In today's competitive environment, IT has become the cornerstone of most organizations. Industry-leading corporations know that in order to run a successful organization, you need to maximize your IT assets. One of the most successful and strategic ways to leverage your IT assets is via contract management. Industry analysts report that the average Fortune 1000 Company hosts between 20,000 and 40,000 contracts worth billions of dollars each year, with an increase in active contracts of more than 20% in the past year. These contracts become integral tools and the foundation for both deploying IT to meet your business needs, as well as the roadmap that directs and governs your business relationship with outside vendors. The need for a comprehensive, robust contract management solution is growing rapidly. Enter ContractOne ®.

In response to that market need, Future Tech Enterprise has created ContractOne, the most complete and flexible asset contract management solution available today. ContractOne enables IT professionals to more effectively manage the complete lifecycle of their technology contracts ---- from vendor management to the initiation, amendment, renewal and termination of contracts. Finalized contracts, terms and any related documentation are accessible to authorized users through a web browser. Deliverables and other key milestones are automatically tracked so vendor compliance and commitments are proactively managed.

Built on an open architecture and utilizing the most advanced web-enabled technologies, ContractOne is completely scalable, offering unprecedented functionality and flexibility. With unrivaled ease of use and an intuitive graphic user interface, ContractOne boasts an accelerated deployment strategy, ensured simple administration, and premiere 24-hour support. ContractOne is highly customizable and can wrap around your businesses processes, ensuring that your IT assets are aligned with your corporate landscape and business objectives.

Functionality

End to End Management of IT Contracts
Once created, contracts must be actively managed over their entire lifecycle. ContractOne offers an omni-view of your technology infrastructure with proactive features that allow you to facilitate every phase of managing the contracts on your assets, including requisitioning, purchasing, deploying and retiring.

Increased Visibility into Vendor Relationships
With an ever-growing trend toward outsourcing, your company's business relationships with outside vendors may have an increasingly critical impact on your own organization. ContractOne offers a consolidated view of the products and services those vendors provide, as well as the role they play in meeting your business needs.

Increased Vendor Compliance
ContractOne proactively tracks contract expirations, a Herculean task for those administering in a paper-based environment. With an intelligent notification engine, automatic notifications of renewal and expiration dates ensure vendor compliance and an improved Total Cost of Ownership.

Impacting the Bottom Line

Improving the Procurement Process
ContractOne allows you to manage your Vendors, making procurement a more efficient process. With a repository-based contract management system, ContractOne allows an organization to have one consolidated area for reviewing, managing and leveraging the contracts on its assets. Streamlining the procurement process, ContractOne provides the Procurement Department with fingertip access to mission-critical data regarding both asset information, the vendors who supply that technology and the associated contracts that govern that relationship. ContractOne reduces procurement related costs, ensuring efficiency and effectiveness.

A Budgeting/Forecasting Tool
Anyone intimately acquainted with the pains of producing an annual budget that accurately reflects the anticipated technology spending of an organization, knows all too well the intricate and mammoth task that can present. ContractOne is uniquely designed to impart significant benefits to multiple stakeholders within your organization, including Finance. Using the strategic information contained within your technology contracts, senior management can clearly discern the current state of your assets in relation to anticipated renewal/retire activity and how that will impact your technology spend in the coming year.

Reducing Your Total Cost of Ownership
ContractOne reduces your Total Cost of Ownership on multiple levels. It reduces contract renewal late penalties and overpayments with its intelligent notification features and consolidated views. It also delivers a 50-75% decrease in the manual work associated with contract management, according to Industry Analysts, thus reducing the related personnel costs on the contract management administrative end. By strategically deploying an asset contract management system like ContractOne, an organization can realize a 30% reduction in operational costs attributed to employee inefficiencies.

A Complete Solution
Future Tech Enterprise offers a significant portfolio of services that make ContractOne a true end-to-end IT solution. FTEI understands that software, however robust and comprehensive, is only part of the solution. With an accelerated deployment strategy that boasts multiple service offerings, FTEI's goal is to empower companies to maximize their IT assets by leveraging their associated contracts to meet the ever-evolving needs of that organization. With over two decades of experience that spans across multiple industries, FTEI Consultants operate on one very basic principle: In order to bring value to your organization, we need to understand your individual industry, your specific business, your corporate processes and your organization's goals. We customize our service offerings, which include the following, to reflect your business' current state as well as where you want to go tomorrow:

· IT Asset Discovery
· Data Entry
· Valuation
· “End of Life Awareness” Program