• Customer satisfaction (delivery and operations)
  • Contracts management
  • Contracts auditing
  • Legal compliance
  • Delay in revenues
  • Financial auditing and related strategies
  • Vendors/suppliers onboarding
  • Renewals and amendments
  • Enterprise efficiency
  • Non-standardized legal language and templates
  • Exclusion of significant clauses
  • Unavailability of centralized contracts or artefacts (on or off cloud)
  • Unaligned business processes within the organization
  • Unavailability of a single dashboard or report which showcases the status of the contracts
  • Dependency on manual processes
  • Inadequate visibility and actions
  • Non-integrated process with backend / ERP fulfilment systems
  • Missing obligation management workflow
  • Absence of regulatory compliance processes
  • A limited collaboration among various functional teams
  • Contracts analysis (manual, digital) — This helps in understanding the scope and volumetric in both sell-side and buy-side processes
  • Contracts centralization — This makes contracts accessible anytime and anywhere; it also helps in swift auditing and regulatory compliance
  • Contracts migration — This provides a single source for all contracts
  • Defining business processes with automation — This helps in restructuring the repetitive and tedious processes into a simple workflow; it also reduces bureaucracy
  • Defining responsibility and performance metrics including SLAs — This prioritizes, motivates, and controls people at all functional segment levels (like sales, legal, finance, operations) to work on activities within the stipulated time to avoid delays in a collaborative manner
  • Develop smart contracts — This encourages functional teams to use pre-approved legal templates (sell-side and buy-side), legal clauses, and playbooks, self-service contracting wizards, and Microsoft Word integrated contracts (for easy negotiations including beginners) and aids in importing third-party documents in the contract repository
  • Leverage Artificial Intelligence — This helps enterprises to reduce manual errors, reduce cycle time and controls process flows with appropriate approvals and notifications process flows
  • Integrate with other systems — This reduces inter-system dependencies and helps obligation management
  • Zero code — This helps the admin team to configure the system with easy clicks and no-code
  • E-Signature setup — This provides the flexibility of e-signature which helps in avoiding delays in the manual signature process and scanning errors

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LTI is a global technology consulting and digital solutions Company helping more than 420 clients succeed in a converging world. With operations in 32 countries

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lntinfotech

lntinfotech

LTI is a global technology consulting and digital solutions Company helping more than 420 clients succeed in a converging world. With operations in 32 countries

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