Contract Administration
EnCompass is a contract based system. This ensures that confirmation and settlement processes and terms are consistent with contractual obligations.
- Contracts assigned to transactions either through automated process or individual selection. The transaction then adheres to the relevant contract terms for confirmations and settlement.
- User defined transaction statuses for managing the confirmation work flow.
- All commercially relevant deal changes automatically change the deal status for processing within the confirmation work flow.
- Multiple confirmation formats for different transaction and contract types
- User customizable legal language on confirm formats.
- User defined contract statuses for managing the contract work flow
- Automated support for company name changes and mergers, with (for mergers) assignment of contracts/transactions
- Contracts can cover multiple transaction types and commodities
- Contract data management sub-system including standard templates
- Extensive counterparty management sub-system, including parent company relationships, tax exemptions etc.