Experience the future of Contract Lifecycle Management
ContractRoom provides organizations with an end-to-end, innovative CLM solution to realize revenue faster, optimize savings, and mitigate risk.
Optimized CLM drives quicker results
Mitratech’s ContractRoom transforms a complex, inefficient contract lifecycle into a profit-optimizing asset for your organization.
With it, you’ll create a hub for all contract activity that provides exceptional online negotiation capabilities, deeply automated document assembly, and enhanced workflow automation. Easily manage contracts from the initial request through post-execution.
Now legal and business professionals get enterprise-level insight into obligations, opportunities, and risks at a moment’s notice.
The benefits of advanced contract lifecycle management
ContractRoom transforms the contract lifecycle for your entire organization.
- Reduce staff effort by automating and streamlining how contract requests are submitted.
- Drive standardization by retaining and re-using proven standard clauses, language, and negotiation strategies.
- Reduce time spent in contract creation with automated document assembly tailored to each engagement.
- Generate informative reports and analytics in seconds rather than hours or days.
- Streamline online access for non-legal internal users and third parties for contract review.
- Share work across different geographic locations via an intuitive user experience.
- Notifications direct users to the right place at the right time within a contract lifecycle.
- Let users search and locate contracts instantly across a single unified repository.
Gain more control
- Unify oversight within a single hub for monitoring all agreements from creation through review and approval.
- Reduce risk through granular governance of what’s negotiated, when, and by whom.
- Know the organization’s pre-approved contract language is being enforced automatically.
- Mitigate poor outcomes through automation of the contract approval matrix.
- Gain deeper insights into contract obligations, entitlements, contingencies and risks, so teams can develop strategies to optimize financial performance.
- Benefit from future enhancements incorporating AI Machine Learning and Natural Language Processing techniques into the contraction operation.
- Speed the negotiation and execution of contracts by 75% to recognize revenue faster.
- Track key dates and send automated notifications to involved parties to ensure obligations and milestones are met, such as renewals.
- Know how to identify third-party risks around contracts as a fundamental part of a revenue protection strategy.
- Understand if your negotiations are in compliance with contractual expectations, and how to improve them over time.
- Mitigate risk in rapidly changing regulatory environments.
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