardware, software, or related costs. All aspects of the contract lifecycle, including contract creation, monitoring of key milestones and compliance can be managed by UCM with minimal assistance from the IT department.
About iContracts
iContracts’ comprehensive suite of fully integrated cloud-based solutions helps companies improve collaboration, expand visibility, reduce costs, stop revenue leakage and optimize performance. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts, iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. 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.
About Maryland Department of Transportation
The Maryland Department of Transportation (MDOT) is an organization comprised of five business units and one Authority. They are: The Secretary’s Office, State Highway Administration, Maryland Transit Administration, Motor Vehicle Administration, Maryland Port Administration, Maryland Aviation Administration and the Maryland Transportation Authority. This unique approach provides the state’s leadership with the ability to develop a coordinated and balanced approach to transportation.