Improving the contract initiation and authoring process for requestors to achieve efficiency and productivity gains
Track contract versions and access the negotiation history even after complete execution of contract
Organizing global sales and vendor agreements, vendor NDAs, etc to reduce time spent searching for contract information
Optimize the contracting process of manually fed third party papers through electronic collaboration
For simplified contract request mechanism for multiple types and subtypes & defined 100+ internal templates with standard clauses
Enables users within StoneX to maintain contract audit trails and compare versions for efficient negotiations during renewals
Allows clean categorization, provides central overview of contracts, easy to drag and drop executed contracts into folders or sub-folder
Efficient tracking of contract terms, dates, statuses and set alerts for important milestones such as renewals and expiries
Speedy and accurate conversion of all the necessary legacy contracts into CLM format with NLP algorithms and OCR integration
Performs a quick search based on metadata and contract terms within seconds for a scale of thousands of contracts
User adoption scaled 5x to 500+ active users within 11 months of Zycus iContract go-live across Sales, Procurements and Legal
Empowered the stakeholders with standardized templates & workflows which increased accountability and removed redundancies
1000s of contracts have been authored, amended, and securely stored in Zycus CLM’s centralized repository for quick retrieval
Increased collaboration and productivity within StoneX with simplified and automated contract initiation process
Significantly reduced search time for key contract information through the fast and advanced search capabilities
