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What is OnitX Contract Lifecycle Management?

Take control of your contracts and reduce your organization's exposure to risk with Onit's Contract Lifecycle Management (CLM) software, which features cutting-edge generative AI that enables users to interact with contracts in a dynamic and adaptable way, revealing extraordinary capabilities. OnitX CLM transcends conventional contract management by empowering your organization and its various stakeholders to set their own contract outcomes, eliminating per-user licensing fees while delivering exceptional visibility and oversight. With the aid of a robust rules engine and contract metadata, you can create contracts with necessary clauses efficiently, minimize the number of templates you need to oversee, and ensure all users access the most current and precise language. This forward-thinking approach not only boosts operational efficiency but also encourages collaboration among different departments, guaranteeing that everyone remains aligned and informed throughout every stage of the contract process. Ultimately, by leveraging this technology, your organization can navigate contracts with confidence and agility, paving the way for smarter decision-making and improved outcomes.

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.

Media

Media

Integrations Supported

BusyLamp
Microsoft Word
Onit Catalyst for Contracts
Onit Catalyst for ELM
OnitX Enterprise Legal Management
OnitX Legal Holds Management
OnitX Legal Service Management
OnitX Legal Spend Management
OnitX Matter Management

Integrations Supported

BusyLamp
Microsoft Word
Onit Catalyst for Contracts
Onit Catalyst for ELM
OnitX Enterprise Legal Management
OnitX Legal Holds Management
OnitX Legal Service Management
OnitX Legal Spend Management
OnitX Matter Management

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

Onit

Date Founded

2011

Company Location

United States

Company Website

www.onit.com/contract-lifecycle-management/

Company Facts

Organization Name

Newgen Software

Date Founded

1992

Company Location

United States

Company Website

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

Categories and Features

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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