The drafting of any contracts kicks off with a request from the business party explaining the overall requirements for a particular project or deal. CLM-AURA helps companies with pre contracting phase where a contract request is made with right information and requirements. After the request the process deals with the actual authoring of contract. After drafting the contracts will be reviewed and negotiated before signing.
All companies will have an inventory of already existing contracts to be handled securely and efficiently. CLM-AURA helps companies with the post contracting phases like changing a pre existing contract and compliance/governace of the pre existing contracts.
CLM-AURA helps companies with comprehensive reporting and data extraction. Reporing phase helps companies to assess and stay clear of the common pitfalls associated with manual handling of contracts.