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Using advanced technology from market leaders we can help our clients to automate the workflows associated with initiating, executing, and monitoring contractual agreements from all areas of the business, such as procurement, sales or IT.
Implementing a contract management solution offers significant savings in purchasing, enables efficient sales cycles, and lowers compliance risk.
Built on no-code platforms, our contract lifecycle management solutions (CLM) come with customizable best practice functionality for buy and sell-side contract management including repository and templates, clause library, flexible approval workflows, built-in Artificial Intelligence, security and compliance safeguards, automated notifications and seamless integration with existing systems.
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CLM Functionalities
Contract Repository
Get immediate access and visibility to all your organization’s contracts. Find any contract or clause.
Template & Clause Library
Create contracts instantly using contract templates or dynamic clause libraries for each agreement type.
Approval Workflows & Execution
Automate approvals including a combination of sequential, parallel, and conditional approvals with internal and external parties.
Compliance
Comply with regulatory requirements while managing risk, with precise controls, and a complete audit trail for every contract.
Buy Side
Monitor contract obligations, and supplier performance against service level agreements.
Sell Side
Integrate with CRM systems to instantly generate sell-side documents like proposals, MSAs, and sales agreements.
Alerts and Performance Tracking
Ensure the timely execution of key processes with automated alerts, escalations, and assignments through integrated email and SMS messaging.
Artificial Intelligence
Reduce business risk by automatically identifying risky contracts and suggesting replacement clauses from the established clause library.
White Papers
Seven Steps to Success in Sourcing
Using agile contract lifecycle management (CLM) to gain an edge
The Critical Need for Centralized Contract Compliance
How to automate contract compliance to reduce risk across the enterprise
Step-Up Your Purchasing & Contracting Agility
How to elevate sourcing and gain an agile, competitive advantage
Video
Contracts drive modern commerce. Large organizations manage up to 20,000-40,000 contracts, according to PwC. Companies also lose 9.2% of annual revenue due to poor contract management practices, according to World Commerce and Contracting. On top of that, Gartner says 85% of companies don't have an enterprise contract management system.
Learn how our technology partner Agiloft helps manage the contract lifecycle.
Case Study
Jungheinrich
Digital contract management at Jungheinrich