Overview

Optimize Every Stage of your Contract’s Lifecycle with GenAI Powered Contract Management Solution. Unify your contracting process. Zycus iContract integrates seamlessly across the entire CLM lifecycle and beyond, empowering every team – from authoring and negotiation to execution and renewal. Manage any contract, at any stage, from anywhere.

Benefits

Intelligent and Effortless Authoring

Faster Contract Initiation & SOW Generation Initiate and manage contract requests directly within your familiar MS Teams environment. Automatically generate Statements of Work (SOWs) from existing Master Service Agreements (MSAs) and pricing information Risk-Free Contract Creation Never miss a critical clause again. GenAI powered clause suggestions recommend clauses based on contract type, industry standards, and best practices. Additionally, get centralized library of pre-approved templates and clauses Clause Extraction with Field Profiling Tailor contracts to your specific needs. Easily add custom fields, clauses, and questions directly within the platform Comprehensive Multi-Party Authoring Facilitate seamless collaboration during contract drafting and negotiation. Facilitate real-time co-authoring with internal & external stakeholders, ensuring all parties are aligned throughout the process ROI: Zycus iContract empowers authors to create accurate, compliant contracts faster and more efficiently and ensure all contracts meet your specific requirements

Negotiate Faster, Negotiate Smarter

Smarter Contract Negotiations Leverage GenAI-powered insights to inform your negotiation strategy. Gain valuable data on industry benchmarks, pricing trends, and common negotiation points for your specific contract type and supplier Real-Time Redlining with MS Integration Negotiate seamlessly with a familiar interface. Leverage the MS Word plugin for real-time redlining and collaborative editing GenAI-Powered Negotiation Assistant Gain a strategic edge at the negotiating table. Zycus utilize GenAI to deliver data-driven insights and recommendations for optimal negotiation terms Flexible Workflows with Serial & Parallel Review Adapt your review process to your needs. Zycus iContract supports both serial and parallel review capabilities. Ensure efficient collaboration and expedite consensus building ROI: Negotiate like a pro, make informed decisions, and secure the best possible terms for your contracts

Seamless Collaboration for Faster Results

Real-Time Collaboration Enable efficient contract co-creation and review with parallel editing capabilities. All the users including suppliers, contractors, 3rd party vendors can work on the same document simultaneously accelerating TAT Streamlined Approvals with AI Design custom workflows that route contracts to the right people at the right time. Get automated alerts and reminders ensuring timely approvals Inline Clause Management Effortlessly suggest, insert, and remove clauses directly within the document. This intuitive functionality simplifies clause management and ensures all parties are working with the latest version Instant Clause Search Quickly locate specific contract terms and conditions with clauses using a user-friendly & powerful text search ROI: Zycus iContract fosters seamless collaboration throughout the contracting process, helping you to achieve faster approvals, and accelerate deal closure

Efficient Contract Performance Tracking & Renewal

Proactive Contract Risk Management GenAI analyses contracts to highlight risky clauses and suggest actionable mitigation strategies. It additionally analyses contract workflows and identifies bottlenecks, delays, to accelerate contract completion Data-Driven Renewal Decisions Gain valuable insights into contract performance with automated summaries. Get GenAI based recommendations for optimal renewal or termination decisions based on performance metrics Automated Obligation Tracking and Alerts Automatically track obligation fulfilment and get timely alerts for any delays or missed deadlines Streamlined Rebate Management Never miss out on earned rebates. AI identifies potential rebates based on contract terms and automatically generates alerts when they become due for encashment ROI: Zycus iContract empowers you to take full control of your contracts maximizing financial benefits and streamlining the entire contract lifecycle

Features

Clause suggestions and risk identification Identify potential risks and ensure contract language is up-to-date and effective Automated data extraction Extract key data points from contracts for faster analysis and reporting Business term insights and industry benchmarks Gain insights into industry trends and ensure your contracts are aligned with best practices Obligation performance tracking and insights Monitor contract performance and identify areas for improvement Auto-renewal and bulk amendment creation Simplify contract renewals and amendments with automated workflows Supplier online editing and parallel edit Facilitate seamless collaboration with suppliers for faster contract turnaround