How smartContract CLM helps
each department
Explore some use cases below
WHY
HR Teams
need Contract Management System
Contract management in an HR setting involves the creation, delivery and ongoing maintenance of staffing services including recruitment, training, development and compensation. But due to the collaborative nature of HR contracts, it becomes difficult to have a frictionless contract workflow to create, execute and store them in a secure manner.
Easy HR contract
creation
Automated templates let anyone create contracts, even those without a legal background.
Stay aware of all upcoming contract-related actions
Customizable reminders for any event in a contract’s lifecycle help you stay on top of your contracts.
All contracts at your
fingertips
Central and secure online storage for all of your contracts with smart search and filtering to help you find any contract without delay.
Better candidate
experience
Streamline your hiring process by centralizing and tracking all hiring documentation and activity.
HR
without smartContract CLM
Longer time-to-hire, disorganized contracts
WHY
Finance Teams
need Contract Management System
The volatile business environment has reinforced the importance of contracts to finance departments, as these documents govern every dollar in and out of a company. But despite a strong understanding of what the company needs, finance departments aren’t able to accumulate the necessary information from the contracts to inform their company’s decisions.
Identify and mitigate current business risks
Establish accountability and monitor progress for any event in the contract lifecycle.
Negotiate better
contracts
Spot trends in negotiation terms and identify key contract levers that positively or negatively impact cash flow.
Understand the big
picture
Track health of the company’s complete contract portfolio to take timely actions.
More control and no
surprises
Analyze contracts at scale and control the commercial terms that govern business relationships.
Finance
without smartContract CLM
Insufficient control over cashflow, partial visibility
WHY
Sales Teams
need Contract Management System
Sales teams work across multiple systems and collaborate with different stakeholders for legal review of sales agreements and getting the documents signed to close their deals. But in the absence of a carefully designed process that establishes transparency and enables easy collaboration, this process is often a bottleneck for sales teams. Some of the pain points include
Accelerate contract creation
Technology to support self-service contract creation enables quick contract generation.
Coherent collaboration
Complete visibility into sales contracts' status and transparency in processes.
Precise execution
Automated workflow reduces missteps due to last-minute chaos while supporting faster contract execution.
Advanced audit trails
Audit trails also help businesses improve their compliance with industry standards and government regulation
Sales
without smartContract CLM
Prolonged sales cycle times, rigid bottlenecks
WHY
Procurement Teams
need Contract Management System
Contracts are the single source of truth for the obligations, entitlements and risks in supplier relationships. But each stage in the source-to-contract process is often managed in silos – from developing a sourcing strategy to contracting to invoicing. Due to the highly fragmented processes, it is difficult to ensure the intent of every contract is fully realized.
Accelerate Source-to-contract process with fewer dependencies
An intuitive contract drafting system that reduces legal dependencies and costs
Negotiate
better deals
Leverage AI and ML to analyse contract drafts, suggest favourable terms, identify deviations from preferred positions, and more.
Stay on top of all your
contracts
A central repository with advanced search and filtering capabilities serves as a single source of truth
Track Vendor
Performance
Define SLR terms and capture SLA data from contractors to ensure compliance. Alerts notify the company when SLAs are at risk of getting off track.
Procurement
without smartContract CLM
Uneasy supplier relationships, dangerous blind spots
Book a personalized demo!
Let us show you how smartContract CLM can solve contracting challenges of your organization.