|
Benefits
Reduce cycle time
Lecorpio contract
management automated manual tasks through sophisticated workflows and reduces cycle
time to process new requests.
Reduce risk
Lecorpio contract management reduces the risk of losing revenue owed to the
company due to missed deadlines, unnecessary renewals etc., by providing
proactive event and time based notifications and reminders.
Improve performance
Streamline frequent administrative processes with a rapid speed-to-approval
process and comprehensive self-service capabilities.
Understand productivity
Gain real-time analytical insight into the productivity and performance of the
entire process to improve decision-making.
Boost employee satisfaction
Empower employees with advanced self-service capabilities that allow them to
view the real-time status of their requests, who is reviewing it at this time
and important provisions etc.
Manage budget
Better resource and budget allocation, monitoring and control. Review invoices;
Monitor any gaps between budgets and actuals received via invoices; remove
revenue leaks.Capabilities
Centralized repository
Lecorpio contract management provides a centralized repository to manage all
relevant information which ensures that each authorized participant has the
latest and accurate information about third parties and contractual
relationships.
Commitment management
Commitments such as payment terms and dates, milestones, events, and other
calls-to-action that generate workflow are monitored and managed by the system.
1. Time-and event-based triggers
2. Term management
3. Notification through email, pager or any data medium
4. Automated routing and approval
5. Manage any commitment type
6. Be notified of renewal dates or any milestone
Payment terms management
Corporate legal can easily manage complex contracts, the payment structure is a
function of many variables, including revenue generation, unit volume,
discounts, advances, guarantees, and many others. You can keep track of simple
or complex calculations associated with the payment of license fees. In
addition, automatic notifications are triggered before due dates or before
variable milestones are achieved, such as a certain amount of revenue.
Task management
Corporate legal department can capture important tasks and activities to manage
the contract maintenance process. Each party in the critical path is notified
when they are needed to perform a task, and alarms are triggered if delays
occur.
Document management
The system provides the capability to search and attach related documents such
as term sheets, revisions, appendix etc.
|
1.408.850.7260
