CONTRACT MANAGEMENT SYSTEM (CMS)
SARN Legal’s Contract Management System uses an AI based technology where the system tracks the expiry of all the Contracts, Agreements, Statement of Works including the Lease agreements or any such long-term agreement which has a life span and ensures the clients gets automated triggers at different levels.
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HERE'S HOW IT WORKS
These triggers help the clients to take immediate next steps to either renew the contracts with or without changes or terminate the same depending on the business strategy. The two-level trigger ensures timely action against each and every contract. It is very important in the current business eco system to ensure companies are compliant with agreements as any service provided by a client may not be commercially valued if the service is performed after the expiry or without a written contract. SARN Legal’s CMS not only helps clients get triggers but also acts as a summarized repository of Contracts and Agreements helping the clients to get a glance of all the existing agreements along with their due dates of expiry in a single shot. As part of this service, SARN Legal also offers to discuss the terms and conditions as may be prescribed by the client with the vendee and renew/terminate the contract with the client expected to only sign the document making the entire process seamless and simple. SARN’s Legal resource works very closely with the client and get the agreements updated.
- The two-level trigger ensures timely action against each and every contract.
- It is very important in the current business eco system to ensure companies are compliant with agreements as any service provided by a client may not be commercially valued if the service is performed after the expiry or without a written contract.
- SARN Legal’s CMS not only helps clients get triggers but also acts as a summarized repository of Contracts and Agreements helping the clients to get a glance of all the existing agreements along with their due dates of expiry in a single shot.
- SARN Legal also offers to discuss the terms and conditions as may be prescribed by the client with the vendee and renew/terminate the contract. In this case client is expected to only sign the document making the entire process seamless and simple.
- SARN’s Legal resource works very closely with the client and get the agreements updated in a timely manner.
FAQS
Yes, there will be a Quarterly reporting cycle of all the agreements with a traffic signal clearly indicating the status of each and every agreement.
No, SARN Legal understands the confidentiality of the agreements therefore only a brief identifier of the agreement will be needed to identify the agreements. However, the client has a choice to send the agreements to SARN if they want to avail the Contract Repository Services as well where in the agreements are stored on the cloud with safety.
Trained Legal Resources would interact with the client to firstly understand the terms that they need to change (if any) or remove and also any change in terms and conditions which will then be communicated to the vendee by SARN and get them to agree or get back with their queries which will be addressed by SARN in consultation with the client and bring the discussion/agreement to closure.
