Contract lifecycle management

End-to-end contract management solution

Master every stage of your contracts with seamless automation – accelerate turnaround and drive business success.

Robust contract lifecycle management system

  • Agile platform: Upload own documents, 3rd party paper, or generate documents from automated templates within HighQ.
  • Risk scoring & contract checklists: Score risks to stay ahead of potential issues.
  • Version comparison: Effortlessly compare document versions with a robust comparison tool to accelerate negotiations.

Integrated workflow and approval management

  • Seamless document review & redaction: View and redact documents directly within HighQ’s approval workflows, keeping the process efficient and secure.
  • E-signature integration: Streamline contract approvals with built-in e-signature integrations - AdobeSign and Docusign - ensuring faster execution.
  • Granular permissions & task boards: Control access with detailed permission settings, while task boards keep teams aligned on responsibilities and deadlines.


 

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Simplify your contract lifecycle management system today.


 

Configurable dashboards and analytics

  • Real-time contract visibility: Track key data points like renewal dates and obligations with custom dashboards that offer complete oversight.
  • Metadata extraction: Automatically extract and analyse contract metadata for deeper insights into contract APIs and performance metrics.
  • Tailored reporting: Create configurable reports that provide a clear overview of contract data, ensuring timely actions and informed decision-making.

What do our customers think?

HighQ has enabled us to achieve great efficiencies through their contract management and document automation offering. Before HighQ, our legal team found themselves expending significant time and effort requesting information from stakeholders across the business. We now have a user-friendly interface that enables each business user to answer a pre-set series of questions which is then routed through an automated workflow to gather responses and provide real-time updates.

Jason Ng, General Counsel & CFO, V-Key Pte Ltd

Frequently asked questions

What is contract lifecycle management?

A contract lifecycle management system is a comprehensive solution that automates and streamlines the legal contract management process. It includes features for creating, negotiating, executing, and managing contracts throughout their lifecycle, enhancing efficiency and compliance in legal teams.
What risks should organizations consider when implementing an automated contract management tool?

While automated contract management tools can significantly enhance efficiency, there are several risks organizations should be aware of. One primary concern is data security; sensitive contract information may be vulnerable to breaches if the system lacks robust security protocols. Additionally, compliance risks arise if the software is not regularly updated to reflect changing laws and regulations, potentially leading to legal issues. There’s also the risk of over-reliance on automation; if the tool generates contracts without sufficient human oversight, errors or ambiguities may go unnoticed, affecting legal standing. Furthermore, the integration process with existing systems can be complex, posing a risk of operational disruption if not managed properly. To mitigate these risks, organizations should conduct thorough due diligence when selecting a tool, ensure regular updates as well as security and compliance checks.
Can automated contract creation save time for legal professionals?

Yes, automated contract creation significantly reduces the time spent drafting contracts by using templates and pre-approved clauses. This efficiency allows legal professionals to focus on negotiation and strategy, leading to faster contract turnaround times.