ConvergePoint Contract Management

Contract Corridor is a Contract Lifecycle Management (CLM) platform designed to help organisations create, negotiate, approve, store, and manage contracts across their full lifecycle. It streamlines pre-signature activities such as request and intake, template-based drafting, clause standardisation, negotiation, version comparison, approvals, and signature and manages post-signature obligations through automated alerts and reminders for key milestones, metadata extraction, configurable workflow routing and audit trails, and reporting. Its secure repository provides a single source of truth across all entities, regions and contract types. Fully integrated with Microsoft 365, including Word, SharePoint, Teams, and Outlook, it enables seamless collaboration without duplication or workflow disruption. Contract Corridor enhances visibility, protects revenue, reduces risk, improves compliance, and empowers organisations to make faster, data-driven decisions.

Standardize and automate the contract lifecycle with Newgen's AI-first Contract Lifecycle Management —from initiation, creation, negotiation, and execution, to expiration. Empower users with end-to-end visibility of contracts across your organization for improved compliance, lower risks, and higher employee productivity. Leverage our automation tools to enable smarter contract authoring and contract information tracking. Automated processes, including contract authoring, review, registration, renewal, termination, and request for contract addendums. Tracking of results from public expenditures to ensure that payment is commensurate with performance. Escalation matrix, imported from the customer’s active directory, to automatically define escalation structure. Clause repository, containing data related to contract clauses, like clause ID, name, and content.