To optimize the management of the entire contract lifecycle, automation is becoming a necessity.
Designed to monitor all stages of contract production, from the negotiation phase to the final agreement, and to ensure traceability, a contract management software solution can help you to identify key clauses, latent risks, possible non-conformities and to assess their financial impacts for the company.
Structuring and automating contract management
A contract management solution is a legal team's business partner for:
- Automating and securing your company's contractual activity
- Structuring and maintaining your contractual assets
- Mastering the stages of negotiating and drafting contracts
- Analyzing the legal and financial impact of contracts
- Controlling the proper execution of contracts and managing their amendments
Why structure and automate contract management
- Productivity and efficiency: Automating the contractual process streamlines the contract lifecycle, reduces manual errors, and improves the productivity of lawyers, allowing them to refocus on higher value-added tasks
- Better organization: The classification of numerous documents within a legal management software allows better organization and easy searches. Archiving a legal document in a single database accessible via the web is the starting point for optimized contract management.
- Compliance: A structured and automated process ensures compliance with legal and regulatory requirements.
- Collaboration: Lawyers can easily collaborate with other departments and players involved in the contracting process. They therefore benefit from advanced collaboration features such as keyword searches, versioning monitoring and the automated dispatch of documents for signature from a centralized document database.
- Risk Management: A contract management solution can help mitigate risks, by centralizing contract information and tracking obligations.
- Save time and money: Automating the contractual process and reducing manual errors makes it possible, for example, to reduce the tacit renewal of your contracts.
