Kick-starting Contract Success: Contract Corridor first step in requesting for Compliance Professionals

In the world of risk and compliance, managing contracts efficiently and accurately is a necessity. It's where every successful agreement begins - the Request and Draft phase. This critical stage can set the tone for the entire contract lifecycle, and with Contract Corridor you can ensure this phase is conducted with utmost precision.

Contract Corridor for the Contract Request:

The initiation of any contract starts with a request. As a Microsoft Gold Partner, Legal Interact which powers Contract Corridor has managed to automate this step by giving stakeholders multiple options to submit their contract request, this is done in the following ways:

• Microsoft Teams
• Microsoft Outlook
• Web front interface

By allowing stakeholders to submit contract requests directly through our system. It helps in standardizing requests, eliminating potential errors, and ensuring faster turnaround times.

Drafting Contracts with Precision:

Drafting the contract is where Contract Corridor shines. With pre-approved templates and clauses, and our ability to search clauses in our clause library, they ensure consistency and compliance within any organisation. Additionally, Contract Corridor is equipped with intelligent features that guides risk and compliance professionals through the drafting process, highlighting necessary clauses and minimizing the risk of oversight.

Reviewing Potential Risks:

In the initial stages, Contract Corridor allows for efficient risk detection. By systematically reviewing contract terms, it helps identify potential contractual risks, and allows professionals to manage them proactively, thus safeguarding the organization from potential legal disputes or losses. Getting off on the right foot with contracts is vital for risk and compliance professionals. With Contract Corridor, you can streamline the Request and Draft phase, reduce risk, and ensure your contracts comply with regulations, setting the stage for contract management success. Speak to one of our experts today to find out more here +27 11 719 2000, info@legalinteract.com or book some time with us here: SPEAK TO US.