Name: SimpliContract
Author: SimpliContract

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SimpliContract

Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

Contract Management

Home Dashboard - the dashboard provides actionable insights in seconds.

Contract Repository - Displays the current stage of any contract with the help of a searchable repository that provides high-level information at a glance.

Al Search - Clauses in a contract can be extracted with the help of Al. Legal teams can pull up clauses without having to skim through the whole document.

Simpli360 - Displays all the necessary contract information on a single screen so there is no need to browse through multiple screens to obtain relevant contract information.

<div><p>SimpliContract is an AI-powered end-to-end enterprise-grade Contract Lifecycle Management platform. The new-generation CLM platform's cutting-edge features enable all teams involved in the contract lifecycle to effectively manage contracts with internal and external stakeholders. Crafted by Lawyers, Technologists, and Contract Managers, the platform has proven value in increasing revenue, accelerating contracting times &amp; improving compliance. </p></div><div><p> </p></div><div><p>From Authoring to Obligation Management, the platform serves as a comprehensive solution for users across in-house Legal, Sales, Finance, HR &amp; Procurement teams. With its all-in-one functionality, the platform caters to the CLM automation needs of top players in Retail, IT, E-commerce, Govt., Healthcare, and other industries.  </p></div><div><p> </p><p><br></p></div><div><div><p><b>Key Benefits:  </b></p></div><div><p> </p></div><div><p><u>Quicker Revenue:</u>  </p></div><div><ul><li><p>40% reduction in contract authoring time.   </p></li><li><p>Quicker revenue realization (18% of sales cycle spent on contracting). </p></li></ul></div></div><div><div><p> </p></div><div><p><u>Reduced Costs: </u></p></div><div><ul><li><p>Reduction in revenue leakage – 9% of bottom line.   </p></li><li><p>Optimized spend &amp; 10-12% reduction in expenses. </p></li></ul></div><div><p> </p></div></div><div><div><p><u>Improved Compliance:</u> </p></div><div><ul><li><p>Reduced risk – 2% of annual costs.  </p></li><li><p>Real-time contractual insights for improved compliance. </p></li></ul></div><div><p> </p></div><div><p><u>End-to-end CLM platform:</u>  </p><ul><li><span style="letter-spacing: -0.6px;">One platform for legal, sales &amp; procurement teams. </span></li></ul></div></div><div><p> </p></div><div><p><u>Quick deployment:</u>  </p><ul><li><span style="letter-spacing: -0.6px;">Simplify contracts across the enterprise in just 3 months </span></li></ul></div><div><p> </p><p><br></p></div><div><div><p><b>Product stats:</b> </p></div><div><ul><li><p>20,000+ enterprise users  </p></li><li><p>50,000+ enterprise contracts </p></li><li><p>$30 billion contract value </p></li><li><p>100% user acceptance within just 3 weeks of implementation </p></li></ul></div></div><div><div><p> </p><p><br></p></div><div><p><b>Features: </b></p></div><div><ul><li><p>Distinct functionalities for both the buy side and sell side, providing a unique and tailored approach. </p></li><li><p>Contract authoring and template &amp; clause library management. </p></li><li><p>AI-powered contract analysis, metadata extraction, and search. </p></li><li><p><span style="letter-spacing: -0.6px;">Advanced Analytics and Reporting </span></p></li><li><p><span style="letter-spacing: -0.6px;">Contract repository and document management. </span></p></li><li><p><span style="letter-spacing: -0.6px;">Contract collaboration and approval workflows. </span></p></li><li><p><span style="letter-spacing: -0.6px;">Contract milestone and obligation tracking. </span></p></li><li><p><span style="letter-spacing: -0.6px;">Contract renewal</span><span style="letter-spacing: -0.6px;"> and expiration management.</span> </p></li><li><p><span style="letter-spacing: -0.6px;">Centralized Desk and Controlled Access to data. </span></p></li><li><p><span style="letter-spacing: -0.6px;">Integration with other enterprise systems.</span> </p></li></ul></div></div>

Contract Authoring

Features related to the contract authoring process.

Contract creation

Includes a document generator and tools for creating new contracts.

Contract templates

Allows users to set up templates or templatize old contracts in order to make new contract creation easier and more consistent.

Clause library/saved fields

Users can save certain fields of a contract for re-use; these may be stored in a template or a clause library.

Integration to CPQ

Integrates to CPQ software so that calculated quotes/configuration details can feed into contracts. This is an important element of automation in the contract authoring process.

PDF generator

Users can generate PDFs of contract documents.

Contract attachments

Users can attach other documents, like invoices, images, meeting minutes, memos, etc, to contracts.

Guided logic

Automated questions (based on company policies and the circumstances of the deal) help with the contract authoring process; this is an example of partial automation.

Contract Collaboration

Features related to collaborating on contracts.

Contract sharing

Users can easily and securely share contracts with internal users and external users. Contracts are accessible.

Contract editing

Contracts can go through multiple drafts and revisions; the software supports multiple versions and version comparison.

Contract merge

Multiple versions of a contract can be merged.

Collaborating on contracts

Internal and external users can collaborate on contracts without changing the text of the contract; this may be done through comments, questions, and/or message board conversations.

MS Word plug-in

Users can make changes to contract language using Microsoft Word.

Approval process

Approval workflows can be configured to streamline and automate the approval process; the approval process is helpful and convenient.

Parallel approvals

Users can set up complex workflows to handle parallel approvals.

Interdepartmental workflows

Users can set up interdepartmental workflows so that contracts can flow between teams in a logical and organized manner.

Contract Monitoring

Features that enable users to monitor the status of contracts.

Contract database

Contracts are stored and organized in a central repository.

VORs

Allows users to send/receive variation order requests and coordinate these with contracts.

Contract search

Users can easily look up contracts within the database.

Contract milestone reminders & alerts

Users can schedule reminders and/or trigger alerts according to contract milestones.

Custom contract reports

Users can create custom reports about the status of contracts, contract timelines, efficiency, and revenue tied to contracts.

Tracking contract status

Users can track the status of a contract as it moves through the approval process and beyond.

Salesforce integration

Integrates to Salesforce so that contracts are tied to contact’s CRM records.

Compliance check

Users can define and enforce complex business rules related to compliance regulations; helps automate or partially automate contract compliance check.

Tools and features to aid in contract management and formation.

Contract Storage

Centralized storage and management of all contracts in one place.

SimpliContract

Overview

What is SimpliContract?