Common use of Document Phase Clause in Contracts

Document Phase. Based on the information collected during the Discovery Phase, Mercatus will analyze and document the detailed business requirements of Customer. Once the entire current process has been mapped, Mercatus will identify gaps and overlap within roles or business units and define how Mercatus will fit into and facilitate Customer’s applicable processes using the Platform. This includes definitions and recommendations around: o Data, Document and Entity Management workflows o Commitment Tracking o Reporting and Analytics Dashboards requirements o User roles and access privileges o 3rd party software integration requirements, such as existing monitoring or accounting solutions (if applicable) o Data dictionary which outlines the fields required to manage all Customer’s Entities • This process will be defined within a Functional Requirements Document (“FRD”) delivered by Mercatus, which will be reviewed with the assigned Customer Workflow Manager, then presented to Customer’s Executive Team. This document will be approved by Customer in writing prior to the start of the Configure Phase to ensure that Customer has complete clarity on what will be implemented, how it will be implemented, and timeline for implementation.