USA
Belgium
France
UK
Australia
India
Singapore
Think It Over: An average company loses 9.2% of their bottom line due to ineffective Contract Management.
Contract Challenges
Long Sales/ Procurement Cycles
Missed Payments, Renewals & Obligations
Compliance Issues
Data Leakage
Lack of Contextual Insights
Innova Smarter Contracts is a SaaS-based, AI-powered end-to-end enterprise Contract Lifecycle Management (CLM) platform. It leverages the power of AI to democratize contract authoring and establish robust post-signature contract management practices.
End-to-End CLM Functionalities
- Contract Authoring
- Template & Clause Library
- Guided Requests
- Chat + Collaboration
- Deviation & Versioning
- Clause-level & Exception Approvals
Contract Repository
- Smart Search
- Legacy Contracts
- Document Control
- Records Management
Data Extraction
- Clause Extraction
- Metadata Extraction
- Tabular Data Extraction
- Contract Management
- Obligation Tracking
- Contract Performance
- Task Management
- Reminders & Alerts
- Amendments & Changes
Contract Analytics
- Custom Dashboard
- Milestone Tracking
- Clause Intelligence
- Consumption Reports
- Customer & Vendor Insights
Enterprise Integrations
- Outlook & Word
- e-Signature
- ERP
- CRM
- P2P/S2P Suites
Innova Smarter Contracts Edge
Shortened Contract Cycle
Risk Reduction
Compliance Enforcement/Monitoring
Fully integrated with Microsoft365
Microsoft Dynamics and Salesforce
Why Innova Smarter Contracts?
End-to-End CLM Platform
Enterprise Grade Offering
- Facilitates collaboration across functions such as legal, sales, procurement, and financeEncompasses all contract types and acts as a repository of all your legacy contracts
- Provides insights on contract templates, clauses, and exceptions for better control and compliance
SaaS Platform & Quick Implementation
Built on a robust IBM architecture and is highly configurable
AI-powered with NLP & OCR Capabilities
- Quick and accurate review of contract and extraction of key metadata including tables, obligations, and clauses
- Natural language search across the repository with intelligent filters
- Tracking of multiple contract versions and deviations between versions
- Risk assessment and score for clauses
Recent Successes
Streamlined Procurement Contracts Using Robust AI Technology
One of Asia’s largest retail and logistics companies, with 100M registered consumers buying from over 100,000+ suppliers improved contract
management. The solution fulfilled the authoring, storage and analytical requirements of the client.
Improving Compliance and Accelerating Customer and Vendors Contracts
A digital company with 10,000+ clients and presence across industries spread over three continents. The solution improved compliance, standardized business processes, and multiplied oversight while minimizing dependency on legal teams.
Innova Solutions Differentiators
Decades of CLM automation experience
In-depth technical expertise in IBM
Global Delivery Capabilities
World-class Implementation and Support
