Contract Lifecycle Management

Empower your organization - Get the 'Right' Advantage

Greater Productivity and Improved Efficiencies

Reduced Legal, Financial and Regulatory Risks

Greater User Acceptance and Lowered Adoption Costs

Greater Control On Contractual Obligations

 

The challenge of managing new partnerships with sub-contractors, customers, vendors, partners, or employees means that organizations must also look at ensuring that they standardize, streamline and automate the foundation of their business management process – contract lifecycle management. 

 

However, a majority of organizations still manage their contracts using manual paper-based ad-hoc manner, through disjointed processes. This results in longer contract cycle-time, higher exposure to risks like loss of critical documents, violation of contract terms and compliance breaches.

 

Why Thakral One

Thakral One offers CLM Matrix’s Contract Lifecycle Management solution (built on the Microsoft SharePoint 2010 platform) that is designed to help you easily standardize, streamline and automate your contract lifecycle management processes. The feature-rich solution connects and empowers your employees helping you reduce costs, increase revenues and eliminate risk.

 

Offerings You Can Leverage

You can empower your team with web-based self-service contract initiation, directly cutting down the need for manual involvement in reviewing standard contracts. Instead, your business professionals can focus on complex non-standard contracts where critical terms and conditions need special attention. CLM Matrix automates key business rules and allows your team to set alerts and, monitor and track expirations. By controlling the contract language you can mitigate compliance risks and achieve faster negotiations and approvals.

 

 

Contract Lifecycle Management for Internal and External Compliance

 

By partnering with Thakral One for deploying CLM, an organization gets a clear view on each step such as initiation or approval of the contract process and action accomplished by business professionals.
Organizations can leverage enhanced security to assist regulatory compliance and mitigate exposure to risk. The solution also helps comply with document retention policies and automate the same in line with business rules.
By enabling creation of operational contracts in the back-end, directly from the contract workspace, the solution ensures usage of standard clauses and terms as well as enhanced security and version control.
An organization can avoid litigation and penalties associated with contract non-compliance and payment errors.

 

Download CLM for Your Enterprise Now to Know More!

 

Contract Lifecycle Management for the Legal Department

 

Lawyers can achieve greater efficiency and consistency by utilizing legal clause libraries to ensure pre-approved language is used in every contract 
By maintaining versions in a single location during the drafting and negotiation stages the legal team has greater visibility, tighter controls and access to in-depth reporting and analytics capabilities
CLM solution can help automate the entire workflow of the contract, from request, through review to approval and execution, reducing cycle times and providing a traceable record for auditing.
CLM provides a clear view into how obligations are being met enabling legal counsel the ability to align policy definition to the specific language required to ensure governance and compliance

 

Download CLM for Your Enterprise Now to Know More! 

 

To know more about CLM Matrix, please visit

http://www.clmmatrix.com/

 

 

 

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