Compare Volody CLM vs. Newgen Contract Lifecycle Management

Volody CLM

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Newgen Contract Lifecycle Management

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What is Volody CLM?

Volody’s AI-powered Contract Management Software delivers an end-to-end solution that transforms how organizations manage contracts by combining automation, AI, and seamless collaboration tools. Its AI and machine learning capabilities analyze historical contract data to suggest optimal clauses, maintain tone consistency, and simplify the review process, minimizing legal risks. Users can draft contracts efficiently using pre-approved templates and collaborate in real time through familiar editors like Google Docs and Microsoft Word. The platform offers dynamic dashboards and detailed reporting features that give stakeholders full visibility into contract lifecycles, milestones, and obligations. Automated workflows accelerate contract approvals by reducing bottlenecks and ensuring all stakeholders are aligned, while maintaining comprehensive audit trails. Volody’s obligation management system sends timely reminders to reduce risks related to missed deliverables or renewals. The software integrates smoothly with industry-leading tools, including DocuSign, AdobeSign, Salesforce, Zoho, and Google Forms, streamlining contract execution and data accuracy. Hosted securely on AWS, Volody supports global enterprises with scalable, reliable infrastructure. In synergy with the Agiloft Data-first Agreement Platform, Volody enhances contract lifecycle efficiency by providing advanced AI-driven clause suggestions, risk analysis, and compliance tracking. Together, they empower businesses to accelerate contracting, improve compliance, and gain actionable insights that drive smarter decision-making.

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.