Contract Management Software - Business Need
When you mismanage contracts, you:
- Increase contract cycle times
- Allow critical legal information to become fragmented and exposed
- Miss savings opportunities associated with contract expiry
- Increase risk quotients across legal, market and procurement ROI (return-on-investment) risk quotient
How Zycus’ Contract Management Software Can Help You?
We start by listening to your needs.
We then configure and empower our contract management solutions to meet your specific procurement objectives, so that you gain the power to influence business performance through:
- Accelerated contracting processes and enhanced compliance across multiple legal and government regulatory systems.
- Enhanced stewardship, security and continuity around important contract documents.
- Reduced maverick spending and reduced erosion of cost savings built into contracts.
- Greater awareness of spend and risk management needs related to market conditions and contract expiry.
Contract Management Software - Features
It helps you create a smart contract warehouse with:
User-defined access controls
Powerful multi-parameter and free text search
Dynamic reporting and configurable dashboards
Alerts and reminders to track contract expiry, contract utilization and off-contract spending.
It simplifies writing and negotiating complex contracts with:
Template libraries and wizard-driven contract authoring
Audit trail, version management and side-by-side version comparisons during negotiation
Clause libraries with preapproved clauses for standardizing contract language
Flexible approval workflow
Know your Contract from Merlin A.I. Suite
- Automate extraction of metadata from contract documents
- Identify and auto categorize contract clauses
- Auto identify clauses in contracts from a repository
- Benchmark contract clauses with organizational best practices & risk appetite
- Highlight review scores at clause & contract levels.