What is contract lifecycle management (CLM)?
CLM is the process of automating and streamlining traditional contract processes from start to finish in a single management platform.
Negotiate business contracts like a pro
Expedite the contract negotiation process with a single platform to create, negotiate, eSign, and store contracts.
A smooth customer experience every step of the way
Enable your sales team to close more faster with an all-in-one contract management software that eliminates the manual processes of the traditional contract lifecycle.
One collaborative workspace to accelerate the sales cycle
Put an end to lengthy email threads and juggling between multiple systems or contract versions. Create, negotiate, and sign in a single location to make the buyer/seller relationship smoother than ever from start to finish. When negotiations are done, you can alert all parties with a click of a button to bring the agreement to the signing stage.
Collaborative and transparent negotiations
Streamline negotiations with a centralized process that allows full transparency for all participants.
Within a single, shared contract workflow, comment privately to your team or publicly to your clients, keep track of revisions and comments, or even jump to previous versions of your agreements to see who made what changes and when.
Simplify and speed up contract negotiations
Outdated, manual contract processes can drag the negotiation process along for weeks (sometimes months) with the endless back and forth. Fast track your contract approvals by allowing counterparts to suggest, apply edits, update basic text style, and even accept your changes. Plus, stay up-to-date by turning on notifications to know when counterparties make comments or suggestions on your contract.
Frequently asked questions
What is the process of contract management?
The contract management process is a series of time-consuming tasks, including contract drafting, internal approval, contract negotiation, and signing that occurs between sales teams and their prospective customers while closing a deal.
Is contract negotiation automation right for my small business?
Absolutely. Contract negotiation software is perfect for businesses of all sizes looking to minimize risk and streamline business contracts’ creation, execution, and management.
How can I keep track of contract renewals?
It’s easy. After signing and executing a contract in PandaDoc, you can schedule renewal reminders and get notified about the contract expiring.
What are the advantages of contract negotiation software?
A contract negotiation software can improve the transparency of your negotiations and the efficiency of your sales cycle.
How does contract negotiation in PandaDoc work?
Contract Negotiations in PandaDoc allow you to create a single, shared workflow for stakeholders to view, comment on, and accept changes to contracts. All fields will be disabled during the contract negotiation process. Once suggestions are resolved, you’ll be able to sign and execute the contract.