Contract Management
Overview
Addressing contract management issues head-on, Imperium Contract Management offers a comprehensive solution to streamline processes with unparalleled efficiency. Our platform allows you to seamlessly import, process, and edit contracts, while leveraging AI chatbot technology to interact with your contracts in a conversational manner. With Imperium Contract Management, review contracts, execute negotiations effortlessly, and get real-time insights into key performance indicators (KPIs). Our designed solution empowers you to take control of your contracts with confidence and ease.
With Imperium Contract Management
Review, Approve and Execute
70%
Reduced Friction in Contract Signing
80%
Reduced Contract Signing Lifecycle
66 minutes
Less Required in Contract Review
Use Cases
Centralizing all contracts in a secure digital repository for easy access and retrieval.
Streamlining the process of creating new contracts, including templates and approval workflows.
Facilitating collaboration among stakeholders during contract negotiation, with version control and change tracking.
Managing the signing process and ensuring compliance with legal and regulatory requirements.
Tracking contract obligations, monitoring expiry dates, and managing renewals throughout the contract lifecycle.
Talk To Your Contracts!
Revolutionize contract management with an AI chatbot seamlessly integrated into the platform. Powered by an OCR model, it swiftly scans contracts, capturing every detail with precision. This chatbot isn't just any virtual assistant – it's your contract expert.
Ask it anything, from a quick summary to intricate details, and it delivers with ease. But it doesn't stop there. It goes a step further, offering insightful suggestions on how to enhance contracts for optimal outcomes.
Now, you can literally talk to your contract, ushering in a new era of contract management efficiency and innovation.
Contract Processing Flow
Manage inbound and outbound contracts. Create contracts from scratch or manage the imported contracts from email activities for processing.
After creation and import, all contract details are mapped onto custom contract templates and are editable throughout contract management.
Outbound contracts are uploaded on SharePoint/OneDrive to monitor changes. Multiple versions of a single document can be created to ensure versioning and tracking.
Mail the contract to all parties involved, i.e., internal and external stakeholders, for review and feedback.
All the parties involved can negotiate their desired clauses.
Upon the conclusion of negotiations, the contract is pushed to the approval stage, where both parties approve of all or any changes made. An external reviewer can electronically sign the documents. Adobe and DocuSign are also enabled in case the reviewer has subscriptions available to them.
The signed contract is in place, and both parties involved are liable to fulfill the defined obligations.
Create or Import
Manage inbound and outbound contracts. Create contracts from scratch or manage the imported contracts from email activities for processing.
Initiate
After creation and import, all contract details are mapped onto custom contract templates and are editable throughout contract management.
Upload
Outbound contracts are uploaded on SharePoint/OneDrive to monitor changes. Multiple versions of a single document can be created to ensure versioning and tracking.
Internal & External Review
Mail the contract to all parties involved, i.e., internal and external stakeholders, for review and feedback.
Negotiation
All the parties involved can negotiate their desired clauses.
Approval
Upon the conclusion of negotiations, the contract is pushed to the approval stage, where both parties approve of all or any changes made. An external reviewer can electronically sign the documents. Adobe and DocuSign are also enabled in case the reviewer has subscriptions available to them.
Execution
The signed contract is in place, and both parties involved are liable to fulfill the defined obligations.
Business Benefits
Enhanced Efficiency
Contract management software speeds up the entire contract lifecycle, slashing manual work and boosting productivity.
Compliance Management
By centralizing contracts and automating workflows, it ensures adherence to legal requirements, reducing risks and penalties.
Reduced Costs
Optimizing contract terms and vendor performance leads to savings, and smarter spending decisions.
Enhanced Visibility
Real-time insights empower better decision-making and proactive risk management.
Contact Us
Book a consultation call with us to see how you can streamline and automate contract management.
Contact Us