The Art Of Any Successful Deal Is Keeping Both Sides Abreast Of Content Instead Of Contentious. Smartcontract Helps Improve The Time & Effort It Takes To Get Both Internal And External Stakeholders To The Dotted Line.
Typical contract management software does not cover the negotiating phase of the contract lifecycle. Even if you were to buy an expensive subscription, you would not be given a tool for executing contract negotiation. Here, most organizations rely again on Word’s track changes, email, and documents saved on their desktops that enlarges problems of errors, security, and lengthy timeliness in moving the contract through it’s lifecycle.
smartContract provides negotiating tools like Party Portal, notes, audit trails, email notifications and messaging features all built into a single system that makes contract negotiation straightforward, quick, and accurate. Every time an edit is made to a document, a new version is saved and displayed in chronological order in a panel next to the document you are working with.
CONTRACT REQUEST FEATURES
Negotiation Party Portal
Secure authentication based cloud Party Portal for Vendors to present the finalized Contract Draft to Vendor(s) for Review, approvals and Negotiation
Contract Drafts can also be presented to Vendor(s) through Email with features such as Password protect & Email Tracking to facilitate the ongoing negotiation
Complete Communication log, Contract Version management with supporting documents and review in the History log even for the negotiation phase
Contract Execution Workflow
Contract execution process with dynamic workflows using PDF format upload, custom-dynamic Contract number generation for executed contracts
Option to integrate smartContract with Digital Signature certificates and e-sign dongles for fast & secure contract review & execution process
Dynamic Workflow Engine
Dynamic contract workflow engine to select desired reviews for Contract reviews, approvals, e-signatures for contract execution along with Contract Task & Obligation management
smartContract – Contract Drafting Feature Benefits
Automatic data merge of contract request data from business users into template’s place-holders
Clause Library along with the Word plug-in, helps you manage, track & analyze contract language
Define rules-based sections & clauses retrieval for each contract type or document template
Standardize Contract Language using MS Word for fast and streamlined contract drafting process
Draft review workflows for pre-approvals, before presenting the contract drafts to vendors & third parties
Export Drafts directly to PDF with watermarks and dedicated codes to eliminate manual error
Attached Documents & files to Contract Records with document retention & contract archiving
Full text search capabilities for all text-based documents (word, pdf, excel, etc.)
Alerts and notifications on any changes & updates on Contract draft or supporting documents