Legal Contracts Approval

Overview

Newgen Contract Lifecycle Management is applying technology to standardize, streamline and automate contract initiation, creation, negotiation, execution through to expiration. With Newgen Solution companies can reduce contract cycle times by 80% with improved standardization, control and visibility of their entire contract portfolio. These improvements lead to lower procurement costs, increased revenue, reduced customer migration, improved compliance, lower risk and an overall gain in employee productivity.

Key Features

• Contract Management process which includes contract authoring, review, contract registration, contract renewal, contract termination, and Request for Addendum to the Contract
• Design User Inboxes which will contain contract diary details, which are related to the tasks allocated to each user
• Escalation Matrix will be imported from the customer’s active directory automatically through integration and then used to define escalation structure in the solution.
• Business Activity & Monitoring helps you create standard and custom reporting through Report Generation Wizard.
• Master Data Management helps you create and manage Clause Repository with data related to contract clauses like Clause Id, Clause Name, and Clause Content.