Connected Contracting: Redefining Contract Lifecycle Management

In the ever-evolving space of CLMs, SimpliContract is emerging as a beacon of innovation, redefining Contract Lifecycle Management with its Next GenAI-powered capabilities. As we step into a new era, we proudly unveil our rebranding journey capturing the essence of our transformation and unwavering commitment to simplifying the complex world of contracts.  

‍The Vision: Simplifying Complexity

We have a bold vision: Creating an intelligent, connected contracting ecosystem for NextGen contracting with an unparalleled configurable platform and connected data models that support seamless contract flow between teams and applications.

Since our inception, SimpliContract has been a trusted partner for companies, delivering comprehensive, end-to-end CLM solutions that align with the organizations' strategic business goals. Our advanced  GenAI-enabled CLM platform now empowers users and stakeholders to manage contracts effectively, maximizing efficiency and revenue. 

Guru Venkatesan, Co-founder & CEO of SimpliContract, says, "With digitization and automation taking center stage, AI-powered CLM is no longer a 'good to have' but a 'must-have' for enterprises. We've seen a considerable uptake for our advanced, Next GenAI-enabled CLM platform basis its maturity, versatility, and unique features compared to contemporaries in the market."

‍Addressing CLM Challenges: The Catalyst for Change

The primary challenge the CLM sector faces is linear or flat CLMs that are hard-coded, data-dark, and may or may not have agile AI/NLP features, leading to failed implementations, cost overruns, and minimal time to value. If any change is required to configure at the base platform, it means customizations at the code level, and that’s quite challenging and a never-ending process. Further, the outdated CLM platforms don't support integrations with CRMs, P2P solutions, HRMS suites, and ERPs. Challenges become a vicious process in the entire contracting lifecycle.

Our rebranding journey began with a keen awareness of the growing challenges enterprises face and will face with outdated CLM tools, including complex, disconnected processes, globally distributed teams, multiple entities, and intricate product lines. Issues such as matrix business processes, lack of data-driven insights on revenues and costs, unstructured data across massive contract volumes, and data loss due to system failures will be prevalent if not course-corrected. In response, we embraced the power of Generative AI, transforming our offerings to meet these challenges head-on.

‍Next-Gen AI CLM Elevating Experience!

Simplifying the complex world of contracts is our forte.  

SimpliContract’s Next Gen AI-enabled CLM platform is revolutionizing the CLM landscape for enterprises globally. “We believe in the power of Connected Data, Connected Processes, and Connected Workflows, which we have translated into the solution, making it highly scalable and configurable with architecture that facilitates cost-effective change management and self-serve capabilities. The platform offers plug-and-play flexibility, integrating seamlessly with existing systems (CRM, S2P, HRMS, ERP) without disruption. It supports no-code change management and is future-ready, compatible with diverse backend tech stacks. We deploy competitive in-house AI models to roll out industry-specific use cases swiftly. The platform includes built-in collaboration via a native embedded word editor and a UI-based template builder for legal teams to manage clauses. A mobile app enables on-the-go reviews and approvals, while a state-of-the-art Risk Analyzer acts as an AI-powered review assistant. Gen AI-powered contract analytics module can extract structured and unstructured data, providing valuable insights that help in strategic decisions.” says Makeshkumar M., CPO, SimpliContract.

‍“Simpli Superb! Great Tool for Contract Management”: G2 Reviews

G2 consolidates our standings on the product offerings and how we are helping enterprises overcome contracting challenges and drive business goals. We are proud to be a reliable partner with leading enterprises globally, transforming CLM and accelerating growth. ATI, Walmart, NHS, Tavant, and Flipkart are a few names who trust us for what we are!

Always futuristic and way ahead _of the curve when it comes to technology adoption, SimpliContract swiftly molds into a new identity that connects to the roots of CLM challenges and tackles them seamlessly with its CLM solution.  

From tightening contract controls, reducing revenue leakage, measuring vendor performances, and extracting contractual insights in a blink - our Next Gen AI-powered CLM platform is here to help you for tomorrow. Backed with intelligent automation and performance insights, our platform is apt for enterprises seeking a competitive edge and seamless performance.  

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Explore the power of connected contracting leveraging SimpliContract's Next GenAI-powered platform and boost your contract lifecycle management. Connect with us today!

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