Contract Insights
Contract Insights Tool
A PwC India product
Imagine a world with seamless management of large contract volumes, a standardised contracting process, no revenue-cost leakages and robust analytics for key insights.
Say hello to Contract Insights: PwC India’s SaaS-based platform to address end-to-end contract lifecycle needs. Digitise and streamline all phases of the contract lifecycle for sales, procurement, and all other enterprise contracts on a well-integrated, Machine Learning-powered platform.
Top contract management challenges that keep leaders awake at night - do these sound familiar?
Say hello to Contract Insights: PwC India’s solution for end-to-end contract automation and management
The Contract Insights solution comprises three modules for the entire contracting lifecycle - Contracting, Digitisation and Performance.
Contracting
Authoring and Negotiation
Flexible, configurable workflow
Allow business users to design and automate complex agreement processes to eliminate bottlenecks and automate manual handoffs.
Seamless document generation
Create preconfigured templates that auto-populate contracts with data from other systems and approved language.
Fosters collaboration
Send contracts for review, track changes across multiple versions, and maintain a single source of truth for who did what, when.
Contract Repository
Centralized & Searchable repository
Store, tag and organize contracts in one searchable place with granular permission controls. Increase oversight and find contracts faster.
Access Management
Access controlled cloud repository to allow users to access & manage their contracts.
Digitisation
Contract Analytics
Contract OCR and Deduplication
Multiple contracts (PDF/DOC files) converted into OCR versions in one go, and replica documents identified automatically
Contract Classification and Hierarchy
Auto-classification of contracts based on predefined document types, and identification of parent-child linkages
Abstraction and Machine Learning
Tool learns on-the-go,observing the manual abstraction input Objective as well as logical abstraction of clauses and other commercial and legal information is automated
Performance
Obligation Management
Contract Administration
Track renewals, report on deliverables & obligations, manage amendment & change orders and more.
Vendor Performance Management
SLAs/KPIs validation, RCA tracking and reporting, service credits & earn backs and vendor governance.
Analytics and Reporting
Business Intelligence Dashboards
Detailed dashboards with real time insights into bottlenecks, aging and cycle times and generate reports on rejected and overdue obligations
Financial Management
Analytics around the ERP masters, Invoice validation and reconciliation between actual transactions and contractual data.
Rich integrations
Prebuilt connectors and rich APIs enable the tools you already use. Pull in data, e Signature, BI reporting and more.
Authoring and Negotiation
Flexible, configurable workflow
Allow business users to design and automate complex agreement processes to eliminate bottlenecks and automate manual handoffs.
Seamless document generation
Create preconfigured templates that auto-populate contracts with data from other systems and approved language.
Fosters collaboration
Send contracts for review, track changes across multiple versions, and maintain a single source of truth for who did what, when.
Contract Repository
Centralized & Searchable repository
Store, tag and organize contracts in one searchable place with granular permission controls. Increase oversight and find contracts faster.
Access Management
Access controlled cloud repository to allow users to access & manage their contracts.
Contract Analytics
Contract OCR and Deduplication
Multiple contracts (PDF/DOC files) converted into OCR versions in one go, and replica documents identified automatically
Contract Classification and Hierarchy
Auto-classification of contracts based on predefined document types, and identification of parent-child linkages
Abstraction and Machine Learning
Tool learns on-the-go,observing the manual abstraction input Objective as well as logical abstraction of clauses and other commercial and legal information is automated
Obligation Management
Contract Administration
Track renewals, report on deliverables & obligations, manage amendment & change orders and more.
Vendor Performance Management
SLAs/KPIs validation, RCA tracking and reporting, service credits & earn backs and vendor governance.
Analytics and Reporting
Business Intelligence Dashboards
Detailed dashboards with real time insights into bottlenecks, aging and cycle times and generate reports on rejected and overdue obligations
Financial Management
Analytics around the ERP masters, Invoice validation and reconciliation between actual transactions and contractual data.
Rich integrations
Prebuilt connectors and rich APIs enable the tools you already use. Pull in data, e Signature, BI reporting and more.
Use cases - how Contract Insights can transform your contracting lifecycle
Salespeople can keep closing deals while on the road with one-click contract creation & automated approval processes integrated with email, SMS, & e-signature. Instantly generate sell-side documents like proposals, MSAs, etc. with full Salesforce integration.
Ensure contract compliance to corporate standards as well as language consistency and appropriateness with a digital repository, clause library, and configurable business rules engine. Facilitate negotiations with a secure, permissions-based vendor portal.
Keep a tab on supplier performance against service level agreements & contract obligations. Get visibility into opportunities and risks with customized reports & automatic alerts for spend, expirations, compliance, and more.
Achieve cost savings, reduced cycle times & regulatory compliance with fully auditable processes, coupled with the highest level of data security with CCLM.
Overcome the risk of different or outdated versions of contracts being utilized by the contract users, since only the latest contracts are digitized for each of the contracting parties.
With all the commercial information covered in the contracts digitized in a clear & concise manner, the risk of subjective interpretation is mitigated, and the probability of invoicing errors/misses significantly reduced.
Integrations with Contract Insights
Bringing the best of partnerships for your organisation
Indicative Commercial Model
Rates will be tailored as per local territory.
Implementation fee unless specified would be additional.
Any customization to the standard offering will be charged on a case by case basis.
Contact Us
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