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Description
Komtrakt, created by Lexplosion Solutions, is an all-encompassing software solution for contract management that aims to optimize the entire contract lifecycle through streamlined workflows and timely reporting. This platform boasts a variety of capabilities, including a web-based contract repository organized by hierarchy, version control, proactive notifications, obligation monitoring, and the ability for multiple users to review documents simultaneously. Users can also create and modify contracts both online and offline, while the software features auto-archiving, comprehensive reporting tools, and a powerful search function for quick access to contract details. By centralizing contract storage and minimizing the time needed before execution, as well as enabling effective tracking of key milestones, Komtrakt assists businesses in reducing contract-related risks and improving governance. Additionally, it allows for the seamless tracking, escalation, and reporting of contract obligations and internal responsibilities, making it a vital tool for any organization focused on enhancing its contract management process. The ability to search any text within contract documents further enhances usability and efficiency.
Description
Key Benefits:
- Quicker Revenue:
40% reduction in contract authoring time.
Quicker revenue realization (18% of sales cycle spent on contracting).
- Reduced Costs:
Reduction in revenue leakage – 9% of the bottom line.
Optimized spend & 10-12% reduction in expenses.
- Improved Compliance:
Reduced risk – 2% of annual costs.
Real-time contractual insights for improved compliance.
- End-to-end CLM platform:
One platform for legal, sales & procurement teams.
- Quick deployment:
Simplify contracts across the enterprise in just 3 months.
Features:
• Distinct functionalities for both buying and selling sides of contracts, providing a unique and tailored approach.
• Advanced Reporting
• Contract authoring and template & clause library management.
• AI-powered (NLP) contract analysis, metadata extraction, and search.
• Contract repository and document management.
• Contract collaboration and approval workflows.
• Contract milestone and obligation tracking.
• Contract renewal and expiration management.
• Centralized Desk and Controlled Access to data.
• Integration with other enterprise systems.
API Access
Has API
API Access
Has API
Integrations
Adobe Acrobat Sign
Coupa
Docusign
Google Cloud Operations Suite
Google Workspace
Leegality
Microsoft Dynamics 365
Microsoft Word
NetSuite
Oracle CRM On Demand
Integrations
Adobe Acrobat Sign
Coupa
Docusign
Google Cloud Operations Suite
Google Workspace
Leegality
Microsoft Dynamics 365
Microsoft Word
NetSuite
Oracle CRM On Demand
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Lexplosion Solutions
Founded
2007
Country
India
Website
lexplosion.in/products-services/contracts/komtrakt/
Vendor Details
Company Name
SimpliContract
Founded
2020
Country
United States
Website
simplicontract.com
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management
Product Features
Contract Management
Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management