Information Technology

Technology & Digitization are the biggest driver of every business globally. The Information Technology (IT) industry has been the biggest beneficiary of every growing automation and digitization demand of global businesses From consumers to businesses to governments across the world, there is hardly any business or region which has not been hit with the wave of IT revolution. As digitization makes life simpler and gathers more control over private data and with the new regulations including GDPR on data protection, the IT industry expectedly faces stringent compliance requirements to ensure privacy and no data breaches and cyber-security violations. Every business within IT industry requires to have complete control and visibility on all customer contracts, outsourcing contracts and ensure compliance with Service Level Agreements (SLAs), Obligations and Assignment Scope which at times result in dissatisfaction at customer level and business loss. As digitization is killing geography barrier, the intense competition posing bigger challenge on businesses to have all contracts in complete control.

Volody AI enabled CLM - Enterprise Contract Management Software for information technology industry enables organizations to streamline all contract authoring and execution processes, reduce risks, and design a systematic compliance management framework:

Seamless integration of Artificial Intelligence, Machine Learning and work-flow programming for smooth contract execution process.

Track and manage contractual data comprehensively to ensure all compliances are in place and valid.

Maintain audit trail and versions for all the changes made to all kind of contracts including vendor, service providers, customers and third parties.

Manage contracts comprehensively throughout the life-cycle to ensure that all IT related compliance requirements such as those for privacy and data breach laws like General Data Protection Regulation (GDPR), country specific data protection laws and cyber security are fulfilled.

Smartly create contract with use of AI and ML and provide base document to users (Legal Or Business) with the use of repository, clause library, similar contract with counter-parties.

Integration with reputed e-signature companies including Docusign, NSDL to allow electronic signature as per law of land.

Easy visibility to contractual obligations, milestones, deliverables to ensure adherence to the scope of work and meet delivery timelines and budget expectations.

Internal approval workflow to ensure that all contracts are duly approved as per internal Limits of Authority.

Store and manage all executed contracts within indexed, searchable and secure repository.

Communication with business, legal and counter-party.

Various dashboards, MIS and vital information for data analytics and improve your revenue, control costs and manage vendors.

Generate reports to increase transparency and stakeholder accountability for key actionable items and performance indicators. Real-time access to various dashboards and MIS.

Reminders for renewals, negotiations and executions to ensure availability of legal contract at all time.