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SEAL for Contracts Management

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  • SEAL for Contracts Management

Monitor and access all your contracts and associated documents like never before

SEAL for Contracts Management is a cross industry solution that offers control and visibility over all your contracts and supporting documents during their entire lifecycle using full paperless operations. Every single contract is stored, categorized and can be easily and securely accessible from anywhere using any device for a new level of productivity.

Challenges:

  • Multiple silos of contracts spread and differently managed across many departments in the company;
  • Long time for finding a contract and all associated documents (addendums, invoices, reception notes);
  • Team collaboration on contract information is difficult, not traceable and requires long meetings;
  • Contracts events like invoicing, expiry dates and renewals, are sometime forgotten, generating financial lose and business continuity disruptions;
  • Decentralized security of contracts can often conduct to vital information leaks;
  • Contracts up to date status is obtained with delay and mistakes;
  • Contracts and associated events can be consulted only on premise in custom application, without tools for mobility like BYOD.

SEEING IS BELIEVING!

Schedule a demo now to experience how SEAL can reduce your costs, transforms efficiency, enhances compliance, and boosts performance. Discover the significant impact our solutions can have on your business today!

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Business implications:

  • Lack of visibility between internal stakeholders;
  • Unsupervised spending by buyers and overcharging by suppliers;
  • Unwanted/unnecessary automatic renewal of products and services;
  • Inability to verify if payments and deliverables are accurate and timely;
  • Hard to analyze actual against planned contracted spending;
  • Difficulties tracking accounts payable, which includes inability to enforce discounts and time-consuming & complex rebate calculations;
  • Incapacity to monitor effectiveness of contract management in terms of cycle time and contract quality (deliverables against plan, profitability, competitiveness);
  • Significant losses in time and resources due to inefficient contract authoring, editing, negotiating and monitoring.

Solution Overview

SEAL for Contracts Management streamlines the entire process of contract creation, approval and retention so you no longer need to worry about complex related activities. Working on contracts with full paperless workflows, aplying an electronic signature and leveraging artificial intelligence to cut down data entry builds up towards an amazing user experience that starts from day one.

How it looks

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Solution benefits

  • Radically lower administrative and legal costs with managing contracts;
  • Reduce risks with a central repository for all contracts across all departments in the company enforcing a global enterprise wide contract management governance;
  • Increased efficiency by using pre-validated templates for contracts creation together with electronic signature and workflows for contracts approval;
  • Increase revenue by using automated reminders, notifications and alerts to enable accounts receivable/payable personnel within an organization to invoice for all services rendered;
  • Collect/avoid penalties and charges where applicable leading to revenue increase;
  • Consolidate spending efficiency by improving visibility and communication between stakeholders from internal staff without compromising security;
  • Reduce bottlenecks using state of the art automation and notification system throughout the entire contract life cycle;
  • Team collaboration on electronic contracts with traceability improves work performance, satisfaction and quality of decisions;
  • Increased security of contracts information. Dynamically secure the information by giving access based on each contract characteristics;
  • Real time and accurate up to date status of contracts generates support for right business decisions;
  • Mobility empowering users to access information when and where is needed generating thus quick and consistent business decisional support;
  • Minimize the risks when working with paper and avoid losing contracts and associated documents.

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Product proudly developed by Axivant
At Axivant, we are at the forefront of digital transformation, seamlessly blending advanced content services with automation, intelligent document processing, and efficient SaaS delivery. As a global technology company with proprietary software platforms, we are committed to revolutionizing the management and automation of unstructured content, driving unparalleled efficiency and innovation.
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