Preferred Contract Lifecycle Management Software for Retail Companies Worldwide
Agile and compliant contracting for Retail Companies
Retail is evolving fast, demanding brands to anticipate and adjust to consequent legal implications. Today’s primary challenge revolves around safeguarding customers’ data and complying with the laws governing this data’s storage, usage, and transfer. Furthermore, online and brick-and-mortar retailers are embracing emerging technologies and applications to provide a more multi-channel customer experience. And these advancements come with their own set of legal risks and uncertainties. Zycus, a 3rd time in a row leader in the Forrester WaveTM Contract Lifecycle Management is ideally positioned to help Retail companies with their evolving contracting needs.
Contract Management Challenges in the
Retail Industry
Changing laws
pertaining to the storage, handling, and transfer of customer data.
Foray into emerging
technologies such as metaverse, AR, and advanced applications puts retailers in previously unchartered legal territory
Growing concerns
around sustainability and ESG laws, accompanied by changing customer sentiment.
Volatile economic
landscape trends such as inflation, resulting in cash-flow disruptions can compromise obligations to vendors and investors
How we solve your business challenges
Analyze contract
data to identify trends, risks, and opportunities and make data-driven long-term decisions
Get real-time visibility
into contract portfolio to monitor contractual obligations, identify potential risks and manage vendor relationships
Easily access
and manage all supporting and regulatory documents with contracting parties to ensure 360-degree visibility and complete regulatory compliance
Integrations
AppXtend
Fetch raw material prices from third-party index and augment third-party supplier data provider
iRequest
Fast-track contract creation by originating contract initiation process directly from a sourcing event
InstaReview
Get complete visibility into potential risks in contracts along with suggestions to mitigate them to achieve 100% process compliance.