The document outlines 10 essential features of a contract lifecycle management (CLM) system: 1) easy access to stored contracts, 2) powerful reports and dashboards, 3) self-service capabilities for employees, 4) standardization of contract language and processes, 5) powerful workflows and approvals, 6) support for all enterprise contract types, 7) MS Word integration, 8) integrations with other systems, 9) e-signature integrations, and 10) artificial intelligence capabilities like clause and term recommendations. The CLM system provides a centralized repository for contracts with full-text search and role-based access, allows customization of reports and dashboards, and supports complex approval workflows.

1. 10 Essential Contract Management
(CLM) Features
Delivering Future of work…
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2. 10 Essential Features
1. Easy access to your stored contracts
2. Powerful reports and dashboards
3. Self-service to employees
4. Standardize contract language and processes
5. Powerful workflows and approvals
6. Support all enterprise contract types
7. Ms-word integration
8. Integrations
9. E-signature integrations
10. Artificial intelligence
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3. #1 – Easy Access to Your Stored Contracts
• Secure, scalable centralized repository for everyone
• Full-text search through all contracts
• Search results based on user’s roles and privileges
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4. #2 – Powerful Reports and Dashboards
• Intuitive dashboards for easy understanding of the data
• Ability to design your own configurable reports and dashboards
• Reports and dashboards using user’s roles and privileges
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5. #3 – Self-service to Employees
• Employees’ ability to create their own contracts based on
standard contract templates
• Employees will have access to contracts based on their roles
• Automatic contract routing based on certain terms or language
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6. #4 – Standardize Contract Language and Processes
• Ability to build and manage a library for clause and template
• Multiple versions of the clauses, i.e. primary clause, alternate
clause and fallback clause
• Ability to standardize the contracting process
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7. #5 – Powerful Workflows and Approvals
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• Ability to support organization’s complex workflow process
• Easily configurable, aka drag-and-drop, workflow process
• Serial, parallel, time-based workflows

8. #6 – Support all Enterprise Contract Types
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• Centralize all contracts of your organization instead of having
multiple contract repositories
• Ability to support buy-side, sell-side and corporate contracts
• Ability to set different processes, including different approval
processes, based on different contract types

9. #7 – MS-Word Integration
• Tool adoption is a breeze if users use familiar interface like MS-
Word
• Essential to store the contracts in centralized store directly from
MS-Word
• Ability to negotiate contracts, create clause library, creating
template library – all from MS-Word
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10. #8 – Integrations
• Contract Management system is always at the center of any
transaction
• CLM should equally integrate with procurement systems and
sales systems to flow the data effortlessly
• Integrated data across procurement/sales and CLM drives
compliance
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11. #9 – E-signature Integrations
• Supports integration with leading E-signature providers
• Seamless contract upload after contract signature
• Real-time status tracking of E-signature status
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12. #10 – Artificial Intelligence
• Clause recommendation
• Term recommendation
• Data extraction from 3rd party contracts
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13. Onward and Upwards
with Aavenir!
Thank You!
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Aavenir
e : contact@aavenir.com
w : www.aavenir.com