• 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




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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

All About That “Base” — or, how to understand Binary & Hexadecimal

Creating The Boss Fight! (Part 5: Animation)

Taking the lid off NEAR — 2

Migrating Git Repositories from Bitbucket to GitHub

CS371p Spring 2020: Varshika Pichela

Leetcode 8. String to Integer (atoi)

Many-to-many Active Record associations in Ruby on Rails

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store


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

More from Medium

How the Metaverse Will Change the Event Industry?

SpeaOn Meditation and the Unconscious: A Buddhist Monk and a Neuroscientist in Conversation

The One Where The Urban Policy Class Ends

Man City thrash Man United 4–1, rumours of rift between Ronaldo & Maguire, Cristiano Ronaldo…