Key Challenges of a Contract Management System
Lexcomply Contract Management System Offerings
Repository of Key terms 01
Tracking of renewal dates 02
Integration of Teams 03
Centralised Repository 04
Reminders & Escalations 05
Editing of Key terms 06
Updation of modified contracts 07
Management Dashboards 08
Lexcomply Contract Management System Key Advantages
- Maintain all the contracts in Digital Mode and get rid of the Hardcopy. It's more easy and secure and eco friendly.
- Never miss any contract renewal. Get auto-reminders for all expiring contracts with the Interval of 30 Days, 15 Days and followed by 7 days.
- Secure all the revisions of the contract terms/duration. The versions will be created for every revision made, helping you to analyse every iteration.
- Separate login for the Contract Drafter / Approver / Head of the dept. with a defined set of functionalities.
- Approval and Rejection of contract by FPR. The contract will go to respective dept. for update and further submitted for approval.
- Provision to manage the contract for Multiple Companies under Parent Company.
- Allocate user as FPR / HOD etc. based on a contract. Users are independent of the designation and can attain multiple roles as well.