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What is Newgen Contract Lifecycle Management?

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.

What is Komtrakt?

Komtrakt, developed by Lexplosion Solutions, serves as an all-in-one software platform for managing contracts, designed to enhance the entire lifecycle of contracts through efficient workflows and timely analytics. This innovative tool features an extensive range of functions, such as a web-based contract repository that is organized hierarchically, version management, proactive alerts, and monitoring of obligations, while also allowing multiple users to collaboratively review documents in real-time. Furthermore, users have the flexibility to create and edit contracts both online and offline, and the software incorporates auto-archiving, detailed reporting capabilities, along with a robust search feature to quickly find contract information. By centralizing the storage of contracts and reducing the time required prior to execution, as well as effectively tracking crucial milestones, Komtrakt helps organizations mitigate risks associated with contracts and enhance their governance frameworks. It also facilitates the tracking, escalation, and reporting of contractual obligations and internal duties, positioning it as an essential asset for any business aiming to improve its contract management processes. Moreover, the software’s ability to search through any text within contract documents significantly boosts its usability and overall efficiency, making it an indispensable tool for organizations striving for operational excellence.

Media

Media

Integrations Supported

Microsoft Word

Integrations Supported

Microsoft Word

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Newgen Software

Date Founded

1992

Company Location

United States

Company Website

newgensoft.com/solutions/enterprise-service-management/contract-lifecycle-management/

Company Facts

Organization Name

Lexplosion Solutions

Date Founded

2007

Company Location

India

Company Website

lexplosion.in/products-services/contracts/komtrakt/

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

Categories and Features

Contract Management

Buy Side (Suppliers)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management

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