All-in-one contract lifecycle management

The execution of a contract is the formal process of signing the agreement, which makes it legally binding. Steps include:

• Signing: All involved parties begin with signing the contract—in person, electronically, or through other authorized methods.
• Contract delivery: The signed contract is then delivered (physically or digitally) to all parties.
• Implementation: The contract's terms come into effect once executed where parties are required to fulfill their contract obligations. 
• Recordkeeping: The executed contract is securely stored for future reference, compliance, and resolution of potential disputes.
   

Contract negotiation automation takes you from slow negotiations and endless back-and-forth to faster deal wrap-ups and compliant, error-free contracts. Automation transforms the way you work by:

• Speeding up negotiation cycles: Free up your team’s time by automating repetitive tasks like approvals, clause selections, and document redlines. Close deals in record time and focus on what matters most.
• Staying compliant with every contract: Meet your industry’s legal requirements easily with pre-approved templates and clause libraries.
• Reducing risks in third-party contracts: Protect your business with AI tools flagging risky clauses and difficult-to-locate issues.
• Making teamwork seamless: Break down silos with real-time collaboration tools. Keep your legal, sales, and procurement teams aligned and moving forward together.
• Tracking progress: Stay in control with dashboards that monitor timelines, milestones, and document versions. Nothing gets lost, and everyone stays informed.
• Standardizing your contracts: Bring order to contract chaos. Create consistent agreements with rules-based workflows while still allowing flexibility for unique client needs.
   

Absolutely! Adapt Conga CLM to your unique contract negotiation workflow with:

• Conditional fields and clauses: Create contract templates with conditional clauses and fields that modify based on contract type, jurisdiction, or business unit.
• Customizable dashboards and reports: Track relevant contract metrics and KPIs.
• Integration-friendly platform: Connect Conga with your existing tech stack, such as Salesforce or Microsoft Word.

Conga’s contract negotiation software has a smooth implementation process for your team with extensive support and training resources, including:

• Dedicated onboarding team: Onboard with assisted setup, integrations, and customizations.
• Ongoing training programs: Access live training sessions and webinars to keep your team updated on contract negotiation skills, tools, and best practices.
• Robust customer support: Choose from various support plans to handle technical issues or questions, with a knowledge base for self-service help.

Conga Advantage Platform can manage high contract volumes efficiently with:

• Flexible infrastructure: Grow without switching vendors as the Conga platform handles increasing contract volumes without compromising speed or performance.
• Efficient workflows: Automate processes and reduce manual effort, even with high transaction volumes.
• Advanced reporting: Analyze contract performance at scale with detailed reporting features that track metrics like approval time, cycle time, and negotiation duration.

Conga prioritizes data security across each stage of contract management by following stringent security standards:

• End-to-end encryption: All contract data is encrypted both at rest and in transit, making it secure at every stage.
• Role-based access controls (RBAC): Only authorized users have contract access, with permissions set for viewing, editing, or approving based on role.
• Audit trails and compliance: Every action on a contract is logged, creating a detailed audit trail.
• Third-party security compliance: Conga adheres to ISO and SOC standards and undergoes regular audits to maintain high-security benchmarks.