my-Contracts: Helping Corporate Legal Fraternity through Contract Automation and Smart Analytics

Digital business environment has presented an unprecedented challenge across the Industry and in today’s aggressively competitive business landscape, data is considered as a new fuel. Every business is harnessing the power of data to steer the future of their business. In this era of digital transformation, wherein at one hand, GCs and in-house legal departments are confronted with extraordinary business pressure for time bound deliveries, on the other hand, it has provided unlimited opportunities by harnessing the power of data with digitalisation of their legal and contracting functions. Now, the priceless data lying in the Contracts are being used for making every important business decision with Contract Automation, and GC’s role has now extended much beyond its existing role of mitigating legal and compliance risk.

To help the legal industry embrace technology, many vendors have entered the market providing solutions to streamline and automate the business operations. However, the role of technology solution provider is not just confined to automating certain repetitive tasks or developing a solution to streamline the operations, but they should have clear insights into the various risks and regulatory compliances involved in every aspects of legal operations.

my-Contracts: providing end-to-end Contract Automation
Upon deeply understanding the ground level problems of General Counsels and in-house Corporate Legal departments pertaining to Contracts, Leerah Enterprises, one of the leading Contract Management solution providers, offer intelligent automated solutions and smart analytical tool in the name of my-Contracts, to digitize the Contract Management process and mitigate the contractual risk of an organisation.

Unlocking the power of Contract Automation with the best use of AI, Blockchain and Smart Contract Analytics.
Leerah Enterprises provides advanced contract management software called “my-Contracts” to help Corporate Legal departments and General Counsels digitally manage their contracts right from contract request,

drafting and online contract negotiation to execution with e-signature integration till timely renewal and amendments thereof. The solution provides smart analytics and reports to get a complete hold of the contracting process and mitigate the contractual risks associated with it. It is empowered with Microsoft Word functionalities along with a live chat box to help legal users in drafting and negotiating contract terms on real-time basis. The tool provides clear insights about every contract, obviating the need to read every document. It automatically identifies, and highlights process lapses in the system and alerts users on contract expiry date & other key contract milestone.

Every functionality of the software has been synchronized in the best manner in terms of deliverables for Legal, Purchase, Finance, Internal Control and Audit teams

“Every functionality of the software has been synchronized in the best manner in terms of deliverables for Legal, Purchase, Finance, Internal Control and Audit teams. The software generates contracts instantly with Auto-Contract builder based on company’s standard templates and enables for the easy configuration of workflows, approval rules, meta-data fields and attributes. It intelligently highlights process lapses, time lapses & action lapses within the system; reminds users of contract & BG expiry dates; maps contractual obligations, generates reports based on various parameters and gives a graphical overview of the contracts based on its status,” explains Leena Tibrewal, Founder and CEO.

The company also provides a training and compliance software to bring about behavioural changes in the workforce. “We offer an online platform to train the employees and share knowledge material on various topics like Prevention of Sexual Harassment at Workplace, Data Privacy and Protection, Global AntiTrust and Anti-Corruption, Dawn Raid Policy and Code of Conduct. Having catered to varied business segments and some of the largest corporations, the company now plans on expanding its horizon, and further enhance its offerings with AI and blockchain platform to become a leader in Digital Contract Management,” concludes Leena Tibrewal.