Automate and optimize your end-to-end contract management processes. Collaborate with multiple functions during the contract management lifecycle in real-time for faster approvals.
Product leveraged: salesforce.com platform
Solution Highlights
- Lead capture: Multi channel enabled lead capture
- Contract Creation: Contract Search, Clause Master Data, Templates, Versioning, Microsoft Office Integration
- Collaboration leveraging Chatter
- Approvals & Workflows
- Enterprise Integration with ERP
- Electronic Signature
- Revenue: Revenue Recognition, Invoicing, Reports & Spend Analysis, Renewals
Business Benefits
- Shorter contracting lifecycle (one of the implementations reduced cycle time by 50%)
- Higher contract renewal rates & hence increase in revenues
- Lower administrative costs
- Lower cost of service – no manual effort spent on search, retrieval and replicating of contracts
- Stronger compliance with a tighter control over business & legal SLA / clauses.