Contracts govern every penny that goes in or out of a business. When companies are equipped with the right contract management software to manage them, they can turn static document contracts into strategic assets. Contracts are dynamic documents that affect every part of your business. The growing importance of the role of contracts requires cross-functional transparency and collaboration on contracts. In our first release, we support Zoho CRM integration. Sales reps can initiate a contract from the corresponding section of a transaction record in CRM and track the contract status from CRM. We have several third-party integrations and integrations with other Zoho apps in our roadmap. Zoho Contracts will also be part of the Zoho One package. Today`s business landscape is more dynamic than ever: global supply chains are becoming increasingly complex, regulatory action is becoming more frequent, and distribution models are diversifying. More than ever, there is a need for a powerful CLM system that allows you to manage and get the most out of your contracts. Analytics: Administrators can make informed decisions by extracting actionable business insights from a variety of different contract data. Zoho Contracts includes more than 30 standard reports on various aspects of contract management.
The custom dashboard gives you a top-level overview of your business contracts at a glance. Keep track of your business contracts wherever you go. The Zoho Contracts iOS app has a custom mobile dashboard that gives you an overview of key contract metrics. The app also offers all the features you need when you`re not at your desk. Zoho Contracts gives us better control over our contracts through its impressive automated workflows. We were able to eliminate almost all human error. Zoho`s broad product portfolio, seamless integrations, and fast team support kept us going. Post-execution management: Zoho Contracts also supports the post-execution phases: modifications, renewals, renewals and terminations. It comes with predefined letter templates that are customizable for each of these steps. Traditional templates provide only one skeleton structure of the document, where members can contextually modify the content to make it complete. In Zoho Contracts, when a user modifies a contract by making changes to the contract, the generated change letter automatically captures the current changes as well as the entire contract history.
This virtual elimination of human intervention in document generation facilitates the lifecycle management of post-execution contracts. Enable your sales teams to get shorter sales cycles with Zoho Contracts. Sales reps can initiate new contracts and track their status directly from the transaction record in CRM. You can also ask the contract holder in Zoho Contracts to initiate negotiations and signatures without leaving the CRM. Creation: Our extensive library of predefined contract templates and the ability to create custom templates in Zoho Contracts make it easy to create contracts. The contract type templates and clause library in Zoho Contracts provide a structured approach to creating contracts. This saves a lot of time in the editorial phase and ensures linguistic consistency in all your contracts. Our document editor offers advanced document compilation features, as well as all the collaborative editing, contextual annotation, and fill-in field features available in Zoho Writer. This state of change requires digital contracts that are easily accessible and modified. With powerful contract management software, you can automate and streamline contract processes and unlock their true potential.
With CLM, legal teams can save a lot of time, which can then be invested in high-quality tasks. In a rapidly changing business landscape with the development of technology: Contextual Engagement Section: Non-compliance with contractual obligations is one of the critical risk factors for a company. Failure to comply with obligations can have adverse regulatory and financial consequences and has also led the organization to face damaged business relationships. In Zoho Contracts, all obligations related to a contract can be tracked and managed directly in the “Obligations” section of that contract. The entrepreneur may assign obligations to the respective contractors and send them reminders. Administrators can track the real-time progress of these commitments using bond-based reporting. Get hands-on experience on how Zoho Contracts can positively change your legal processes by signing up for our free trial. To learn more about pricing, visit our price and edition comparison pages. Administrative settings: Administrators can structure the contract lifecycle process by configuring the clause library, contract type templates, contract letter templates, and approval workflows for contract types. Activity, access, and audit logs provide a better overview of activities across the enterprise. While adding appropriate clauses, such as compensation and limitations of liability, can reduce risk at the individual contract level, only a holistic contract management process designed to mitigate risk can really make your business risky.
Security and data protection are important components of our software. We store customer data in our own private data centers and each data exchange is fully encrypted. Keep track of all user activity in your CLM. Better visibility into enterprise-wide activities allows you to create processes that enforce compliance. All activities performed by users at these levels are tracked chronologically. The follow-up at the phase level tells the contract owner whether the people involved in that phase have received the email notification, viewed the document and performed the planned action with the timestamps. We are pleased to announce the launch of Zoho Contracts, Zoho`s approach to contract lifecycle management (CLM). With this launch, we`ve taken a new step in Zoho`s journey to provide software solutions to power an entire business in the cloud. To our already impressive arsenal of functions such as sales and marketing, finance and human resources, we are now adding a whole new category: law. Activity Tracking: Zoho Contracts tracks activities at three different levels: Zoho Contracts enables you to shorten contract cycle times, minimize business risk, and improve contract governance. .