Rail Contract Management

Mitigate risks, ensure compliance, gain visibility
into your Rail Contracts

Rail Contract Management

Using the Icertis Contract management (ICM) platform, CloudMoyo enables railroads to lead digital transformation across procurement, lease management, real estate, legal and sales.

Why do railroads need Contract Management?

With multiple contracts involving third parties, vendors, suppliers, labor and commercial agreements; contract management can become problematic for railroads. Here are some ways CloudMoyo can help:

Legal

Legal

  • Manage regulatory compliance with bodies such as FRA, AAR, APTA, ASLRRA
  • Ensure compliance with railway safety legislations
  • Monitor labor union clauses and rules
Procurement

Procurement

  • Enforce agreement terms, pricing and obligations
  • Enhancing visibility into global spend data
  • Manage leases, renewals, expiries and penalties
Sales

Sales

  • Quick and efficient updates to prices
  • Track lost revenue and negotiate favorable rates
  • Comply with Rate EDI Network mandates and Interline Settlement System (ISS)
Commercial

Commercial

  • Gain proactive visibility on efficiency, risk, obligations and effectiveness
  • Enhance visibility on interchange rates, car-hires, etc.
  • Systemize freight audits

Do you want to modernize your contracts?

Our offerings - Rail Contract Management

CloudMoyo is the Preferred Partner for Icertis Contract Management (ICM) – a leading Contract Lifecycle Management (CLM) software in the cloud – for implementation, legacy migration, contract process optimization, clause analysis services and contract analytics. With a team of over 40 implementation specialists, functional & technical consultants and lawyers, we bring experience of over 35 projects and a rich legacy of 8+ years of thorough contract lifecycle management knowledge-

Rail Contract Management System Implementation

Implementation

  • 360° ownership of project management right until hyper-care
  • Deploy strong functional consultants with domain expertise
  • Drive system configuration and adoption activities
Rail contract Template and Clause Analysis

Template & Clause Analysis

  • Analyze agreement templates to find options for optimization.
  • Identify common clauses among templates, consolidate them and remove redundancy
  • Optimize templates to reduce implementation cost, time and effort
Rail contract data legacy migration

Legacy Migration

  • Ensure error free and swift migration
  • Extract Metadata and get ICM ready for use with historical data
  • Proven methods for migrating legacy contracts
Rail Contract Data Analytics

Contract Analytics

  • Create custom reports
  • Build charts and graphs for easy visualization using Power BI

Success Story

Real Estate Lease Management System for Class 1 Railroad

CloudMoyo helped an American Class I railroad with a contract management solution to manage its real-estate leases by creating a comprehensive store of real-estate inventory by organizing new and legacy agreements in one system. This mega-project handled over 35000 legacy contracts, 120000 documents and 250 inventory listings. The key benefits from this contract management solution were-
  • Catalog and proactively manage lease contracts
  • Automate financial processes (rental payments, price escalation and indexation, variable rent and concessions, settlement of service charges)
  • Gain insight into costs, yield and occupancy
Customer Success Stories

Talk to our Rail Contract Management Expert now!



Improve the efficiency in your rail contracting process