Contract Management Software Accelerator

Contract management software helps organizations to create, store, and manage their contracts in a digital format. This system makes it easier for businesses to streamline their contract management process, especially when they work with multiple vendors across different geographies. We bring the re-usable & pluggable code base for integrate with the enterprise departments and workflow

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The usage of Contract Management Software is not just limited to managing contracts but also caters to managing vendor agreements, employment contracts, lease agreements, etc., It works like a centralized contracts repository that allows users to virtually access and manage them from anywhere with just the click of their mouse or a tap on their mobile device.

5Data Inc’s Contract Management Software accelerator comes with built-in features that include document storage and organization, contract creation, digital signatures, document retrieval, e-mail Integration, tracking, and monitoring, etc., Focused on a complete user experience, this accelerator is ready for be integrated with any of your document repositories on cloud or on-premise.

Contract management software adds value to businesses by streamlining their contract management process, saves time in monitoring the contracts, and ensures the documents are in compliance with legal requirements.

Features

Contract Creation

Easily create contracts using pre-built templates and customize the content to suit your business requirements.

Contract storage and organization

A centralized document repository is created to make the documents accessible to its users anytime, from anywhere, on any device.

Contract Workflow

Allows the users to go through an approval process before signing the dotted line. Easily collaborate with your legal teams to ensure the requirements are in place as agreed to.

Digital Signature

Allows the relevant stakeholders to sign the documents by quickly going through the documents digitally and placing their signatures in the right places.

Notifications

E-mail and Application based notifications, notifying about the signatories, and workflow completion.

Facilitate Negotiations

Allows the stakeholders to negotiate on the terms of the agreement/contract by giving relevant comments and streamlining the documentation transparently.

Tracking

Allows the stakeholders to track the contract workflow and ensure all the contracts are signed before the due date. The system also tracks expired contracts or contracts due for renewal.

Benefits

Easy Integration: The accelerator can be readily integrated with other softwares, such as CRM, ERP, and accounting software. Thereby reducing data entry errors and ensuring that all systems are working together seamlessly.
Contract Analytics: A customized dashboard helps you to analyze the performance of the contracts/agreements and track them to ensure workflow completion.
Software Updates: On-demand software updates allows the system to be upto the speed and market. Automatic updates are also available for few integrations.

Business illustrations by Storyset

Search and Filter

ATS Code accelerator is currently designed to accommodate manual filtration of resumes based on different filters like work experience, education etc.,

Applicant Status Update

Using ATS Recruiters can update the status of an application from interview to placement.

Email templates

Ready-to-setup e-mail automation with inbuilt templates ensures that all correspondence with candidates is consistent and professional as per your organization standards.

Advanced analytics and reporting

This allows you to generate detailed reports on job seekers, hiring trends, and other data.

Benefits

Easy Integration: To source resumes for a position the ATS accelerator can be integrated with multiple job portals through APIs that can help recruiters fetch the resumes as per requirement using smart search or classic search using boolean strings.
Streamlined Recruitment: ATS accelerator streamlines the recruitment process making it more transparent and effective. This also reduces the effort of screening and tracking candidates
Better Collaboration: ATS Accelerators have found to fast track the hiring process and allows for better coordination between the recruitment teams and the candidates.
Data Handling: ATS Accelerator helps you to easily upgrade yourself to handle thousands of resumes in short period of time.
Third Party Tools: ATS accelerator can be easily integrated into ERP/Vendor Management Software/Accounting Software for efficient management of vendors and candidates.
Data Driven Insights: ATS accelerator comes with built-in analytics and dashboard that allows the organization/recruitment teams to closely track the number of profiles sourced, positions closed and time-to-hire, diversity etc., thereby giving enough insight into optimizing their recruitment efforts.