Contracts Module

Our Contracts module is designed to streamline and automate the entire lifecycle of contracts, from creation and negotiation to execution and renewal. It serves as a platform for Institutions to store, track, and manage their contracts efficiently. GrantsNow will reduce manual effort, enhance collaboration, improve contract visibility, mitigate risks, ensure compliance, and optimise your contract management processes. 

Here are some of our key functionalities and features:

  • Contract Creation: Users can generate contracts using customisable templates or by importing existing contracts. System will automatically pick all the data from the application and create a contract for user 
  • Collaboration and Negotiation: Enables multiple stakeholders to collaborate on a contract. They can review, comment ensuring seamless negotiation processes. 
  • Version Control: Maintains a version history of contracts, tracking all new versions made throughout the negotiation process. This ensures transparency and allows users to revert to previous versions if needed. 
  • Contract Tracking and Reminders: Offers tools to monitor contract status, key dates, and pending actions, such as deadline date or awaiting approval. It sends automated alerts and reminders to ensure that important actions are taken on time. 
  • Approval Workflows: Includes customisable approval workflows to streamline the review and approval process. This ensures that contracts follow the appropriate authorisation steps before execution. 
  • Contract Execution and E-signatures: DocuSign or any other third-party digital signature application , allowing parties to sign contracts digitally. This eliminates the need for printing, scanning, and physical transportation of documents.  
  • Contract Analytics and Reporting: Analytics and reporting features to gain insights into contract performance, compliance, and risk management. It can generate reports on contract status, financials, and key metrics. 
  • Compliance and Security: Security measures to protect sensitive contract data, such as access controls, encryption, and audit trails. It may also provide compliance features to ensure adherence to regulatory requirements or internal policies.