#Covid19 – Go digital for Contract Management

The Novel Coronavirus (#convid19) brings unprecedented challenges and requires every organization to evolve and bring in 360-degree changes to remain

Check out Volody's Free CLM Software

The Novel Coronavirus (#convid19) brings unprecedented challenges and requires every organization to evolve and bring in 360-degree changes to remain in business and ensure there is a limited impact on life, business, and no community spread.

By now it is quite clear that the #Convid19 is going to stay for years and it may take a few months to have an adequate medical support system like a vaccine, hospital support, and testing facilities in place.

As businesses are adopting work from home, customer meetings are happening on a digital channel and the world has adopted “NAMASTE” instead of hand-shake for greeting friends, family, and business acquaintances, there is a strong case to go paperless to avoid contacting #convid19.

Volody has been championing the concept of digitization & automation for many years and with the best internet facilities across the world, solutions for digital signatures like DocuSign, adobe sign and a desire to have a structured solution for Contract Management, it is time now to digitize & automate the legal contract drafting, execution, and Management Process.

Volody Contract LifeCycle Management Software (CLM)
Digitize your contract drafting, contract creation, execution & signing with Volody Enterprise Contract LifeCycle Management Software (VCM)

Easy, safe & faster deployment
VCM makes you ready to go with an 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.

Intelligent Contract creation
Volody 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, its risk management features help to give alerts for contracts having riskier clauses.

Intelligent approval matrix
Every 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 adapt to make sure all contracts are approved before execution. The approval matrix can be changed within the software without reaching out to Volody.

Audit Trail, Version control & compare documents
Volody Contract Management Software instantly updates the audit trail for all contracts based on all actions, creates multiple negotiation versions, and allows users to compare two documents to ensure there is nothing falling through the cracks and there is complete information about all actions as an audit trail.

Legacy contracts digitization
Businesses & General Counsels take a longer time to decide on selecting CLM implementation partners due to a 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.

Solution for all types of contracts
Volody Contract Management is a comprehensive solution- Ideal for both Buy-side and Sell-side contracts allowing businesses to negotiate the best terms for all types 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.

Risk Management
Data Science & Machine learning-driven models ensure that users are given alerts about 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.

Smart Centralized repository
Centralized digital storage and access to all contracts anywhere from any device. Now access, search, and retrieve all your contract 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.

Clause Library
Every 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. A standardized clause library allows businesses and legal teams to make changes to the contract without involving GCs, hence reducing the time in contract drafting and saving money.

Digital Signature
A contract gets completed only after the signature. Volody enables the 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 reduces the pain of taking printouts, sending documents for signatures for all parties concerned.

Communication with stakeholders
VCM 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.
In the time of crisis, we are here to help your business automate and digitize the Contract LifeCycle Management and make you #convid19 ready.

Please reach out at connect@volody.in or call us at USA +1 (917) 724-2760/India +918080809301 

Volody Products

Volody Logo

Volody is a legal tech company specializing in providing software to help businesses digitize and automate their legal processes. Built by professionals with decades of experience, our products, such as Contract Lifecycle Management Software, Document Management Software, and Litigation Management Software, aim to reduce legal workload and eliminate low-value manual processes. With AI & ML at their core, Volody products are engineered to provide astute and agile solutions that adeptly meet the evolving requirements of the corporate world. That’s why global giants have chosen Volody as their legal tech provider.

Table of Content

Want more content like this? Sign up for our monthly newsletter.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

Volody's Free Trial of CLM Software

Experience the transformative power of Volody’s CLM platform for free!