How IT Companies can benefit from CLM

Greetings from Volody Products Inc.! The future is virtual. Countries across the globe are building up their digital proficiency by

How Technology Companies can benefit from Contract LifeCycle Management Software

Greetings from Volody Products Inc.!

The future is virtual. Countries across the globe are building up their digital proficiency by adopting advanced and deep technologies.  Digital revenue for the FY 2021-2022 saw 5x growth as compared to other industries. To breed and promote start-up culture, the government has allowed 100% FDI in Data processing, Software development and Computer Consultancy Services; Software Supply Services; Business and Management Consultancy Services, Market Research Services, Technical Testing, and Analysis Services under automatic route. This paves the way for your organization to enter into numerous contracts with different entities and stakeholders for furthering your business and growth. With a large number of contracts being entered into, it becomes necessary to effectively manage your contracts as contracts bring the bread and butter for you.

PAIN POINTS OF THE TECH INDUSTRY MANAGING CONTRACTS 

Digitization makes life simpler and gathers more and more sway over private data, but some of the common challenges faced by the TECH industry are:

  • Stringent compliance requirements,
  • Preventing privacy and data breaches,
  • Growing complexities in the regulatory landscape,

RISKS OF NOT ADOPTING A DIGITAL SOLUTION FOR CONTRACT LIFECYCLE MANAGEMENT

  • Slow Contract Turn-around-Time (TAT)
  • Less or no post-award visibility.
  • Cyber Security violations.
  • Threat to data breach 

This calls for you to take wise steps in using an advanced AI-based Contract LifeCycle Management System that leaves you free, away from additional pressure apart from your 9-5 office pressure!

To put an end to all your problems, we, at Volody Products Inc, have come up with an on-cloud AI-based Contract lifecycle Management Software to help you automate your legal department and leave you contractually tension-free. The brownie point is that we have used Machine Learning and trained our software in such a manner that it is designed to extract crucial information from the contracts without any manual interference!

WHY VOLODY?

  • Digitization from drafting to signing and management.
  • On-boarding of legacy contracts using Artificial Intelligence tool
  • Alert for risky clauses during negotiation
  • Extraction of obligations using machine learning tool
  • Clause extraction for business decision
  • Clause library, contract playbook & obligation management
  • Reminder about Contract Renewals.
  • In-built agreements, addenda, and tender templates to suit your needs.
  • One central Contract Repository
  • Integration with CRM, ERP & Digital Signature platforms
  • Dashboard, Content Search & OCR feature

You can visit our website at https://www.volody.com to get a glimpse of our software. Alternatively, you can drop an email to connect@volody.in to schedule a date for a demonstration of our product. We are sure you will enjoy the product and usage of our product will definitely leave you hassle-free!

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