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Network Contract Solutions Adds Holding Company Features to Extend Market Reach and Client Base
Date:5/11/2010

Network Contract Solutions holding company features allow even more companies to save money through better contract management by reduciing their internal expenses, external expenses, and compliances costs.

Brentwood, TN (PRWEB) May 11, 2010 -- Network Contract Solutions has released new features allowing holding companies to take advantage of the industry leading contract management platform called Ncontracts®. These new features allow holding companies, consulting firms, and organizations that have a need to manage agreements between other parties, to have all of their contract information available at any time through secure online services and organized into useful summaries by Ncontracts® paralegals.

“These new holding company features create a great service for our current clients and have made Ncontracts® more appealing to different market segments including holding companies, consulting firms, and franchisors, to name a few,” said Network Contract Solutions CEO Michael Berman. “There is real need in the market for practical outsourced solutions. These holding company features allow a parent company to receive email reminders of important contractual dates and obtain reports throughout their organization regarding key contractual terms to improve their net income.”

Insight Healthcare Financial, a client of Ncontracts®, is already utilizing these new features to create internal efficiencies and improve their net income. Richard Whitmer, CEO of Insight Healthcare Financial, explained his experience and said, “We are excited to be utilizing Ncontracts® throughout our entire organization. Initially, we used Ncontracts® to manage our vendor agreements, which has provided significant financial returns. Our company licenses software to banks that allows health care providers to leverage their receivables for additional capital, and we have significant interest in keeping track of the agreements between our client banks and the health care providers. Ncontracts® lets us monitor all of these agreements, run reports, and receive email reminders of critical dates. These services not only enable us to operate more efficiently, they allow us to focus on growing our business.”

Ncontracts® is the only solution that combines custom paralegal implementation services with the convenient internet-based central storage of imaged contracts, automated email notifications, and custom summaries of critical contract terms to protect companies from financial loss that could result from missed auto-renewals, post-termination obligations, or late fees. Effective contract management has been proven to result in saving administrative costs, eliminating accounting errors, improved enforcing of service level and sales agreements, and maximizing vendor through better terms and pricing for services.

About Network Contract Solutions

Network Contract Solutions of Brentwood, Tennessee provides business solutions that combine software and services. Its flagship product, Ncontracts® is a highly secure, web-based contract management solution that provides useful summaries, alert notifications, and custom reports. Far more than software, Ncontracts® features a through implementation process in which each of your agreements is summarized and categorized by a two-tier paralegal review team to ensure the highest data integrity and system accuracy. For more information, visit www.ncontracts.com.

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Read the full story at http://www.prweb.com/releases/2010/05/prweb3991614.htm.


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