smartContract powers contract lifecycle management across industries

Explore some use cases below

smartContract powers contract lifecycle management across industries

Explore some use cases below

CLM for Financial Institutions

Financial institutions across the globe have displayed remarkable resilience and adaptability during the pandemic, helping people, organizations, and governments get back on their feet. But as the world continues to change rapidly with a shifting global order and increased regulatory tightening, uncertainty has become the new normal. Banking, financial services and insurance (BFSI) organizations are now urgently seeking ways to chart a path through the current fog of uncertainty and reposition for a brighter future.

To meet the demands of the new economic realities, these organizations must take immediate action to optimize costs, free up in-house resources for proactive initiatives, and safeguard compliance. 

financial institutions

How smartContract CLM works for Financial Institutions

Insights on your fingertips

Easily understandable insights give stakeholders unparalleled visibility and empower leaders to make informed business decisions.

End-user friendly

Provide customers with a digital experience that exceeds expectations while adhering to regulatory compliance.

Advanced risk management capabilities

Utilize real-time insights to identify risks, evaluate their likelihood and impact by assigning risk scores and mitigation strategies.

Ensure data security

Leverage data security to the maximum extent to protect sensitive information, fulfill confidentiality obligations, and comply with data protection regulations.

Standardize compliance practices

Ensure consistent adherence to regulations across all locations and divisions to minimize risk and ensure regulatory compliance.

smartContract CLM for Financial institutions

CLM For IT Services

The IT services industry is in the midst of economic headwinds with some of their biggest clients poised to cut budgets at a time when the talent market is increasingly tight. This comes on top of broader changes in the industry that has seen the non-tech companies fortifying their IT functions to better understand and improve how they buy IT services.

Efficient contract management is key to sail through and beyond the headwinds as tracking these legal agreements enable IT companies to unblock bottlenecks, identify where revenue is being eroded and maximize value from their business relationships. 

IT Services

How smartContract CLM works for IT services industry

Visibility

Easily understandable insights give stakeholders unparalleled visibility and empower leaders to make informed business decisions to unblock bottlenecks.

Obligation management

Ensure compliance with obligations throughout the contract lifecycle irrespective of employee turnover with role-based accountability and automated reminders.

Collaboration

The solution allows diverse teams to easily collaborate on contracts, making for a transparent experience and streamlined review processes for all stakeholders.

Faster Negotiations

Faster negotiations with comprehensive portfolio and document-level AI functionalities that identify non-standard clauses and suggest fallback positions.

Agility

Achieve business agility for organization-wide response to changing business needs and environment with an advanced, tech-enabled lifecycle.

smartContract CLM for IT services industry

With the increasing attention on making supply chains more resilient, manufacturers have found themselves tangled in complex structures and stringent contracts. But at the same time, they need to protect their technology with airtight and updated contracts. These challenges are multiplied by the operating structure of manufacturers where teams are distributed across multiple locations and legal departments are often overwhelmed with emails.

manufacturing

How smartContract CLM works for Manufacturers

Accelerate every aspect of contract management with smart templates, real-time tracking, AI-enabled workflow and a powerful repository.

Ensure the right NDA is always signed in time to protect your technology in every business interaction.

Easily collaborate with internal and external stakeholders on a single platform with controlled yet comprehensive access to useful information.

smartContractCLM can be configured to fit your unique requirements even as you evolve with the changing business environment

Integrate with other business applications to provide useful insights from contracts so stakeholders can easily recognize opportunities and risks.

smartContract CLM for Manufacturing

CLM For Telecom Providers

Being an economic multiplier and powering new-age interventions, telecom providers have to strive to innovate to meet evolving customer needs but still establish very robust supply chains to ensure continuous delivery considering the falling downtime tolerance. smartContractCLM makes your business smarter and more resilient by leveraging latest technologies to help you become a next-gen telecom provider.

Telecom Industries

How smartContract CLM works for Telecom providers

Smart clause library and templates ensure contractual terms across the organization are in line with evolving legislation.

Maintain a bird-eye’s view of vendor performance and supplier relationships to ensure smooth operations and avert downtimes.

Easily identify risk elements buried deep within contracts to ensure you are prepared for any anomaly.

Leverage smart analytics to have unparalleled visibility into business relationships with partners on the ground.

Seamless integrations with business applications for high efficiency, advanced insights and a single source of truth.

smartContract CLM for Telecom

CLM For Auto Industry

The business environment for automakers continues to be
extremely volatile – it started with crushing semiconductor
shortages and has spiralled into significant price volatility across
the supply chain. This comes on top of new challenges due to
technological evolution and complicated regulatory changes as
automotive innovation enters a new era. Data handling,
intellectual property, strict ESG reporting and even volatile trade
tariffs are some of the new challenges faced by automakers.

And according to industry experts, efficient contract management
is key to addressing these woes. smartContract CLM helps
automakers by enabling flexibility in face of uncertainty while
providing extreme visibility and control to be able to protect the
bottom line.

How smartContract CLM works for Auto industry

Flexibility

Empower suppliers and regional units with flexible contracts while retaining control with AI-powered analytics and contract monitoring.

auto-line
Collaboration

Easily collaborate with internal and external stakeholders on a single platform with controlled yet comprehensive access to useful information.

Consistency

Smart clause library and templates ensure contractual terms across the organization are in line with evolving jurisdiction-specific legislation.

Integration

Seamless integrations with business applications for high efficiency, advanced insights and a single source of truth irrespective of employee turnover.

Efficiency

Improve cycle times and significantly reduce legal operating expenses with a tech-enabled contract lifecycle.

smartContract CLM for Auto industry

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Let us show you how smartContract CLM can solve contracting challenges of your organization.

E-Book: smartContract CLM for financial institutions: Navigating the new economic order Download →

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