Creation, Negotiation, Execution, Administration, and Analysis of Contracts

Written contracts play an increasingly important part in the regulation of modern business relationships and transactions. This is especially true for corporations and governments using outsourcing and partnering to find more efficient ways to do business. With a growing focus on regulatory compliance, the number and complexity of written contracts is rising steadily.

Many large enterprises can find themselves managing hundreds, thousands, and sometimes tens of thousands of contracts. These include buy-side contracts with suppliers, sell-side contracts with customers, and various other contracts with business partners, investors, employees, etc. Responsibility for these contracts can be shared between line managers, contracts professionals, lawyers (internal and external) and administrative staff. As the number of people involved in the process increase, and the volume of contracts continues to grow, management of contracts, following up on expirations, renewals, payments and delivery become harder.

REDPIPAL CLM Solution

The REDPIPAL Contract Lifecycle Management (CLM) Solution enables people in various departments within the corporation to work on contracts following Contracting Process, ensuring Contract Compliance and adherence to corporate guidelines on contract management and approval authority. It provides a centralized contract repository for companies to manage the complete lifecycle of the contracts, including Creation, Negotiation, Execution, Administration, and Analysis of Contracts.


Key Features

• Use the legacy migration tool to quickly migrate and import all your existing already executed legacy agreements.
• Draft Contracts from pre-approved templates, reducing risk and increasing performance.
• Import other party language for drafting contracts and use them as the contracting document.
• Best Practices workflows on Filing and Drafting of contracts ensure compliance with review and approval policies, track negotiation timings, frequently negotiated terms.
• Drip alerts for expirations provide early, advanced warning on upcoming expirations, and other commitments.
• Custom Search and Reporting.
• Identify performing Vendors and Suppliers.
• Integrate with Master Data, Payment and, Delivery Systems.

Benefits

No License Fee, Free Upgrades, Highly scalable to store millions of documents, Ease of integration with your existing financial and procurement systems.