Managing corporate contracts effectively involves not just the authoring and archiving processes, but the routing, review and approval processes that so often cause delays in critical situations.
The NextDocs Contract Management solution enables the use of contract templates and a clause library to accelerate contract creation, and adds workflow capabilities to route draft documents to everyone involved or required for review and approval. Once approved, contracts are managed securely with associated notifications for obligations and renewals.
The result is a simple-to-use but highly-effective environment for allowing collaboration throughout the contracting process. Core capabilities of the solution include:
- Contract template management
- Review and approval workflows with notifications and tracking
- Clause library
- Amendment management
- Automated obligations and renewals notifications