Contracts are at the heart of all commercial relationships. Every dollar entering or leaving a business is governed by a contract. However, contracts and contract management face many challenges.
As we all know, risk is an integral part of any business, and with the recent pandemic, the emphasis on risk reduction has become even greater. So immediately after the pandemic, many businesses began looking for options that would protect them from defaults and contract management programs are becoming a major element of the solution.
Zoho Contracts
Zoho Contracts - is a robust software solution that allows you to manage the entire contract lifecycle without switching between multiple applications. This feature-rich cloud platform helps enterprises reduce contract turnaround time and operational costs.
Zoho Contracts - is a feature-rich cloud platform that helps enterprises reduce contract cycle times and operating costs by optimizing the entire contract lifecycle.
This feature-rich CLM platform not only improves the efficiency of legal operations, but also comprehensively covers all aspects of contract management, driving better business results. By facilitating cross-functional integration with Zoho CRM, Zoho Contracts saves a significant amount of time for sales teams to close more deals faster. With better contract management, businesses will see an improvement in their financial performance as well as the quality of their customer relationships.
With advanced analytics, business leaders can extract strategic insights from their contract data. In addition, detailed action tracking, contextual commitment management and data protection settings help reduce business risk and improve compliance.
Key Features Zoho Contracts:
- Built-in document editor with advanced build capabilities;
- Unique templates and the ability to create your own templates;
- Real-time collaboration capabilities;
- Approval workflow management; both sequentially and in parallel;
- Controlled access to counterparties via password-protected links to contract documents;
- Notes, contextual comments, and version control features for negotiations;
- Built-in electronic signature capability;
- Contextual commitment module at the individual contract level with reminders;
- Smart letter templates for changes, updates, extensions and terminations;
- Centralized contract repository.
Zoho CRM integration
Enable your sales teams to shorten sales cycles with Zoho Contracts. Sales reps can initiate new contracts and track their status directly from the transaction record in CRM. They can also ask the contract owner in Zoho Contracts to initiate negotiations and sign without leaving CRM. The best part: not all employees need a Zoho Contracts license to initiate contract requests from CRM.
Functions Zoho Contracts
1. Preset templates
Get access to a pre-defined set of templates for commonly used contracts such as non-disclosure agreements and MSAs. The templates will serve as guides for contract writers. You can customize the details as you need when drafting a contract. You can also create your own templates.
2. Instant contract creation
Simply add the contract and counterparty information to the form to create contracts with all the necessary data. Contracts will be created based on your templates. This allows employees to create contracts, and ensures consistency of language in all your contracts.
3. Built-in document editor
Zoho Contracts has a built-in document editor with all the features of our powerful word processor: Zoho Writer. Our comprehensive cloud-based offering allows you to contract wherever you are.
4.Document assembly
The advanced clause selection tool allows contract writers to easily search for and insert a clause in a contract. All proposals in specific templates and those you add manually will be available in the proposal library.
5.Share contracts
Draft contracts with others in your organization or review them. Keep track of changes made by co-authors using the red line (colored text). Set up review, comment, fill-in-the-box, or write-in rights for your co-authors.
6.Filling field values
If there are parameters unknown at the time of contract creation, the author may leave the contract fields blank. The author or co-authors with "Fill Fields" and "Write" permissions may fill in the fields later.
7.Comment section
Add comments and participate in discussions with other contributors through replies. You can also choose who can view your comment using the comment visibility settings.
8.Secure Exchange
Forget about having to email documents as attachments back and forth. Send contracts for approval to counterparty contacts via password-protected links. Counterparty contacts can access contracts without a Zoho account.
9.Counterparty opportunities
Counterparty contacts can collaborate, suggest changes, and add comments to the contract. In contracts with multiple negotiation stages, they can compare the document with versions in earlier stages.
10.Tracking changes
Changes made by counterparty contacts will be displayed as a red line so that you can easily see additions, edits, and deletions. Accept or reject changes with a single click.
11.Version Management
Go through all versions of the contract in chronological order, compare them, and restore any of the older versions.
12.Viewing the calendar
The monthly review calendar shows all of your contract schedules and reminders. Never miss an opportunity to renew with reminders.
13.Reports and Dashboards
You can get a quick overview of your business and make informed decisions quickly. Get useful information on all aspects of contract management: milestones, performance, clause, obligation, counterparty, and other common contract attributes.
14.Central storage facility
All your contracts in one central repository. Search and filtering options ensure better visibility and availability.
15.Mobile App
Stay on top of your business contracts wherever you go. The Zoho Contracts app for iOS offers a personalized mobile dashboard that gives you insight into key contract metrics. The app also includes all the features you need to manage your contracts away from your desktop.
Price
Price: There is a free plan and two paid plans. $65 for the professional plan and $50 for the standard plan, each paid annually.
If you're ready to get started, check out our 15-day free trial. No forced contracts or credit card required.
