Contract Lifecycle Management

Contract Lifecycle Management (CLM) application consists of two main processes: Contract Reconciliation Process and Central Register of the Contracts. These two processes matched together allow us to manage the entire lifecycle of the contract. Starting from a new contract from the template, to archiving the final, agreed with the Customer version.

Contract Lifecycle Management

It is one of the key operational processes in any company. All corporations are signing contracts with their clients, partners or contractors. It is one of those processes that involves many employees in the organization, therefore its automation and improvement will bring quick and measurable benefits.

Business benefits

One application for everyone in the company involved in the contract process
Reduce time of contract negotiation
Allows better control of related contract incomes and expenses
Full integration with digital signature platforms
Built-in contract templates module
Notifications keeps track of the deadlines for completing tasks
Risk register for potential contract risks
Task management and parallel contract reviewing possibility
Permissions adopted to Customer organizational structure or empowerment matrix
Build-in dynamics reports covering all contracts information and status
Smooth integration with MS Office and other application builds on Webcon BPS (budgeting, invoice approval, orders approval, digital mailroom etc.)
Unlimited integration capabilities with ERP, CRM and other systems by open API

Key Contract Lifecycle Management steps:

1) Contract registration
2) Authoring and reviewing
3) Finance Control
4) Approvals
5) Customer Negotiation
6) Digital Signature integration
7) Contract Renewal Management
8) Post-contract management
9) Risk & task management

Find out more on our Blog

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