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

iContract™ Repository

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.

iContract™ Authoring

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

Contract Discovery
  • Automate extraction of metadata from contract documents
  • Identify and auto categorize contract clauses
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Insta Review
  • Auto identify clauses in contracts from a repository
  • Benchmark contract clauses with organizational best practices & risk appetite
  • Highlight review scores at clause & contract levels.
Merlin Experience Center
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FAQ's

Zycus' Contract Management solution helps businesses to go beyond contract lifecycle management. It helps in sustaining savings and minimizing risk. It centralizes contract storage, tracks contract utilization & compliance, mitigates contract risks, and reduces contract creation cycle time. The advanced features empower organizations to accelerate contract negotiations, authorize and approve processes, minimize legal risk exposure and capture benefits by standardizing contract language and version control.
Upstream
  • Reduces contract creation and negotiation cycle time
  • Improves contract utilization
  • Increases stakeholder collaboration
  • Adheres to regulatory requirements
  • Decreases maverick spend
  • Increases savings by maintaining contract compliance
Contract lifecycle management automates and streamlines the contract process that leads to significant improvements in cost savings and efficiency while reducing financial risk.
  • Capture
  • Track
  • Author
  • Create
  • Approve
  • Negotiate
  • Sign
  • Analyze