Monarch Selects iContracts for Contract Management Solution

Behavioral health provider prepares to deploy Universal Contract Manager

Bridgewater, NJ – February 23, 2017 – iContracts, a leading provider of contract, compliance and revenue management solutions today announced that Monarch, a non-profit organization serving individuals with intellectual and developmental disabilities, mental illnesses, and substance abuse disorders, has selected iContracts’ contract management solution to effectively manage contracts, expand visibility, improve collaboration, reduce costs and optimize performance. Monarch will utilize Universal Contract Manager (UCM) to streamline all aspects of contract and compliance management within their organization.

Founded in 1958 by a small group of parents, Monarch has grown into the preferred provider for many North Carolinians. Historically, Monarch has been managing contracts through a combination of spreadsheets and manual processes, using a paper-based system in which all contracts and associated documents were stored in an on-site location. With staff routinely requiring rapid access to contracts, the need to centralize documents and key contract data electronically became increasingly important.

“Monarch was searching for a centralized contract management solution that would efficiently organize and track activities for contracts and other agreements, in addition to providing automation,” commented Cindy Jones, Chief Financial Officer at Monarch. “After considering several alternatives, we decided Universal Contract Manager was the best choice to improve our contract management processes and look forward to implementing the solution and significantly improving efficiency throughout our organization.”

iContracts’ UCM is a software service over the web, thus requiring no investment in facilities, hardware, software, or related costs. All aspects of a healthcare provider’s contract management lifecycle, including contract creation, monitoring of key milestones and compliance can be managed by UCM with minimal assistance from the IT department.

“We are pleased to welcome Monarch to the iContracts family,” commented Leigh Powell, Chief Executive Officer of iContracts. “iContracts’ ability to deliver a truly unique solution is driving our success in the behavioral healthcare market as reflected by the accelerating pace of new client additions. We look forward to working closely with the Monarch team and playing a small role in their continued success.”

About iContracts
iContracts’ comprehensive suite of fully integrated cloud-based solutions helps companies improve collaboration, expand visibility, reduce costs, stop revenue leakage and optimize performance. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts. iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts’ comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers.

About Monarch
Established in 1958, Monarch is a not-for-profit organization that provides support statewide to thousands of people with intellectual and developmental disabilities, mental illness and substance use disorders. Monarch is certified by The N.C. Department of Health and Human Services as a Critical Access Behavioral Health Agency (CABHA) and operates The Arc of Stanly County, which is a chapter of The Arc of North Carolina and The Arc of the United States. To learn more about how Monarch provides support, please call (866) 272-7826 or visit www.MonarchNC.org.