What is Ultria and how does it function? Ultria CLM for legal is a tool used in-house for managing the lifecycle of contracts. It has the ability to optimize and streamline all six stages of a contract’s lifecycle, increasing efficiency. Users can easily create drafts using template and clause libraries, a Microsoft Word plug-in, and version comparison features. Negotiation and sign-off processes are made simple with change tracking, version comparison, automated workflow routing, and support. Ultria also allows for configurable workflows, alerts, and timely reminders for reviewing provisions. It is suitable for both large and small organizations as it facilitates collaboration internally and externally. By integrating with email platforms and e-signature providers, Ultria ensures a harmonious virtual work environment.
