View source for Agreement Management

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==Overview of Agreement Management==

The Agreement Management Tile enables you to manage all aspects of creating and editing agreements from a single page. From here, you can:

* search, view and manage all your existing requests on the [[Requests Page]]
* create new requests on the [[Create Request Page]]
* search, view and manage all your agreements on the [[Agreements Page]]
* create new agreements on the [[Create Agreement Page]]

If you are new to the Icertis Contract Management (ICM) application, the following section will help you understand the agreement workflow and give you an overview of agreements in the context of this application. In ICM, the terms Agreement and Contract are used interchangeably and mean the same thing. In this Help System, we will use the word "Agreement" when talking about Agreements. "Contract" will only be used in reference to Contract Types.

An Agreement in ICM is based on these main concepts:

* '''Template''' is a predefined format that gets used for a given agreement. It consists of the text that is relevant to the type of agreement being created. Templates in ICM are used to organize clauses and give a certain structure to all the attributes.

* '''Attribute''' can be defined as a variable or placeholder for the actual data for the agreement. This is data that changes for each agreement. For example, [Company Name] and [Legal Address] can be attributes that will be replaced by the actual name and address of the company the agreement is being signed with.

* '''Clauses''' contain the terms and conditions of the agreement. For example, the payment terms will be 45 days from the date of invoice. Clauses can be rule or attribute based.

* '''Rules''' help automate the workflow and define conditions that must be met for an agreement to get executed and stay in force. They enforce specific roles for certain users and comply with predefined business conditions. For example, if the payment is not received within 45 days of the date of the invoice, a 10% penalty on the outstanding amount will be levied. 

* '''Approvers and signatories''' are an integral part of creating an agreement and are rule based. The rules determine who must approve and sign the agreement throughout it's life cycle.

This figure shows these building blocks of an Agreement in ICM:

      [[File:AgreementComponents.JPG]]


While the actual workflow of an agreement within ICM can be quite complex and involved, it is summarized in these 5 steps:

'''1. Create contract request''': when someone in your organization, such as a department manager wants to engage a vendor for certain services over a length of time, the individual can raise that request with the procurement department that can then work on that agreement. Depending on the workflow adopted, your organization may:
* enforce this step so all contracts are initiated and drafted only by 1 department, or
* make this step completely optional, so it can be skipped by someone who is an expert at contracting and it's process. 

'''2. Create agreement''': this involves the primary owner (creator of the agreement) defining the contract type, selecting attributes and template, and verifying the details entered. See [[Create Agreement Page]] for complete details.

'''3. Review and approve agreement''': once the primary owner has created an internal draft of the agreement, it gets published and this published draft can now be sent for reviews and approvals to the team of people that are working on this agreement in various roles.

'''4. Execute agreement''': there can be one or more people that need to approve the agreement before it is ready to be signed. Once all approvals are obtained, the approved agreement can be sent to be signed by both the parties. With both parties signing (known as internal and external signatories in ICM), the agreement is said to be "executed" and is now in force.

'''5. Add amendment''': if, after execution, there needs to be a change in the agreement, for example the payment terms or the scope of work (SOW) changes or terms and conditions (referred to as clauses in ICM) have to be changed because of the introduction of a new regulation, the primary owner can add an amendment. This process will be similar in nature, but a few things like the approvers may change. 

This figure shows all the possible states of an agreement with various roles involved in creating it.

[[File:AgreementFlow-RoleStatus.jpg]]




                           
==Before Creating an Agreement==

These steps are typically performed before an agreement is created. Some of these steps can be optional, for example, some organizations may not need a request for an agreement to be created. Hence, all request-related tasks become optional. Click on any of the options below for details.

[[Create a New Request]]<br/>
[[Send a Request for Review]]<br/>
[[Review a Request]]<br/>
[[Edit a Request]]<br/>
[[Send a Request for Approval]]<br/>
[[Approve a Request]]<br/>
[[View Request Status]]<br/>
[[Put Request On Hold]]<br/>
[[Cancel a Request]]<br/>
[[Search an Existing Request]]<br/>
[[Copy an Existing Request]]<br/>
[[Download and Print Request Information]]


==Creating an Agreement==
These topics walk you through various aspects of creating a new agreement. Click on any of the options below for details.

[[Create a new agreement]]<br/>
[[Create a new agreement from a contract request]]<br/>
[[Copy an existing agreement]]<br/>
[[Add Supporting Documents to Your Contract/Agreement]]<br/>
[[Add Commitments to Your Contract/Agreement]]<br/>
[[Send a Contract/Agreement for Review]]<br/>
[[Review a Contract/Agreement]]<br/>
[[Create an Associated Document]]<br/>


==Managing Existing Agreements==
[[Set Auto-Expiry of a Contract/ Agreement]]<br/>
[[Download and Print Contract/Agreement Information]]<br/>
[[Search Contracts/Agreements]]<br/>
[[Create Smart Link for Agreement]]<br/>
[[Create Smart Link for Association]]<br/>
[[Edit a Contract/Agreement]]<br/>
[[Put Contract/Agreement On Hold]]<br/>
[[Cancel a Contract/Agreement]]<br/>
[[Delete a Contract/Agreement]]<br/>
[[Add and Remove Approvers]]<br/>
[[Enable and Disable Approvers]]<br/>
[[Recall an Approval]]<br/>
[[Approve a Contract/Agreement]]<br/>
[[Reject a Contract/Agreement]]<br/>
[[Delegate an Agreement Approval/Review]]<br/>
[[Review Deviated Clauses]]<br/>
[[Approve Deviated Clauses]]<br/>
[[Add Manual Deviation]]<br/>
[[Fulfill a Commitment]]<br/>
[[Send an Agreement to External/Third Party Signature]]<br/>
[[Electronic Signature for Own Paper]]<br/>
[[Electronic Signature for Third Party Paper]]<br/>
[[Manual Signature]]<br/>
[[Search an Associated Document]]<br/>
[[Approve an Associated Document]]<br/>


==After Executing an Agreement==
[[Post-execution review of an agreement]]<br/>
[[Terminate an agreement]]<br/>
[[Add amendment to an agreement]]<br/>
[[Renew an agreement]]


==Miscellaneous Topics==
[[View a Contract/Agreement]]<br/>
[[Send a Message]]<br/>
[[Save Your Search Results]]<br/>
[[Export Search Results]]<br/>
[[Trigger Notification]]<br/>
[[Add Notes]]<br/>
[[Install ICM Excel Add-In]]<br/>
[[Log In to ICM Excel Add-In]]<br/>
[[Upload Agreements Using ICM Bulk Insert]]<br/>
[[Upload Agreements to ICM]]<br/>