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Description
Streamline and automate the entire contract lifecycle—from initiation and creation to negotiation, execution, and expiration. Provide your organization with comprehensive visibility into all contracts, enhancing compliance, reducing risks, and boosting employee productivity. Utilize our automation solutions for more intelligent contract drafting and effective tracking of contract information. Implement automated workflows for crucial processes such as contract creation, review, registration, renewal, termination, and requests for contract modifications. Monitor outcomes from public expenditures to ensure that payments align with performance metrics. An escalation matrix, integrated from the client's active directory, will systematically establish the escalation hierarchy. Additionally, maintain a clause repository that includes essential information on contract clauses, such as clause ID, name, and content, to facilitate efficient contract management. This comprehensive approach not only enhances operational efficiency but also ensures that all stakeholders are well informed throughout the contract lifecycle.
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
NetSuite
Oracle CRM On Demand
Oracle Fusion Cloud ERP
Integrations
Adobe Acrobat Sign
Coupa
Docusign
Google Cloud Operations Suite
Google Workspace
Leegality
Microsoft Dynamics 365
NetSuite
Oracle CRM On Demand
Oracle Fusion Cloud ERP
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
Newgen Software
Founded
1992
Country
United States
Website
newgensoft.com/solutions/enterprise-service-management/contract-lifecycle-management/
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