Contract Lifecycle Management and Renewals
An Intelligent Contract Lifecycle Management Solution
Seamless Contract Organization
- Unlimited Contracts & Documents: Store all contracts, amendments, and supplier documents in a single, secure repository.
- Advanced Search: Find any contract instantly with comprehensive search tools, including OCR and keyword filtering.
- Contract Hierarchy: Link related contracts (MSA, SOW, Amendments, etc.) and navigate contract hierarchy using relationship tree and compound pricing terms.
Contract Risk Mitigation:
- AI-Powered Contract Analysis: Extract key terms, dates, deliverables, obligations, SLAs, pricing and more with AI.
- Automated Reminders: Never miss crucial deadlines with automatic alerts for renewals, expiries, and reviews.
- Change Management: Track changes to contracts and automatically update impacted elements
- Clause Library: Standardize contract language by creating and maintaining a repository of pre-approved clauses
- Auto-populate Contract Templates: Create watertight contracts instantly by pulling pre-vetted clauses from your Clause Library.
Contract Compliance and Reviews:
- D&O Management: Easily create, manage, and track deliverables and obligations throughout the sourcing lifecycle.
Streamlined Approval Workflows: Automate contract approvals and revisions with configurable workflows.
Centralize and Streamline Contract Lifecycle Management
Central Contract Repository
Store all contracts and amendments in any language in a single, secure repository. Find any document instantly with powerful search tools, including keyword and Boolean filtering. Navigate complex contract hierarchies using a clear tree structure that links related contracts such as MSAs, SOWs, amendments, and more.
AI-Powered Contract Extraction
Leverage built-in ML and NLP-based extraction to retrieve, track, and manage key information from NDAs, SLAs, SOWs and other contracts like terms and conditions, key dates, deliverables and obligations, SLAs and KPIs, pricing, and more.
Automated Reminders
Set automated reminders to stay on top of expiries, upcoming audits and reviews, renewals and more.
Contract Change Management and Approval Workflows
Initiate contract changes such as changes in scope, termination clauses, and more. Eliminate bottlenecks and delays from contract approval and revisions with automated reminders and configurable workflows. Track every change made to your contracts and automatically update impacted elements with a clear audit trail to maintain visibility and stay compliant with the latest version.
Contract Templates and Clause Library
Build a library of pre-approved clauses to ensure consistent, non-ambiguous contract language. Create watertight contracts quickly and efficiently by auto-populating them with pre-approved clauses from your library.
AI-Powered Contract and Work Order Generation
Leverage built-in machine learning (ML) and natural language processing (NLP) enabled contract generation based on predefined contract templates for SOWs, amendments and work-orders, populated with standard clauses from the clause library, and standardized SLAs and Obligations based on the services category.
e-Sign Contracts via DocuSign
Automate the initiation of e-signatures for Amendments, Work Orders via the integration with DocuSign. Capture the Signed document in the Contract repository.
Deliverables and Obligations Management
Effortlessly track and monitor contractual deliverables and obligations with Enlighta Deliverables and Obligations Management module.