Name: TechnoMile GRC Suite
Author: TechnoMile

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The TechnoMile GRC Suite is an AI-enabled Governance Risk & Compliance solution provided by TechnoMile. This suite aims to streamline and de-risk the contract lifecycle for government contractors. It is designed to cater to companies of various sizes in the GovCon, aerospace and defense, and federal contracting industries. The suite offers features that can benefit professionals and industries such as government contractors, aerospace and defense, and federal contracting.

## Key Features

**Contract Lifecycle Management**: The suite offers a secure cloud platform to streamline and automate the management of government and commercial contracts. It centralizes contract administration, reducing the risk associated with contracts. Users can easily track important details such as clauses, funding changes, modifications, subcontracts, and deliverables.

**Intelligent Contract Ingestion**: The suite utilizes AI-powered technology to extract contract data, automating contract set-up and enhancing compliance and obligation management. Users can upload standard contract award or solicitation documents and extract industry-specific data for review and validation. This feature saves time by reducing the need for manual contract set-up activities and streamlines the management of obligations.

**Agreement Management**: The suite simplifies the creation of various commercial agreements, including NDAs, PIAs, TAs, SOWs, MSAs, and subcontracts. It expedites the review and negotiation process, facilitating the onboarding of teaming partners and the establishment of other commercial contracts. Users can manage both sell-side and buy-side obligations efficiently.

**Configurable Clause Library**: The suite comes equipped with a library of federal regulatory clauses, including FAR/DFARS and agency supplements. Users can track and classify clauses by agency/department and specify mandatory and flow-down clauses. This feature simplifies the creation of contracts and provides clear visibility into risk across the contract portfolio.

**Document Management**: The suite offers a SharePoint Connector that serves as a centralized online repository for contract-related documents and files. Users can organize these documents into a standardized folder structure for easy access and sharing. It enables efficient storage and management of documents such as solicitations, RFIs, RFPs, and standard forms for both DoD and civilian agencies.

**Tightly connect pre- and post-award processes**: The suite seamlessly manages both pre- and post-award activities on a cloud-based platform. It integrates with TechnoMile's integrated Growth Suite, ensuring smooth and efficient transitions as solicitations convert to awards. Users can gain valuable insights into contract past performance to inform future opportunity pursuits and effectively manage risks.

INHUBBER

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Juro

TechnoMile GRC Suite

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

TechnoMile

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.

Document Management

Ability to upload, organize, and track changes to contract documents.

Advanced Search and Filtering

Efficient search functionality and advanced filters to quickly locate specific contracts or clause language.

Version Controls

Ability to track and manage different versions of contracts, including changes made and the history of revisions.

Customizable Contract Templates

Pre-defined templates that can be customized for different types of contracts.

Workflow Acceleration

Streamline the contract approval process by automating workflows and notifications.

E-Signatures

Capability to electronically verify user signatures, eliminating the need for physical signatures and enhancing efficiency.

Reminders and Alerts

Automated alerts and reminders for important contract dates, deadlines, and milestones.

Analytics and Reporting

Generate reports and gather insights on contract status, performance, and compliance.

Integration with other Systems

Ability to integrate with other tools, such as CRM or ERP systems, to exchange contract data seamlessly.

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TechnoMile GRC Suite

Overview

What is TechnoMile GRC Suite?