DS Contracts
Contract Lifecycle Management (CLM) with Speed, Agility and Intelligence
- Supports multiple types of Contracts
- Metadata Extraction & Management
- Auto-generation of Contracts
- Multiple collaboration options
- Built-in Contracts Repository
- Real-Time Progress Tracking
- Advanced Search Capability
- Custom Management Reporting
Supports All Stages of CLM
- Requests for New Contracts or Amendments
- Internal Reviews and Approvals of Business Justifications
- Authoring of contract documents, auto-generated with option for manual updates and override
- Negotiations with contracting partner as well as internally with relevant stakeholders
- Final Approval and Preparation for Execution
- Execution of Contract and recording of metadata
- Storage of contracts in the contract repository
- Retrieval of contracts from the repository using advanced search, sort and filter criteria
- Amendments and Renewals of executed contracts
Key Features
- Auto-generation of contract documents with support for multiple contract templates for each contract type
- Includes version control, with configurable access control (by stage, role, department)
- Captures metadata for contract to streamline and quicken search and filter
- Intelligent routing of contract to the right stakeholders
- In-built conversation module to enable collaboration between contract stakeholders. Users can tag individuals, departments as well as specific documents
- Complete history of path traversed, decisions taken, document trail and conversations between stakeholders (without reliance on emails)
- Contracts Dashboard to enable Team Leaders, Managers and Administrators to identify bottlenecks and plan corrective actions
- Real-time visibility of contract status without having to chase people by email or telephone
Benefits
- Expedites incoming cash flow by shortening the time taken to execute contracts.
- Frees up time of Legal and other contract participants to enable them to focus on high-value activities
- Inbuilt intelligence ensures accuracy and consistency.
- Ensures consistency. All stakeholders are guided by the system to follow same process & same templates
- Solution has been designed for agility – updating contract processes and templates is quick and easy with no dependency on engineering teams.
- Reports and Dashboard offers opportunities for continuous improvement
- Managing contracts for related companies (due to M&A or simple name change, etc.) is pretty simple and straight-forward
DS Contracts is powered by DS iFlow
Check out the features of DS iFlow
Contact Us For Demo
We promise we don’t send spam