Infosys BPM offers complete procurement and contract management solutions. Our contract management methodology focuses on delivering value through improvement in contract compliance and cycle time reduction. We manage all aspects of contracting, including solicitation, creation, negotiation, administration, and maintenance.
We have the domain expertise to address process and workflow improvements, the resources to provide contracting
support services, and professionals to offer consultation and advice through our strong LPO practice
to:
- Track progress of reviews and approvals of master agreements, statements of work, contract, contract
amendments, other agreements, and related contractual collateral among reviewers and approvers, provide
timely reminders and ensure closure
- Review contracts for completeness of documentation as per client’s policies and appropriate legal input
- Perform low-to-medium complexity contract development
- Secure signatures on various required documents
- Store and organize contracts in the appropriate contracts management systems according to mutually agreed
procedures
- Maintain all relevant contracts database structure, files, meta-data, and other relevant information,
including but not limited to termination or expiration dates and renewal or extension terms
- Initiate and fully own the completion of new, potentially complex contract material using client provided
templates
Infosys BPM NIA for Contract Analysis
Uses artificial intelligence and Natural Language Processing for moving towards smarter contract management to assist in contract authoring, break down contract into sections / clauses, show the percentage match with a reference contract, predetermine clause based on regulatory needs tailored to different geographies, auto-recommending critical clauses, and more.
