Insufficient contracting processes can leave an organization vulnerable to significant legal and financial risk.
Gimmal Contract Management can shape your business’s contracting process to maximize value and efficiency while taking steps to eliminate various sources of risk.
- Stay on top of autorenewals and take advantage of incentives offered in terms by automating terms execution and standardizing your clause library.
- Make the entire contract lifecycle transparent, collaborative, and clear with central storage, standard clauses, and advanced reporting.
- Assign granular access rights by user or group to ensure contracts and associated data are secure while improving collaboration with centralized review.
- Gimmal partners with the most secure hosting providers to reduce your cost and burden on your IT organization and can deploy on-premises if needs require so.
Decrease your legal investment while increasing efficiency and agility of legal staff. Gimmal Contract Management provides preconfigured and customizable document templates and a standard clause library to introduce greater control over process while streamlining contract creation. Microsoft Word-based wizards, in combination with templates and standard clauses, automate contract creation, standardize basic agreement stipulations, and empower non-legal staff to draft contracts. A flexible contract repository holds a contract relationship hierarchy and supports over 300 file types (including PDF, Microsoft Excel, and Microsoft Word).
Gimmal Contract Management offers rich standard reports with advanced analytics and flexible, easy-to-create custom reports to provide comprehensive visibility into the full contract lifecycle.
Gimmal Contract Management includes a central repository that provides unified management of and centralized visibility into all contracts. OCR technology facilitates the import of existing contracts (or contracts on a counterparty’s paper), digitizing them and making them fully searchable. Contract obligation tracking and milestone alerts provide notifications of key events and actions. These alerts can be manually created or configured to execute automatically based on trigger dates and/or task completions.
Leverage the provided full audit trail to track all changes and actions against contracts and related documents. Gimmal Contract Management supports Sarbanes-Oxley and other compliance mandates.
Gimmal Contract Management allows you to implement rules-based contract review and approval workflows, enabling documents and action items to be routed to the appropriate users or roles. Out-of-the-box access roles allow for the granular assignment of user access by contract and document type. With full document management that supports check-in and check-out, versioning, auto-filing, auto-numbering, and auto-naming, Gimmal Contract Management takes the confusion out of redlining and enhances collaboration capabilities.