Why contract lifecycle management matters more today?
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Contract Lifecycle Management (CLM) Services
Our contract lifecycle management services can help you attain your goals - enforcing compliance, leveraging volume discounts, effectively managing obligations, reducing contract risks and chances of litigation, as well as reduce your time-to-contract. We can help in optimal utilization of your lpo contract and leverage business-critical information, negotiated into contracts, through our contract lifecycle management software. As one of the trusted contract lifecycle management companies, Infosys BPM leverages advanced CLM technology to extract business-critical information from contracts, reducing manual effort and improving governance.
Why choose us for Contract Lifecycle Management (CLM) Services?
Infosys BPM stands out among contract lifecycle management companies by offering:
- Resources having expertise including legal and IT.
- Contract Intelligence - Use of deep learning techniques, AI-based Contracts Analysis etc.
- Process-centric trainings are provided, and their knowledge base is constantly gauged. Rigorous training from LPM Center of Excellence (COE).
- Global Delivery Model enabling multi-language support-both onshore and offshore.
- Infosys BPM’ multi-tiered project workflow and multiple checkpoints at every stage of the project provides complete control on the quality and assures consistency.
Contract Management Software Offerings
Infosys BPM provides tailored contract lifecycle management solutions designed to help businesses optimize contract workflows. To help you achieve a higher level of performance, domain experts at Infosys BPM LPM will assess and document your current processes, interview your stakeholders, and evaluate your level of automation. We provide recommendations for process improvements – based on your unique set of business requirements and best-in-class benchmarking in contract management processes. By leveraging advanced contract management solutions, businesses can improve operational efficiency and reduce contract-related risks.
Contract lifecycle management services
Our contract management service offerings empower your teams to do more with less at each stage of the contract lifecycle. This will help free your teams from repetitive administrative tasks, which can represent as much as 30% of their time, allowing them to focus on contract renewal strategies.
Contract Creation and negotiation
- Draft, redline, and negotiate agreements which are high in volume and less complex using our CLM solution.
- Create and maintain standard template agreements and contract clause libraries to streamline the contract process.
Contract Execution and approval
Prepare and distribute all necessary documentation for internal approvals and ensure contract execution.
Post-contract administration
- Abstract and upload contracts into the contract repository with supporting documentation.
- Perform contract repository management – create files, alerts, renewals, and generate reports.
- Document, track and report contractual obligations to ensure compliance with the contract data requirements.
- Perform risk analysis deviation from standard terms, regulatory compliance, revenue recognition, and liability exposure.
- Due diligence around merger and acquisition (M&A).
Assess value and risk with the abstraction of key terms
- Administer the integration of incoming contracts with systems, processes, and standards to automate the contract process
- Conduct analysis for renegotiation
Technology for Contract Management
- Leverage Big Data, Machine Learning, NLP and Automation for Contract Management
Contract Management Services
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