TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    PM Modi Targets Mamata Government Over Misrule

    “Remove TMC, Save Bengal”: PM Modi Targets Mamata Government Over Misrule

    The Enforcement Directorate (ED) recently arrested Chaitanya Baghel, son of former Chief Minister Bhupesh Baghel

    Why Did ED Arrest Bhupesh Baghel’s Son? A Detailed Look at the Chhattisgarh Liquor Scam

    Rajiv Gandhi Buckled to U.S. Pressure in 1986 Cabinet Reshuffle

    Rajiv Gandhi Buckled to US Pressure in 1986 Cabinet Reshuffle: Nishikant Dubey

    Madras High Court Bars Nama Sankeerthanam in Residential Area

    Madras High Court Bars Nama Sankeerthanam in Residential Areas Without Collector’s Permission

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Successfully Tests Prithvi-II and Agni-I Ballistic Missiles

    India Successfully Tests Nuclear Capable Agni-I & Prithvi-II Ballistic Missiles in Odisha, Strengthens Strategic Deterrence

    Successful Test of ‘Akash Prime Air Defence System’ in Ladakh

    Successful Test of ‘Akash Prime Air Defence System’ at 15,000 Feet in Ladakh

    CDS Chauhan: India Needs Tomorrow’s Tech to Win Today’s Wars

    India Needs Tomorrow’s Tech to Win Today’s Wars, Says CDS Anil Chauhan; Urges Indigenous Tech Push

    India-U.S. Set to Strike Javelin Deal

    India Seeks Javelin Missile Co-Production Deal with U.S. Under ‘Make in India’ Push

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    TRF Ban a Win for India: Renewed Momentum to Greylist Pakistan at FATF

    TRF Sanctioned: Will Pakistan’s Terror Nexus Drag It Back to FATF Grey List?

    US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit,

    Pahalgam Massacre: US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit, Cites Trump’s Justice Call

    Baloch Insurgents Kill 29 Soldiers: Pakistan Army Losing Control in Balochistan

    Is Balochistan Slipping Away from Pak? 29 Soldiers Killed as BLA, BLF Launch Simultaneous Attacks

    Khalistani Sympathiser with Anti-India Stance: Jasmeet Bains

    Khalistani Sympathiser with Anti-India Stance, Jasmeet Bains Aims for California Congress Entry

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    PM Modi Targets Mamata Government Over Misrule

    “Remove TMC, Save Bengal”: PM Modi Targets Mamata Government Over Misrule

    The Enforcement Directorate (ED) recently arrested Chaitanya Baghel, son of former Chief Minister Bhupesh Baghel

    Why Did ED Arrest Bhupesh Baghel’s Son? A Detailed Look at the Chhattisgarh Liquor Scam

    Rajiv Gandhi Buckled to U.S. Pressure in 1986 Cabinet Reshuffle

    Rajiv Gandhi Buckled to US Pressure in 1986 Cabinet Reshuffle: Nishikant Dubey

    Madras High Court Bars Nama Sankeerthanam in Residential Area

    Madras High Court Bars Nama Sankeerthanam in Residential Areas Without Collector’s Permission

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Successfully Tests Prithvi-II and Agni-I Ballistic Missiles

    India Successfully Tests Nuclear Capable Agni-I & Prithvi-II Ballistic Missiles in Odisha, Strengthens Strategic Deterrence

    Successful Test of ‘Akash Prime Air Defence System’ in Ladakh

    Successful Test of ‘Akash Prime Air Defence System’ at 15,000 Feet in Ladakh

    CDS Chauhan: India Needs Tomorrow’s Tech to Win Today’s Wars

    India Needs Tomorrow’s Tech to Win Today’s Wars, Says CDS Anil Chauhan; Urges Indigenous Tech Push

    India-U.S. Set to Strike Javelin Deal

    India Seeks Javelin Missile Co-Production Deal with U.S. Under ‘Make in India’ Push

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    TRF Ban a Win for India: Renewed Momentum to Greylist Pakistan at FATF

    TRF Sanctioned: Will Pakistan’s Terror Nexus Drag It Back to FATF Grey List?

    US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit,

    Pahalgam Massacre: US Declares Pakistan’s Lashkar Proxy TRF a Terror Outfit, Cites Trump’s Justice Call

    Baloch Insurgents Kill 29 Soldiers: Pakistan Army Losing Control in Balochistan

    Is Balochistan Slipping Away from Pak? 29 Soldiers Killed as BLA, BLF Launch Simultaneous Attacks

    Khalistani Sympathiser with Anti-India Stance: Jasmeet Bains

    Khalistani Sympathiser with Anti-India Stance, Jasmeet Bains Aims for California Congress Entry

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

How to Choose the Right Contract Management System?

Vishakha Srivastava by Vishakha Srivastava
21 March 2025
in technology
How to Choose the Right Contract Management System?
Share on FacebookShare on X

A contract management system is a software solution to streamline and automate all the steps of legal contracts. It’s a tool for Contract Lifecycle Management (CLM) and is the solution to make an organisation efficient in contract management.

It eases the contracting process to create, negotiate, and renew existing business contracts. These also keep track of important deadlines, inform and update on clauses. Read this article to know the factors before choosing a solution for contract management.

RelatedPosts

No Content Available
Load More

What is a Contract Management System?

It is the process of managing the legally bound agreements from the contract initiation and up to the contract termination. Contract management software automates this entire process for an organisation.

Organisational employees with customised workflow can dynamically direct the legal documents throughout the contract lifecycle. Such software gives an overview of all contracts and also alerts when the expiration of key contracts is near.

Benefits of AI-Based Contract Management System

AI-based systems of contract management help in lowering manual efforts, and reduce errors in documentation. It helps in maintaining legal compliance to keep businesses safe from any legal issues. Further benefits of AI-based contract management are:

  • Helps in automating the document review process
  • Identification and assessment of risks
  • Automated clause extraction and categorisation
  • Eases up the deadline management
  • Easy search and retrieval of contract information

AI contract management software is accurate and faster and companies are adapting such software at a rapid pace.

Factors to Consider before Choosing the Right Contract Management System

Below are the factors to consider when choosing the efficient software for contract management:

1. Capability to Provide Technical and Software Solutions

Conduct in-depth research before confirming any contract management software. Get the information about how such software is automating the entire contract management. Look for features like search functions, clause libraries, and risk assessment capabilities.

Businesses can ask whether a contract management system has other features like a contract repository and compliance monitoring capabilities. Thus, companies should look for its adaptability for different business domains to better judge its capabilities.

2. Capabilities for Integration 

Businesses should choose software solutions that fit seamlessly with their existing ERP, CRM, and other tools. This ability to synchronising information cross-platform enhances its efficiency for data consistency and accuracy.

The integration capability also streamlines the organisational workflow and prevents manual data transfer between tools. Additionally, a smooth integration of a contract management system with the existing system can mitigate risks and enhance compliance.

3. Analytics and Reporting

Go for the contract management software that is capable of analytics and reporting. Contract reporting tracks and analyses the contracts and optimises contract performance. This helps in ensuring legal compliance, optimise vendor relationships, and better managing risks.

A lack of reporting capabilities can hurt the contract portfolio and might result in missed opportunities and financial losses. A contract management system with inefficient reporting slows down contract negotiations and the contract renewal process. Thus reporting capabilities come with a higher priority before choosing the software for contract management.

4. Data Security

Data privacy and security for contract data is an important factor. Thus, a fundamental requirement for contract management software is its data encryption facility. It is a primary defence system to protect sensitive and important information.

Ask how the management system is ensuring data security including access controls, and maintaining compliance with privacy regulation policies. Make sure the contract management system also has the role-based access control feature and is ISO 27001 certified.

5. Data Backup and Recovery

Data loss incidents can happen and result in enterprises losing vital contract data from their storage. To avoid such a situation, choose a system that has a robust data recovery feature. Businesses can lower downtime, disruption, and financial losses in data loss scenarios with efficient backup and recovery features.

Look for an automatic data backup feature in the contract management system to store contract data on the cloud. Regulations like GDPR, PCI DSS, and HIPAA mandate these features to protect information and maintain legal compliance.

Conclusion

The contract management system is an advanced solution for enterprises for seamless contract management. AI-based systems are better as they reduce manual effort and result in fewer errors. Its audit trail feature allows looking up the contract history in a single click which improves audit preparation.

Tags: AI-based CLMcontract management softwarelegal compliance automation
ShareTweetSend
Previous Post

Grabbing breasts or snapping a pyjama string does not constitute rape or attempt to rape: Allahabad High Court

Next Post

Brother of Kerala CM Vijayan’s aide, 9 CPI(M) leaders held guilty in BJP leader’s murder

Related Posts

Digital India completes 10 years
technology

Digital India Completes 10 Years: PM Modi Says It Has Evolved Into a People’s Movement

1 July 2025

On the 10th anniversary of the ‘Digital India’ initiative, Prime Minister Narendra Modi celebrated the programme as a monumental...

check how old your aircraft is
technology

Curious About Your Aircraft’s Age? Here’s How to Find Out in Under a Minute

29 June 2025

Ever wondered how old the plane you're about to board is? While most passengers are busy securing their seat,...

Troubleshooting LED Power Supply Issues: A Step-by-Step Guide
technology

Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

19 June 2025

LED lighting systems have become increasingly popular due to their energy efficiency, longevity, and versatility. However, like all electronic...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

India’s ULRA Bomber: 12,000-km Beast That Can Strike Anywhere Without Refueling

India’s ULRA Bomber: 12,000-km Beast That Can Strike Anywhere Without Refueling

00:07:39

The Shocking Truth About Mass Conversions in Tamil Nadu

00:07:26

The Butcher of Pahalgam: Sulaiman — Trained by ISI, Pakistan’s Commando-Turned-Terrorist

00:04:13

Congress’s Rohith Vemula Bill: Caste Polarization Masquerading as Reform

00:07:33

Bhima Koregaon Won’t Be Repeated; Maharashtra’s Special Act to Wipe Out Urban Naxals.

00:06:06
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited