Legal Contract Management Software

The contract lifecycle management system is a digital solution that is designed to streamline the creation, storage, and management of contracts. It provides the legal team with automated solutions to organize the contract lifecycle easily. Additionally, it assists in-house teams in:

- Creating templates and drafting standardized multi-language NDAs with the help of AI.

- Storing everything securely, from contracts, letters, to agreements in one document repository.

- Contract Management Software for Legal Departments has built-in e-signature integration to effortlessly sign, track, and manage contract signing in real-time with a detailed audit trail.

- Setting a calendar reminder for drafting, reviewing, or renewals of contracts. Get automated reminders for all important dates with the help of Contract Management Software for Legal Departments.

- Contract management platform helps teams in staying compliant with role-based access and two-factor authentication, while relying on ISO-certified infrastructure.

There are numerous contract management solutions available, but here’s what makes MatterSuite stand out:

- AI-Powered Drafting: Contract lifecycle management software generates contracts in seconds for in-house legal teams. Create standardized NDAs and templates with the help of AI.

- Centralized Cloud Storage: Eliminate the hassle of fragmented files, store contracts, letters, and agreements with one document repository and cloud-based storage.

- E-Signature: Built-in e-signature integration to effortlessly sign, track, and manage the contract signing process in real-time with a detailed audit trail.

- Multi-Language Contracts: Generate multi-language NDAs and fill the needs of your global clients. Bridge the language gap and easily collaborate globally.

- Offline Access to Contracts: Export all contracts, agreements, and NDAs in PDF form to work on them offline and share them.

- Automated Renewal Reminders: Set calendar reminders for drafting, reviewing, or renewal of contracts.

- Role-Based Access: Ensure all the in-house team data is protected by giving only limited access to files and information.

- Collaborate with outside counsel, review their drafted contracts, and give them limited access to documents for editing and reviewing.

A legal contract management software is designed for an in-house team to help them in organizing the whole lifecycle of the contract on a centralized contract management platform. Some of its key features are mentioned below:

- Generate contracts and NDAs, templates in multiple languages with AI in seconds.

- Store all contracts, documents, and agreements with centralized cloud storage.

- E-signature to instantly and securely sign on contracts, letters, and other essential documents.

- Track every action on contracts, and keep a record of who made changes with audit trails.

- Role-based access protects data from being tampered, avoiding data breaches by having full control over who can access documents.

- ISO certified infrastructure to ensure compliance and secure data with enterprise-grade security.

Contract management is a process of managing every aspect of the contract lifecycle from draft to completion. It includes drafting, securing a signature, tracking deadlines, and ensuring perfect execution.

It automates workflow, contract management while reducing manual errors and meeting compliance standards. In short, contract management helps in-house teams to operate smoothly and efficiently by providing full visibility and control over every stage of the contract.

Almost everyone who deals with contracts uses a legal contract management system. Here‘s who benefits the most:

- General Counsel/Chief Legal Officer: Use legal contract management software to centralize drafting, automate approval, and ensure compliance with industry standards.

- Deputy General Counsel: Manage day-to-day contract workflow, create templates, collaborate easily, and sign contracts through e-signature.

- Legal Operation Manager: Contract management solution eliminates errors by using an all-in-one contract management platform to automate tasks, like reminders, reports, and multi-language NDA generation.

- Corporate Paralegal: Generate employment contracts or vendor contracts in seconds with AI. Store everything in the cloud repository, export contracts as PDFs for offline use, and securely share them through a client portal.

Yes! MatterSuite incorporates enterprise-grade security to protect sensitive data. Providing control access through SSO and two-factor authentication, the legal in-house team can rely on ISO-certified infrastructure. Contract management solution offers on-demand certification to assure the safety and security of all matter-related data.

There are various reasons why you need a legal contract management solution:

Reduce Cost: A contract management platform can improve the process of negotiation, which saves resources and reduces cost.

Save Time: Legal contract management software can save time by automating the process of contract lifecycle management from start to finish.

Mitigate Risk: The software comes with compliance management features that reduce risk of non-compliance.

Improved Visibility: With detailed insights and analytics, contract management software provides you complete visibility over your contract process.