Contract Insights

One-stop solution to streamline your end-to-end Contract Management

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?

descriptionA long, tedious and paper-based contracting process
account_balanceManaging contractual compliance, legal and commercial obligations, and SLA/KPI vendor performance management
editPotential leakages in standard contract terms
groupStaying ahead of renewals, expiries and end-to-end contract management to keep negotiation power intact
searchLack of a detailed view of financial, legal & performance insights and risks from legacy and signed contracts
mailAbsence of single repository of contracts with difficult to track the redlining, approvals and agreed deviations to standard contract terms as it done over the emails

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

mailShorten the sales cycle and boost revenue

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.

descriptionNegotiate better deals

 

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.

visibilityTrack vendor performance

 

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.

paymentsExtensible Contract and Commercial Lifecycle Management(CCLM)

Achieve cost savings, reduced cycle times & regulatory compliance with fully auditable processes, coupled with the highest level of data security with CCLM.

account_balanceMinimize operational and compliance lapses

 

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.

check_circleError-free invoice generation / validation

 

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.

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