Contract management is the process of managing contract creation, review, execution, and analysis to maximize operational and financial performance at an organization, with minimum legal risks. Given the variety of contracts involved in day-to-day activities today, contract management has become a tedious job for companies. As the business world is changing, new ways of driving revenue are forcing companies to review the way they manage the stakeholder relationship lifecycle thus making the contract management system more important than ever before.
Proind helps you in the same as it offers best Contract Management Software India, where you can configure different type of contracts in the tool; which can have different pre-defined templates and workflow. ProInd provides its customers with contract management solutions using the best contract management system and ensures that all interested parties to the contract manage their respective obligations as efficiently as possible, delivering the business and operational outputs required from the contract and value for money.
Proind provides two stages of contract management solutions:
Pre-Execution Phase :Proind offers one of the best enterprise contract management software in the market, which supports the entire pre-contract lifecycle stages including:
- New contract creation
- Term finalization
- Determination of stakeholders and other parties
- Contract Approval
- Capturing of Contract expenses
- Contract signing and Uploading
Today, Contract management is not just about contracts – it’s also important to have feedback and input from related parties. Companies want to integrate their business controls and monitoring requirements in contracts, so the concerned stakeholders have the relevant information whenever they need. That’s where contract management tools are used in order to give our clients the experience of the best contract management system.
So, any business team can raise requirements for any category of contract; after which request is reviewed and approved by the Head of their department / function.
Approved requests land in the bucket of the legal team; and requests are assigned to a particular member of the legal team.
The full communication with changes and approval in clauses are tracked in the system. Once clauses are finalized, the document is generated and a signed copy of the same is uploaded in the system using ProInd’s web-based contract management software.
Post Execution Phase: Post-Execution is responsibility of business owners and corporate legal teams. Proind’s enterprise contract management software helps to capture all possible business scenarios during the Pre-Execution phase:
- Contract Renewal
- Contract Termination
- Contract searching
- Alerts for Expiry/Renewal for contracts
The contract management software empowers managers to swiftly navigate amid the ever-changing landscape of business and its requirements. The tool can be customized and configured to meet requirements of vendor contract management software; and customer contract management software.
In a bid to help the company and empower managers to swiftly navigate amid the ever-changing landscape of business and its requirements, Proind thrives to offer top contract management software that not only enhances stakeholder relationships but also brings transparency and develops best practices in business.
The tool is being used by Proind’ clients for different category of agreements, including:
- Business Agreements
- Non-Disclosure Agreement
- License Agreements
- API License Agreements
- Contract Research Organization (CRO) Agreements