Improve your strategy with contract analysis software
It’s not enough to simply monitor your contract activity. With contract analytics, you can improve your contracting strategy and performance. Most importantly, contract management analytics let you quickly identify patterns and trends. With contract analysis software, you get a window into both your company’s risk and opportunities. Precisely’s automation platform and AI algorithms analyze the overall contract data, sort the information and offer valuable insights to customer behavior.
The Precisely contract dashboard gives you a clear overview. In addition, this is where you find important information about your contracts. For example, with contract analytics, you can easily search which documents you need to sign, which are waiting for approvals or expiring.
Tools for the entire contract lifecycle
A contract management platform is not only about creating and monitoring contracts. Precisely’s automated contracting solution also offers collaboration tools, smart archiving and metadata insights. We give you an overall solution for the entire contract lifecycle. In this way, your business increases control, reduces costs, and frees up countless hours of administrative contracting work.
Precisely’s analytical contract software lets you track the data in each contract. This is done through metadata, which are keywords you can use to filter and locate documents. To clarify, metadata is extracted automatically when you create a contract from a Precisely template. However, you can also add or remove any keywords to arrange the data in a way that fits your business needs.
Never miss a deadline
Metadata and contract intelligence also help you keep up with important contract events, such as renewal, renegotiation and expiration. Another way this could be used strategically is to better coordinate contracts with different renewal dates to improve time-management. Using your contract repository as a strategic tool keeps your company one step ahead.
While Precisely’s contract analysis system allows you to create, collaborate and monitor your documents, it also makes it possible to integrate different systems and databases together. This then allows data to be separated among departments where the right information is immediately accessible to the people who need it. As a result, departments work more efficiently and save large amounts of time. Furthermore, the amount of time saved greatly improves the customer experience when departments work more efficiently.