WHO 

• Teams managing legal, regulatory, or commercial contract risk

• Organizations needing consistent, auditable contract processes across departments

• Professionals aiming to digitize contract workflows and reduce manual effort without sacrificing oversight

INDUSTRY

Legal services, financial services, insurance, pharmaceuticals, professional services

DEPARTMENT 

Legal, compliance, procurement, sales, human resources, operations

OUTCOMES

• Centralize and streamline your entire contract lifecycle
• Improve contract accuracy and compliance
• Boost stakeholder satisfaction and engagement
• Cut time and resources spent on contract management
• Focus on strategic initiatives rather than admin tasks

Contract management with Neota offers unparalleled flexibility, efficiency, and a seamless digital experience for all parties involved. Streamline your contract lifecycle from creation to execution, ensuring accuracy and compliance at every step.

Automate contract creation, review, and approval processes with predefined logic or incorporate human oversight for complex agreements or negotiations.

Design your contract workflows to be as straightforward or intricate as needed. Effortlessly add clauses, set approval hierarchies, and trigger alerts for milestones or renewals.

The Challenge

Contract management can be a time-consuming and error-prone process.

Traditional methods often involve manual drafting, tracking, and approval, leading to delays and compliance risks.

For businesses, effective contract management is crucial for operational efficiency and risk mitigation.

Inefficient processes can lead to contractual misunderstandings, missed opportunities, and legal disputes.

Solution

Stakeholders can initiate contracts using digital templates, streamlining the drafting phase.

Employ rules and logic to automate the review and approval process, while allowing for human intervention in complex or high-stakes contracts. The exact workflow can be customized to meet your specific requirements.

Use a centralized dashboard for transparent contract tracking, status updates and real-time insights, facilitating trend analysis, strategic decision-making and contract optimization.

Key features 

1. Comprehensive, tailored contract creation:
   Craft your contract, no matter the complexity. We support all levels of nuance whether at the word, clause or page level, ensuring each contract is crafted with precision and compliance.
2. Dynamic contract negotiation:
   Negotiate on your terms. Choose counterparty negotiation options such as fallback clauses or free text negotiation, online or offline, to align with your business needs—enhancing flexibility and streamlining efficiency.
3. Flexible, adaptable process automation:
   Need to adjust for new regulations or business requirements? Quickly edit workflows in our intuitive design environment, without downtime.
4. Customizable design themes:
   Take full control of your contract process design with our customizable design themes. Tailor your interface with unique branding and themes that reflect your company's identity to ensure a cohesive and branded user journey.
5. Cohesive system integration: 
   Connect with existing databases, document management and customer relationship management systems, and any other tool via Rest API. We ensure your contract management process is fully integrated with your existing operational ecosystem, boosting efficiency for smoother, unified operations.
6. Tracking and data-driven insights:
   Enhance your contract management process with our dashboard designed for efficient tracking, rerouting, sending reminders, overseeing renewals, and more. The data-rich dashboard provides actionable insights by analyzing contract data, highlighting areas for improvement.