Every business without a smart Contract Management solution grapples with
Manual Drafting
Contracts drafting endlessly interrupting business & delaying revenue
Physical Storage
Contracts stored in scan or PDF using traditional DMS no digital access to contract clauses
Missing database
Missing database of all contracts & missing out renewals & negotiation powers
Erratic Processes
Erratic contract drafting flow from businesses with no accountability and limited tracking
Difficult to access
Access to signed contracts a big challenge delaying actions for smooth operations
Smart CLM ?
Looking out for Contract LifeCycle Management but digitizing plethora of legacy contracts bothering you
Digitize your contract drafting, contract creation, execution & signing with Volody Enterprise Contract LifeCycle Management Software (VCM)
- Easy, safe & faster deploymentVCM makes you ready to go with immediate installation with on-cloud & on-premise models. Passing all Vulnerability Assessment & Penetration Testing (VAPT) criteria.VCM integration feature of active directory, office emails, and Microsoft SharePoint makes software enterprise-wide acceptable, safe, secure and personalized.
- Solution for all types of contractsVolody Contract Management is a comprehensive solution- Ideal for both Buy-side and Sell-side contracts allowing businesses to negotiate best terms for all type of contracts. Use Volody`s buy-side contract solution features to improve your procurement process and sell-side solution to maximize efficiency. VCM is truly procurement contract management software.
- Intelligent Contract creationVolody Contract Management Software intelligently automates contract drafting and allows users to smartly create contracts by answering basic questions and key terms of contracts. It avoids the mundane job of working on repeated contract drafts all the time. Also, it`s risk management features help to give alert for contracts having riskier clauses.
- Risk ManagementData Science & Machine learning-driven models ensure that users are given alerts with possible risks in the contracts. Obligation & Compliance management feature allows businesses to prepare Obligation & Compliance Task Management report and ensure that all obligations and compliances are adhered to & complied with on or before time.
- One click access DashboardVolody Contract Management Software gives role-based dashboards allowing the user to see what they should be seeing. Your landing screen gives you access to all Customer contracts, Vendor Contracts, Expiries, Renewals, Compliances, Contracts under discussion, contracts under approvals all MIS readily available, Obligations, Approvals status, etc.
- Smart Centralized repositoryCentralized digital storage and access to all contract anywhere from any device. Now access, search and retrieve all your contracts content including clauses with ease. User-based access feature gives restricted access to Contracts. A centralized contract repository ensures all the contract related information is readily available in a single portal.
- Intelligent approval matrixEvery contract requires certain approval before signing be it regarding pricing, commitment, requirement or budget. Volody Contract Software is designed to understand businesses internal approval matrix and adopt to make sure all contracts are approved before execution. The approval matrix can be changed within the software without reaching out to Volody.
- Clause LibraryEvery agreement requires various clauses to protect the interests of all parties. General Counsels & Business Users also look for alternate clauses to make the agreements tight. Standardized clause library allows businesses and legal team to make changes to the contract without involving GCs, hence reducing the time in contract drafting and saving money.
- Audit Trail, Version control & compare documentsVolody Contract Management Software instantly update audit trail for all contracts based on all actions, creates multiple negotiation versions and allow users to compare two documents to ensure there is nothing fall through the cracks and there is complete information about all actions as an audit trail.
- Digital SignatureA contract gets completed only after signature. Volody enables signing of contracts digitally using legally authorized digital channels like DocuSign, Adobe Singer, Digital Signature Certificate (DSC dully approved by CCA-India) or Aadhar OTP method (for India customers) and reduce pain of taking printouts, sending documents for signatures for all parties concerned.
- Legacy contracts digitizationBusinesses & General Counsels takes a longer time to decide on selecting CLM implementation partner due to lack of support for legacy contracts. VCM uses data science & machine learning tools and automatically creates metadata for all contracts based on pre-defined models.
- Communication with stakeholdersVCM has an inbuilt feature to communicate with all the internal & external stakeholders to share documents & notes. VCM integrates with your email system and allows users to send & receive email notifications and communicate with other members of the company and people outside the organization smoothly.
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Resources
Volody products help you achieve higher efficiency, digitize corporate functions and institutional framework.
Case study
Learn how a large SME focused financial institution has been able to optimize its Compliance using Volody's Compliance.
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White Paper
Contract LifeCycle Management - Must read for General Counsels
