Streamline the contract lifecycle, from managing clauses and templates and enabling seamless integration with other systems. Minimize risks of business losses and penalties by deftly and flexibly managing contracts and clause updates. Furthermore, facilitate contract archival, based on the renewal lead-time, and easy retrieval.
Features of Newgen Contract Management Software
End-to-end Contract Management
End-to-end management, including contract authoring, review, registration, renewal, termination, and request for an addendum to the contract
Managing different contract types
Clause Management
Auto-fetching of latest clauses based on the contract type and generation of a contract draft
Routing the edited clauses to the owners for review
Template Management
Generation of templates for recurring contracts
Management of third-party templates as supporting documents
Central Repository for Secure Contract Archival
Rights-based access to the repository for information security
Alerts and notifications for renewals
Performance Monitoring
Identification of any major gaps, key contracts that may have expired, and other risks
Compliance with contractual obligations by tracking performance and payment obligations
