Online Contract Management

Online and Secured library of all Executed Contracts Role Based Access to Contracts Business Unit and Contract Type wise Segregation of Access Rights Structured and Free Text Search of Contracts Unlimited Metadata fields and tagging of Contracts OCR based information extraction and search of scanned contracts Hierarchical view of Contracts/Amendments/Renewals with parent-child relationship smartContract Repository […]
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Automated Contract Management System

Standardization of Contract Request Forms Contract type-wise Configuration of Request Forms Unlimited fields for Information gathering Collection of Supporting Documents on Contract Requests Real-time visibility of Contract Request Status Auto and optimized assignment of Requests to the Legal team based on workload and other customizable rules end to end contract management
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Automation System

Rule based workflow for each stage of the Contracting Process Sequential and Parallel workflows Multi-level approvals and reviews Adhoc and on-demand approvals and reviews Tracking, Monitoring, and Escalations of Workflow tasks Email/Mobile app notifications of workflow tasks Approval/Rejections directly over emails
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Smart Drafting and Review

Central Repository of Templates Clause Library of Standard/Alternative clauses with preferred/fallback/walkaway position Approval for Clause library and Template updates Intuitive Draft creation using Templates/Clause library Auto generation of Draft using smart template and smart fields Clause wise review and approvals during drafting Drafting collaboration with parallel drafting and auto merging of changes by users Draft […]
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Streamlined Negotiations

Auto tracking of communication with contracting party i.e. vendor & contract management simultaneously Easy and foolproof view and tracking of changes in party draft Easy comparison of party draft with original draft Secured portal to present draft to party for review, negotiation, and approval
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Contract Risk Management & Compliance

Deviation/Risk Tracking – Party Position, Company Position, Legal Remarks Deviation approval based on the risk exposure and type Options to define mitigation plans against identified Deviations/Risks Assignment of mitigation plans during the tenure of the contract Tracking and monitoring of Risks/Mitigation plans Analysis of Deviations/Risks/Mitigation plans
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Efficient Execution

Customized Execution workflow with execution tasks and notifications E-signature integration with Docusign, Hello sign, and other platforms Aadhar based E-signature integration Storage of signed Contracts in Central Repository with relevant metadata fields
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Announcement: smartContract CLM partners with Cygnet Infotech. Read more

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