Legal, Risk & Compliance

Software for Legal, Risk & Compliance

If individual departments are allowed to drive their own contracting processes there are a number of complications that result: –

  • The Legal Department has to deal with tens or hundreds of different contract creation, approval, storage, renewal and commitment management processes.
  • Legal has to review every term and clause in every contract, because there is no system to enforce standard terms where appropriate and no contract lifecycle management.
  • There is little or no understanding of enterprise risk, lost revenue or cost savings opportunities from not having enforced contract standards.
  • There is no central contract repository across organizations – legal and business professionals waste a lot of time searching for the most up-to-date copies of contracts.
  • There is little or no visibility into cross functional overlap around products, customers, and business partners, for example buying and selling to the same company as both a customer and supplier.

Contracts may contain risk elements such as significant contract value, contingencies, and long-term commitments. It is an absolute requirement to be able to track and report on these risks. Key contractual commitments must be pro-actively monitored with alerts and notifications being sent to the respective individuals within an enterprise.

Our suite of software solutions provide answers to all these issues and more.

See it for Yourself

Book a demo

Trusted By