Your Challenges
The legal team faces challenges due to the vast volume of contracts scattered across departments and systems, leading to high management costs, compliance risks, and difficulties in locating and tracking correct contract versions and approvals.
Transformation Opportunity
The legal department aims to enhance its performance by adopting a comprehensive system for proactive compliance and information governance. This initiative seeks to streamline processes, reduce errors, transition to paperless operations, and efficiently manage records for minimized risk exposure.
Critical Success Factors
The legal team requires immediate access to accurate information from a centralized source and secure collaboration tools. Equipped with appropriate technology, they ensure swift, compliant, and efficient business process execution across various systems while enforcing legal and policy requirements.
Key Business solutions
The solution automates the entire contract lifecycle, from initiation to archival, offering knowledge location, standardization, risk reduction, milestone management, incentives tracking, and robust analytics for contract performance insights. For further details, visit ECM.
The solution enables your legal team to collaboratively manage contracts throughout their lifecycle. It includes enterprise-level content management coupled with social media tools, facilitating communication, reviews, updates, and discussions in a centralized platform. This solution enhances team collaboration, provides user profiles, discussions, documents, and accessibility via mobile devices for secure information access from anywhere.