Contract Lifecycle Management Software for the Automotive Industry

Zycus’ Enterprise Contract Management Software enables automotive organizations to streamline all contracting processes. It also helps to reduce risks and design a better compliance management framework:

• Draft, store, and access all contracts from within a centralized and digital repository
• Track contract data ensuring all quality compliance documents applicable to automotive industry (like those for ISO/TS 16949) are always valid
• Navigate through rising pollution, fuel costs and other demands across regions and governments through stringent contract compliance management
• Perform better risk management and / or jeopardy tracking caused due to evolving business models and assistive technologies acquired through suppliers
• Author all-inclusive contracts by leveraging pre-approved clause & template libraries. This addresses challenges posed by industrial trends such as autonomous cars.
• Establish standardized workflows with multiple reviewers and approvers, as required
• Track milestones, ensure enforcement of penalty clauses, and identify opportunities for vendor consolidation
• Maintain an audit trail for all the changes made to a contract
• Automate approvals via dynamic workflows so that multiple scenarios and hierarchies, along with out-of-office approvals can be enabled
• Slice and dice key contract performance metrics and access reports for greater end-result visibility