PracticeLeague - Legal Technology Solutions

Contract Management Software

by PracticeLeague

The cornerstone of the world of business is the professional contract between parties. Contracts makes legal and binding the agreement and terms between parties – to deliver service in accordance with certain parameters such defined outputs, speed, timeliness, quality, security, confidentiality and so on. Contracts ensure transparency, equity, safety and greater trust in business dealings. So managing contracts efficiently is essential for professionals and businesses.

Until recently, businesses and professionals didn’t have options to manage their contracts other than the approach of creating, storing, retrieving and searching contracts manually. This approach brings with it the frustrations of lost or misplaced papers, the loss in productivity because slippage in service level agreements were overlooked, the risks invited because compliance slippage was not identified in time or the risk of a loss of a contract related to breach of milestone or clause. Instead a fully automated contract management system provides businesses and professionals the capability to manage contracts in way that makes it very easy and simple.

Automated contract management software automate and manage the various stages of contract lifecycle from creation and execution, through performance monitoring, amendments, analysis and renewal.

With a full automated contract management system you can:

Bullet View contracts easily, quickly, have contract details and fine print at the click of a few buttons
Bullet Track contracts from the point of view service level agreements performance, contracts milestones, commitments and obligations easily and quickly
Bullet Collaborate, communicate and negotiate with all stakeholders through a common, automated and integrated platform where everyone has visibility of the contract details so that there are fewer misunderstandings and greater trust
Bullet Document assembly automates the creation of transaction based documents with minimal data input error and with minimal duplication of effort.
Bullet Never lose track of contracts since there are stored in a central repository
Bullet Stay informed through alerts about non conformance, breaches and slippages for you to act on

Contract management software vastly improves business intelligence, productivity and bottom line. An independent study has found that nearly 65% of enterprises report that contract lifecycle management reduces significant exposure to financial and legal risk.

Uberall’s PracticeLeague Contract management System offers a ready suite of tools and solutions that automate complete contract Management Lifecycle.

 

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