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What is SimpliContract?
Key Advantages:
- Accelerated Revenue Generation:
Experience a significant 40% decrease in the time required for contract creation, leading to faster revenue realization as only 18% of the sales cycle is allocated to contracting.
- Cost Savings:
Minimize revenue leakage, which can account for 9% of profits, while achieving a streamlined expenditure with a reduction of 10-12% in costs.
- Enhanced Compliance:
Lower risk exposure, representing 2% of yearly expenses, complemented by real-time insights into contracts that bolster compliance efforts.
- Comprehensive CLM Solution:
Utilize a single platform that seamlessly integrates the functions of legal, sales, and procurement teams.
- Rapid Implementation:
Achieve a simplified contracting process across the organization in a mere three months.
Features:
• Tailored functionalities designed to address the distinct needs of both the buying and selling aspects of contracts.
• Sophisticated Reporting Capabilities.
• Management of contract authoring, templates, and clause libraries.
• AI-driven (NLP) contract analysis, metadata extraction, and advanced search features.
• A centralized contract repository alongside efficient document management.
• Streamlined collaboration and approval processes for contracts.
• Monitoring of contract milestones and obligations.
• Effective management of renewals and expirations for contracts.
• Centralized desk for controlled access to essential data.
• Compatibility and integration with various enterprise systems for enhanced efficiency.
This comprehensive approach ensures not only cost savings but also a smoother contracting process across all departments involved.
What is Obligationflow?
Aavenir Obligationflow empowers organizations by offering a thorough overview of their contractual obligations with various parties, such as customers, suppliers, and service providers, utilizing AI-enhanced contextual search technology. This cutting-edge solution enables companies to swiftly pinpoint crucial contract commitments while promoting collaboration among essential stakeholders through a streamlined digital workflow. Moreover, users can monitor compliance effectively through the integrated Obligationflow dashboard within ServiceNow. The platform also allows for the seamless import of all active contracts from Aavenir Contractflow or any other contract management system, transforming how businesses identify, manage, and meet obligations that may otherwise be hidden due to complex contractual language. By ensuring compliance with all contractual duties, organizations can significantly reduce legal, financial, strategic, and operational risks. Furthermore, the platform's ability to create tailored workflows and tasks ensures that obligations are met on time, with the assistance of automated reminders that promote accountability. This forward-thinking strategy not only improves compliance processes but also cultivates a culture of reliability and transparency throughout the organization, ultimately leading to enhanced trust among stakeholders. Such an approach highlights the importance of proactive management in maintaining robust business relationships and achieving long-term success.
Integrations Supported
Adobe Acrobat Sign
Coupa
Docusign
Google Cloud Operations Suite
Google Workspace
Leegality
Microsoft Dynamics 365
NetSuite
Oracle CRM On Demand
Oracle Fusion Cloud ERP
Integrations Supported
Adobe Acrobat Sign
Coupa
Docusign
Google Cloud Operations Suite
Google Workspace
Leegality
Microsoft Dynamics 365
NetSuite
Oracle CRM On Demand
Oracle Fusion Cloud ERP
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
SimpliContract
Date Founded
2020
Company Location
United States
Company Website
simplicontract.com
Company Facts
Organization Name
Aavenir
Company Location
United States
Company Website
aavenir.com/contract-obligation-compliance-management-on-servicenow/
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