Contract Lifecycle Management

Contracts are the cornerstone of businesses globally. However, managing numerous contracts can be a formidable responsibility for any company. eliteBco in partnership with Agiloft delivers a robust and all-encompassing Contract Lifecycle Management (CLM) platform. Leveraging eliteBco’s profound expertise in streamlining business processes and Agiloft’s state-of-the-art technology, we deliver a dynamic and tailored CLM solution that eliminates administrative burdens, freeing up professionals to focus on tasks that drive long-term revenue growth, maintain cost discipline, and mitigate compliance risk.

Why Agiloft?

Built on a no-code platform, Agiloft’s Contract Lifecycle Management suite (CLM) comes with fully customizable best practice functionality for buy and sell-side contract management including repository and templates, clause library, flexible approval workflows, built-in AI, security and compliance safeguards, automated notifications, and seamless integration with existing systems.

Features & Benefits of Agiloft

Agile Technology

Unmatched flexibility that enables extensive customization throughout the entire system, eliminating the need for writing custom, complex code.

Customization that’s intuitive and code-free, ensuring that organizations can effortlessly adapt the platform to their unique business needs.

Accessible Templates and Clause Libraries​

Instantly create contracts using standardized approved language with contract templates or dynamic clause libraries of fully customizable language for each agreement type.

Manage language across contracts by clause type, usage, priority, status, team, owner, contract templates, or any other key terms.

Add and configure custom fields for specific clause library requirements quickly and easily.

Centralized Contract Repository​

Immediate access and visibility to your organization’s contracts, all in one place. Configurable dashboards and contract analytics, charts, reports, and saved views provide secure, central contract repository information in flexible formats.​

Full-text search of contracts and attached files in multiple formats. OCR converts image files such as JPG or PDF into fully searchable text documents, while still retaining the original image.​

Unlimited templates for any workflow or contract process to allow users to easily visualize performance indicators and manage existing contracts.​

Mitigate Risk​

Ensure compliance with regulatory requirements while managing risk using precise controls and a complete audit trail for every contract.​i DID

Monitor and report on important risk factors including regulatory compliance and commercial health of contractual relationships.​

Robust compliance analytics out-of-the-box in addition to customizable reports that capture key metrics. ​

Agile Technology

  • Unmatched flexibility that enables extensive customization throughout the entire system, eliminating the need for writing custom, complex code.
  • Customization that’s intuitive and code-free, ensuring that organizations can effortlessly adapt the platform to their unique business needs.

Centralized Contract Repository

  • Immediate access and visibility to your organization’s contracts, all in one place. Configurable dashboards and contract analytics, charts, reports, and saved views provide secure, central contract repository information in flexible formats.
  • Full-text search of contracts and attached files in multiple formats. OCR converts image files such as JPG or PDF into fully searchable text documents, while still retaining the original image.
  • Unlimited templates for any workflow or contract process to allow users to easily visualize performance indicators and manage existing contracts.

Accessible Templates and Clause Libraries

  • Instantly create contracts using standardized approved language with contract templates or dynamic clause libraries of fully customizable language for each agreement type.
  • Manage language across contracts by clause type, usage, priority, status, team, owner, contract templates, or any other key terms.
  • Add and configure custom fields for specific clause library requirements quickly and easily.

Mitigate Risk

  • Ensure compliance with regulatory requirements while managing risk using precise controls and a complete audit trail for every contract.
  • Monitor and report on important risk factors including regulatory compliance and commercial health of contractual relationships.
  • Robust compliance analytics out-of-the-box in addition to customizable reports that capture key metrics.

Frequently Asked Questions

What is Contract Lifecycle Management (CLM), and how can it benefit our organization?

Contract Lifecycle Management (CLM) is a systematic approach to managing contracts from initiation through award, compliance, and renewal. Implementing a CLM solution can bring numerous benefits, including improved contract visibility and searching, streamlined processes, reduced risks, and enhanced compliance. It can also lead to significant cost savings by automating routine tasks, minimizing errors, and optimizing contractual terms.

How does Agiloft's CLM system integrate with existing IT infrastructure?

Agiloft's CLM system is designed for seamless integration with a wide range of IT infrastructures. It offers flexible integration capabilities with ERP, CRM, and other enterprise systems, ensuring smooth data flow and enhanced efficiency. The system supports various integration methods, including Open REST and SOAP API access methods, Google Service Account, Docusign, AdobeSign, oAuth 2.0 and more to accommodate different technical environments and requirements.

Can Agiloft's CLM adapt to our specific industry needs and compliance requirements?

Yes, Agiloft's CLM is highly configurable and can be tailored to meet the unique needs and compliance requirements of different industries, including finance, healthcare, government, retail manufacturers and technology. The platform allows customization of workflows, contract templates, and compliance rules, ensuring that your specific industry standards and regulatory requirements are met.

What kind of support and training does Agiloft provide for new users?

Agiloft offers comprehensive support and training for new users to ensure a smooth transition to the CLM system. This includes online tutorials, user guides, and personalized training sessions. In addition, Agiloft provides ongoing technical support and a dedicated customer service team to assist with any issues or questions that may arise.

How does Agiloft ensure the security and confidentiality of contract data?

Agiloft's security measures for its CLM system are comprehensive and multi-layered. The system undergoes regular third-party security audits, including web vulnerability assessments, and is compliant with OWASP Top 10 standards. Agiloft has received the highest Enterprise-Ready rating from Skyhigh Networks and is SOC 2 Type 2 certified. Its hosting infrastructure includes premier data centers and AWS facilities, ensuring regulatory compliance with standards like HIPAA. The application employs precise access controls, encrypts communications with TLS, and maintains rigorous data integrity and privacy standards, making it suitable for deployment even in highly secure environments like the U.S. Department of Defense.

Agiloft Integrations:

Email Integration

Agiloft often supports email integrations with popular email platforms, such as Microsoft Exchange and Gmail. This integration allows users to synchronize emails with Agiloft records.

Microsoft Office Integration

Agiloft may provide integration with Microsoft Office applications, including Word and Excel, facilitating document creation, editing, and storage.

Single Sign-On (SSO)

Agiloft supports Single Sign-On (SSO) integrations, allowing users to log in to Agiloft using their existing credentials from identity providers like Azure Active Directory, Okta, or others.

LDAP Integration

LDAP (Lightweight Directory Access Protocol) integration is often supported by Agiloft for centralized user authentication and authorization. This allows organizations to manage user accounts through an LDAP directory.

Outlook Calendar Integration:

Integration with Microsoft Outlook calendar is common, enabling users to manage schedules, appointments, and deadlines associated with Agiloft records.

RESTful API

Agiloft provides a RESTful API (Application Programming Interface), allowing organizations to build custom integrations with third-party applications and systems.

Agiloft can integrate reporting and business intelligence tools such as Tableau or Power BI for advanced data analysis and visualization.

MS Exchange

Synchronize contacts and calendar events with MS Exchange using bi-directional or one-way sync.

Full firewall transparency is supported through the use of web services.

Tableau

Agiloft’s Tableau Connector enables visualization of contract data for better decision-making.

Jira

Enable bi-directional or one-way sync between Agiloft and Jira to synchronize ticket or request information, triggering notifications, assignments, and updates.

Salesforce

Integrate Agiloft with Salesforce using a managed package for real-time synchronization of various record types, such as contacts, contracts, opportunities, etc.

Workato

Utilize Agiloft’s Integration Hub powered by Workato to flow data seamlessly across various enterprise applications, connecting to 1000+ apps without onboarding new vendors.

Microsoft Dynamics

Use the new Microsoft connector for Agiloft to synchronize contacts, contracts, files, companies, and opportunities with Microsoft Dynamics through bi-directional or one-way sync.

Our Personalized Process

We assess your current business processes to identify bottlenecks and areas that would benefit from automation. This includes detailed discussions with key stakeholders to understand the specific needs and challenges of your organization.

Based on the initial assessment, we design a customized BPA solution that aligns with your business goals and fits within your existing IT infrastructure while providing scalability for future growth.

With a solution in place, we implement software that seamlessly interacts with your current systems. Our team works closely with your organization to ensure a smooth deployment with minimal disruption.

Post-implementation, we provide comprehensive training and ongoing support, ensuring that your team is well-trained, issues are promptly addressed, and systems continue to operate optimally.

Automation is an ongoing journey. We continue to work with you to refine and optimize processes, ensuring that the BPA solutions deliver continuous value and adapt to evolving needs.

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