Newgen Contract Lifecycle Management vs. Arteria AI

Optimize and automate the entire contract lifecycle, encompassing initiation, drafting, negotiation, execution, and expiration phases. This strategy will afford your organization total visibility over all contracts, leading to improved compliance, minimized risks, and increased employee efficiency. Leverage our automation tools for smarter contract drafting and diligent tracking of contract details. Implement streamlined workflows for key processes like contract creation, review, registration, renewal, termination, and modification requests. Evaluate results from public spending to guarantee that payments correspond with established performance indicators. An escalation matrix, seamlessly integrated from the client’s active directory, will clearly define the escalation hierarchy. Moreover, maintain a comprehensive clause repository that captures vital information on contract clauses, including clause ID, name, and textual content, to support effective contract management. This all-encompassing strategy not only boosts operational productivity but also ensures all stakeholders remain informed throughout every stage of the contract lifecycle, facilitating collaboration and accountability. In doing so, your organization will be better positioned to manage contracts effectively and drive overall success.

The time-consuming and expensive contracting processes have now become a thing of the past. Rather than enduring the hassle of pulling data from your contracts, you can start your journey with data to quicken your revenue generation. Your inputs and information are automatically converted into draft documents, utilizing a variety of templates and numerous permutations. Adopting a data-focused strategy instills confidence in your negotiations. Arteria integrates your playbooks and past agreements to boost both efficiency and effectiveness. Whether you require a single approval or need to manage hundreds, Arteria Flow offers real-time insights into your document statuses. This tool assists approvers in moving through the approval stages quickly and efficiently. With Arteria Analyze, you can promptly detect and resolve bottlenecks, identifying which clauses are most often negotiated or escalated, thus speeding up the contracting timeline. Additionally, even older contracts and third-party documents may hold essential information that can be used strategically. By employing state-of-the-art AI technology, you can extract this important data and uncover actionable insights that may refine your overall approach. These innovations promise to make your contracting experience smoother and more efficient than it has ever been. As you embrace this transformative technology, you can expect a more agile and responsive contracting environment, ultimately driving better business outcomes.