Leverage Contractflow’s enhanced contracting capabilities along with MS Word’s contract review & authoring functions: https://aavenir.com/contract-negotiation-and-redlining-using-microsoft-word-plugin/

1. Contract Negotiation and
Redlining using Microsoft
Word Plugin

2. Challenge
Most contract managers use Microsoft Word to
redline, compare versions and highlight the
important contract language while the contract
negotiation phase.
Is there a smarter way to let both the parties focus
on creating value at the bargaining table and get
on the path to a mutually beneficial agreement?
2

3. “
Ineffective contract management
costs businesses up to 9.2% of
revenue

4. 6 Common
Contract
Negotiation
Challenges

5. Challenge #1
Most contract negotiations processes are entirely
offline and manual which cause elongated contract
cycle times
5

6. Challenge #2
Employees generally author and store contracts
locally which leads to lack of visibility with
contracts lying in discrete repositories.
6

7. Challenge #3
No version control system creates rework and
errors which affects the efficiency of high skilled
employees who spend most time on administrative
tasks.
7

8. Challenge #4
Adding new language into contracts also adds
approval steps which increases time and exposure
to risk.
8

9. Challenge #5
Difficulty in enforcing standards results in maverick
contracts, noncompliance and significant legal risk.
9

10. Challenge #6
Pressure to close deals becomes an unintentional
incentive to compromise on contracting standards,
resulting in damaged reputation.
10

11. Aavenir Contractflow’s
Microsoft Word Plugin
• Draft or Create Contracts
• Import third-party Contracts
• Negotiate Contracts with redlining
• Translate commercial terms
• Eliminate errors and duplication
• Avoid mismatches or delays
• Seamless integration
11

12. Get Free Resources
Contract Review &
Negotiation
Checklist
Free Download
Assess Contract
Management ROI
Test Drive
Contractflow
Know About
Contractflow
Check Other
Resources
12
Annual
Calculate ROI
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13. Our S2P Product Suite on ServiceNow
13
Annual
Visit: www.aavenir.com

14. Delivering Future
of Work
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