Contracts define the rules of the business engagement and play a very vital role in driving the Business functions and processes. Organizations today are facing stiff competition in the wave of globalization, driving them to lay emphasis on properly establishing and managing their contractual relationships and obligations. Contracts are considered to be an asset for any organization that if drafted and managed properly, can increase revenue; reduce cost and ensure better relationships with suppliers, vendors and customers.
smartContract, a comprehensive and easy to use solution is designed to manage the entire lifecycle of your contracts. It helps to streamline your contract processes- from request, authoring, negotiation, and approval through ongoing obligations management, analysis, reporting, and renewals – leading to standardization, transparency, compliance and control over contract processes. With many robust features and ability to customize solutions as per your business needs, SmartContract is now the choice of many satisfied customers from various industries, who express their continuous enthusiasm and confidence in this intuitive product.
Standardized Contract Library
Maintain a standardized library of clauses and Word templates with Centralized Contract Repository for all types of contracts, agreements and amendments – built on customizable SharePoint Platform
Contract Request Forms
Pre-defined Contract Request templates based on organization requirements with customizable fields for data retention, Rule based approval workflow to route any Contract request to proper authority
Shared & dedicated contract workspace on a multi-tenant, web-based platform for every contract with complete audit trail on draft and final contract versions, reviews, negotiation and execution
Online provision for legal team to “check in” and “check out” documents for drafting, reviews, redlining, and approval while maintaining draft versions with supporting documents and comments
Final contract draft review and approval process, triggered through customizable, automated workflows, through the secured and encrypted smartContract e-signature™ system
Monitor all contractual obligations from a highly customizable dashboard with automated alerts for key milestones and rule based auto escalations on non-compliant events & tasks
Why Our smartContract Solution?
Customizable contract templates configurable with individual company/ organization style guides
Rules-based execution to enable authoring, approval, execution and administration of contracts
Allow corresponding managers to review and approve requests before they reach legal team
Allocate multiple resources to draft contracts simultaneously with full visibility and audit trail
Automated email alerts and notifications provide secure access to active deals in negotiation
Controlled view rights access to the designated management on every enterprise-wide contract
Integrated digital signature mechanism to increase productivity & simplify approval processes
Stay updated on contracts with automatic alerts, handy dashboards and configurable reports
Compare and evaluate contract performance & key elements for re-engaging partners or bidding