Contract Lifecycle Management (CLM) Software
Take control of your contracts and gain valuable insights with CloudCube. Easily tie costs, obligations, and risks back to your PPM while keeping track of benefits.
End to End Contract Lifecycle Management (CLM)
It is widely reported that poor contract management can cost organisations 9.2% of their revenue on average. Get your hands around your contract data and minimise your risks with CloudCube.
Details that can be tracked for all contracts:
Some of the Benefits of Going Digital with Online CLM in CloudCube
A Centralised Book of Records
By centralising your key Contract data sets and renewal processes in one application, not only will it be more efficient to engage with and mange the data, but contract details will also connect to other key data sets, such as PPM. This will give your organisation a clear view of spend, renewal timelines, risks and obligations. This will reduce the efficiency drain arising from manual efforts needed to monitor renewals and review contract positions.
With integrated data, dashboards, and reporting, the effort to manually review contract positions and renewal timelines is significantly reduced. Reminders keep users up to date on when things are coming into scope for review. Switching to a digital process means that any changes made in the system update across the board instantaneously; therefore keeping all departments in sync and working of the same dataset.
Analytics & Reporting
With in app calendar views, dashboards, and fully customisable reports, CloudCube’s CLM will give you a holistic view on all your active and in-draft contracts. This helps highlight the exact data you need, as well as upcoming items that need attention. As a result of integrated data, you can measure the success of your contracts while also flagging improvements that can be made. Your legal teams will be free to focus on their jobs with executive reporting handled with a click of a button.
Digital CLM in CloudCube gives you complete control over who can access files and records. This gives you greater control over your IP and over any sensitive company/client data. No one can access information in CloudCube unless authorised to do so. CloudCube uses only best in class cloud infrastructure. This means utilising industry recognised and trusted security assurances and services including advanced threat protection, DDoS protection, and key vault. If you’d like to find out more you can get in contact.
Companies can build up a library of reusable contracts; these are used to easily create new, editable records that are changed as required. This can greatly save the time it takes to create new contracts. Users have the ability to clone a live contract and update it to suit new needs. These newly created drafts can then go through a companies approval process. The reporting functionality exports newly created drafts to Word/PDF.
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