When dealing with global suppliers, communication barriers due to time zones, language differences, and varying legal systems can hinder contract negotiation and enforcement.
Contractzy’s CLM Software offers cloud-based collaboration tools like real-time editing, AI-powered contract review, contract redlining, version control to facilitate communication with global suppliers and even internal teams regardless of the location.
Ensuring vendors adhere to contract terms and procurement policies can be a challenge, especially with a large number of contracts.
Contractzy's CLM Software offers standardized templates and legally-approved clauses, which helps procurement teams ensure consistency, reduce negotiation tim, and reduce the risk of missing essential contract terms.
Contractual risks like delayed deliveries, poor quality or unexpected price changes can significantly impact the business.
Contractzy's CLM Software automates alerts for procurement teams, highlighting approaching deadlines and identifying potential issues with the Supplier fulfilling their contractual obligations.