The new generation of contract lifecycle management
From drafting and negotiation to monitoring and renewal, Contract Manager streamlines operations using AI to extract key details from signed contracts. This ensures effective obligation management and boosts the value derived from contracts throughout the entire contract lifecycle.
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Your AI powered
co-pilot in
contract lifecycle management
10 Steps in detail
Pre-Signature/Matter Manager Steps
Step 1: Request a new contract
Submit your contract requirements directly through the portal, eliminating back-and-forth communication.
Step 2.1: Use our contract & draft a contract
Contract authoring tools provide templates, clauses and pre-approved language for creating contracts.
Step 2.2: Review a 3rd party contract & review risks
An advanced AI engine automatically reviews 3rd party contracts to identify risks, providing significant benefits for organizations.
Step 3: Collaborate and negotiate
Negotiate against the backdrop of identified risks and collaborate in real-time with multiple stakeholders.
Step 4: Online version control and track changes
Contract authoring tools provide templates, clauses and pre-approved language for creating contracts.
Step 5: Finalize & countersign contract
Integration with electronic signature platforms facilitate the signing and execution of contracts digitally.
Post-Signature/Contract Manager Steps
Step 6: Load contract into repository
Upload contracts into pre-determined repositories, ensuring that they are easily retrievable.
Step 7: Extract pertinent information and clauses
Leverage optical character recognition (OCR) and AI to automatically extract critical information.
Step 8: Automatic reminders for known events
Generate alerts based on extracted information, such as options to renew or termination dates.
Step 9: Proactively manage unknown events
Receive real-time notifications together with event monitoring and detection to continuously monitor contract-related activities and events.
Why wait?
Start training your AI co-pilot today. Book a demo of Contract Corridor to unlock the power of contract lifecycle management for your business.
Test Contract Corridor with your own contracts to see how you can save time, reduce risk, and accelerate deals and meet every legal obligation.