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What is contractSILO?

Efficient Contract Management for SMBs & Freelancers Small to medium-sized businesses (SMBs/KMU) and freelancers often face contract chaos: scattered files, missed deadlines, and laborious manual tracking. contractSILO is an intuitive web solution designed for non-legal users in Germany and globally, replacing this administrative burden with streamlined control. Centralize all your contracts in one secure, easily searchable digital vault. This unified repository ensures everyone accesses current information and effectively minimizes business risk. Our intelligent AI Scan feature, using OpenAI technology, analyzes uploaded contracts (like PDFs or Word documents) and automatically extracts key data: critical dates, involved parties, monetary values, and important terms. This dramatically cuts down on manual entry, reduces errors, and saves significant time. Stay informed with automated alerts for crucial deadlines, renewals, and notice periods. This helps prevent unwanted auto-renewals, ensures compliance, and aids timely negotiation. We prioritize your data security; contractSILO utilizes premier German data centers (ISO 27001 certified) and adheres fully to GDPR standards, providing complete peace of mind. Integrate financial tracking directly with your contracts. Monitor associated values, manage multiple currencies with simple consolidation, and track related cash flows (income/expenses) for clearer budgeting. Enable secure team collaboration using role-based permissions for appropriate access. Utilize built-in reporting tools to gain valuable insights into your contractual landscape. Get started easily with our capable Free tier, or explore all premium features risk-free with a 14-day trial – no credit card required. Choose contractSILO today for secure, user-friendly, and financially transparent contract management designed for your needs.

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.