A contract management solution is used to maximize the performance of contracts through the whole lifecycle, while still ensuring compliance and minimizing risk. The processes of managing contracts without such a solution can often be time-consuming and exhausting on resources — and exposes companies to major legal risks. Using Precisely lets you optimize your contract lifecycle for maximum efficiency, all the way from the initial request to the renewal of the contracts. As a result, you’re able to free up countless hours of administrative contracting work through automation, while gaining increased control and reducing costs.
We provide you with all the means for both compliant and resource efficient contract management. Our goals are the same as yours — to make contract management smart and simple.
Authoring contracts by hand is often an inefficient, time-consuming and unreliable process. Precisely’s automated contract creation lets anyone in your team create compliant contracts superfast — even without legal knowledge. Your contracts will be consistent and error-free, regardless of length or complexity.
Precisely also lets you automate and streamline your organization’s contract workflow. The contract management solutions include end-user permission levels to control who is authorized to make changes to contract terms and wording, as well as automated approval flows, to combat the most common instance of bottlenecks.
Using Precisely’s contract management solution gives you a clear overview of all your contracts and their statuses. The secure cloud-based central repository lets you gather all of your legal documents in one place. While the smart search and filtering ensure that you’re always able to find any contract you’re looking for in a matter of seconds. From anywhere, at any time.
An intuitive overview is provided in one interface through your contract dashboard. From here, you’re able to quickly find crucial information regarding your contracts, such as what documents are signed or not, pending approvals and expiring documents.
The traditional ways of storing contracts in cabinet files result in a lack of control. And there are many contractual events that you need to stay ahead of, such as renewals, renegotiations and terminations. Keep track of these events by using smart notifications that you can set up for any event in the contract lifecycle.
As a result, you’ll never lose business revenue due to missed renewals. Use the smart reminders of Precisely’s contract management solution and we’ll let you know when important dates and deadlines are coming up.