Contract Life-Cycle Management
Overview
Contracts are an integral part of managing/enhancing Customer-Partner relationship. Companies worldwide have been facing the challenge of managing the very critical – Contract Lifecycle. With the primary goals of increasing revenue and lowering costs, it becomes even more crucial to manage your Contracts efficiently. Confident Governance introduces Agile Contract Lifecycle Management application to manage all phases of Contract Lifecycle. This intuitive, Cloud based application is not only process-driven, but also adds value to your business processes through it’s Robust and Secure platform.
Why ConfidentG Platform?
Create and maintain contracts, policies and procedures with the innovative and award winning ConfidentG Governance as a Service® platform. The application provides a secure, scalable, mobile and centralized repository to store and access all Organizational contracts, policies and procedures and manages the entire contract lifecycle, from creation to expiry. The Agile Contract Management application enables reducing manual and tedious repetitive process of drafting the same contract multiple times through the robust template functionality. This functionality which works in co-ordination with other features like pre-approved library of clauses and language. It has also assists in streamlining, standardizing and automating contract management lifecycle, thereby increasing efficiency and minimizing redundancies.
The agile methodology streamlines Compliance processes with standardized workflows and support for self-assessments, surveys and issue remediation.
Complemented with Artificial Intelligence powered Analytics for Compliance Reporting, it provides real-time insights into Compliance processes through intuitive, customizable and interactive dashboards and charts, thereby enabling informed decision-making.
Features
The important processes for creating, reviewing, approving and communicating contracts, policies, or procedures have clearly aligned roles and responsibilities at each stage along with completion deadlines.
The application provides a central repository for storing and organizing all types of contracts, policies, and procedures. It also offers an intuitive search functionality , thereby helping in easy retrieval of contracts, policies or reference documents. The application maintains revision trail and version controls that assist in monitoring all kinds of documents.
Finalized contracts are published to customers or employees in a read-only mode. The application sends out automated e-mail alerts and notifications to selected users, updating them about a new or edited contract.
Manage the auditing of your contracts. Through integration with your back-end system, support performance and audit activities – such as milestone tracking and supplier reviews.
Enable your employees to see their daily work tasks and updated reports – such as contract language usage, expirations, and non-compliance reports.
ConfidentG Cyber Governance product suite offers real-time tracking and monitoring of the contract and policy management process. Every contract or policy can be traced from anywhere,any device and at any time. Features like Einstein Analytics driven intuitive and highly customizable graphical reports and dashboards helps the users to view statistics and data using parameters such as current status, document type, audit history, approval cycle time, usage summaries and average review time.