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Contract Management Software
Contract Management Software is a valuable tool for organizations seeking to streamline contract-related processes, mitigate risks, and optimize contract performance. By providing a centralized platform for contract creation, execution, and management, CMS helps organizations improve efficiency, compliance, and transparency across the contract lifecycle, ultimately driving better business outcomes and mitigating risks associated with contract management.
Contracts are legally binding documents that should not be approached lightly. lack of powerful contract management system can lead to operational inefficiencies and financial losses. Contract management is a collaborative effort and all stakeholders need to be on the same page to avoid confusion, missing action deadlines and access to up to date information. Complinity is a comprehensive contract management system that helps manage the entire lifecycle of a contract.
Contract Repository
Manage contract information and actual contract soft copies on a single platform.
Contract Drafting
Generate request for contracts (RFCs) from different departments on the tool. Legal drafting can be accomplished on the platform and different versions of the draft contracts can be stored for reference.
Manage Executed Contracts
Store executed copies for the contracts for multiple companies, locations and departments spread across different contract categories like AMCs, Lease Agreements, Customer and Vendor Contracts etc. and departments like HR, IT, Finance etc.
The system automatically classifies the contracts into status like To-be-executed, Active, Due-for-Renewal, Expired and Archived. Features like auto numbering, capturing contract summary flexi-fields and host of filters simplify the process of accessing the right contract in the least amount of time.
Service Level Agreements (SLAs)
Post contract activations. Complinity helps in tracking contract obligations or contractual compliances. SLAs can be assigned to users and tracked to its completion and the system helps in managing hundreds of SLAs on a separate Dashboard with detailed analysis.
Dashboard, Email Alerts and MIS
Get relevant email alerts for renewal alerts for executed Contracts, RFCs, SLAs, Deviations etc. Real time dashboards for contracts and SLAs give the status of each contract and SLA for quick decision making. Generate excel and pdf reports for review meetings. Repository of all attached documents and Contract Templates are stored in secure and encrypted form.