Nova CLM

Nova CLM

Comprehensive Contract Lifecycle Management
About
Nova CLM is a powerful Contract Lifecycle Management solution that provides by means of open standards and proprietary technologies an innovative process and content management of contracts as well as contract integration with existing corporate processes.
Key Benefits
Maximize your competitive advantage and achieve tremendous benefits with Nova CLM: Shorten your deals process cycles Grab the power of your deals and take them into the next level: digital, intelligent, rich meta data contracts...
What you get
Nova clm allows quick and easy access to documents, attachments, notes, statements and any other data relating to each stage of the generation of the contract. It provides a single centralized managed and secure point of...
Frequently Asked Questions
Does Nova CLM integrate with other applications? Yes –  Nova CLM provides a complete toolset for data integration with existing systems. Our well designed API can share any relevant data with upstream and downstream systems and databases....

About

Nova CLM is a powerful Contract Lifecycle Management solution that provides by means of open standards and proprietary technologies an innovative process and content management of contracts as well as contract integration with existing corporate processes.

Solution Focus Unique value
  • International Business & Target Markets
  • Business Process Delivery
  • SLA
  • Collaboration
  • Multi-juridical legal directory
  • Flexible technology
  • Data integration

Nova CLM focuses in the compliant production of contracts, multi-juridical management and business delivery of contents. Nova CLM product mission is to cover the full lifecyce with itw own Nova comprehensive CLM model, and its  methodology.

business delivery

business delivery

connect your business delivery directly to the contract execution: bid-to-cash or sign-deliver-bill

multi-juridical

multi-juridical

be global and simplify multi-juridical management for your target markets

compliance

compliance

grant business and legal compliance at all levels

Perspectives

Perspectives: user’s
Perspectives: user’s
Rapid adoption: loading legacy contracts is a rapid process and the learning curve is very short (maximum 2 days). Besides...
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Perspectives: security
Perspectives: security
Profiled Security, by profiling users and access levels for features and content Auditability and control of stages with full audit-trail...
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Perspectives: technical
Perspectives: technical
Administrative back-end for configuration of behaviour, workflows and legal content management (provisions, templates, structures, premises, attachments) API for integration with...
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Perspectives: functional
Perspectives: functional
Market-oriented management, adaptable to the distinct rules of each Target Market and/or geographical area in which it operates, multilingual, fully...
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Nova CLM methodology

  1. parameters are defined according to organization needs covering contracts and all legal documents for logistics, supply or provision; any information required for proper workflow and negotiation by users is collected. In this phase contract models, clauses and target markets are generated or revised. Rules and flexibility ranges are set
  2. users generate or request drafts of legal documents and contracts following the parameters, terms and conditions set forth in the strategy phase
  3. legal documents are completed, and transition to approval and signature is streamlined in a multichannel environment for all involved parties, including the counterparty. The contract approval process runs on roles and responsibilities set in the strategy phase
  4. once approved, documents are presented for signature (digital or not), then recorded and reported. From this moment internal business delivery processes are activated
  5. for passive contracts effects and service levels are measured; for active contracts deployment operations take place updating all related stake holders
  6. all key information and follow-up is available through specific panels, providing real-time critical information and generating reports and KPI metrics that show the contract evolution and development
  7. in the monitoring phase and forth, the effects and effectiveness of contracts are measured by economic or qualitative indicators; the outcome will affect the next phase of Evolution & Quality
  8. information collected during the agreement’s lifecycle is studied for revision and update to take place in a new strategic phase 1

CLM, what is it?

Nova CLM model
Nova CLM model
Nova clm provides a holistic, powerful and advanced flexible framework for rapidly and easily adopting contract management integrating it with business processes thus providing a...
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How can I benefit from CLM?
How can I benefit from CLM?
Contract Lifecycle Management (CLM) can correct inefficient processes, leading to greater growth and stability, long-term viability and immediate improvements to the bottom line. CLM helps...
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The Need for CLM
The Need for CLM
All business relationships are based on contracts. Contracts measure quite often the efficiency of each business area (Purchases, Sales, Marketing, Legal, Finance, Human Resources, etc.)...
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About CLM
About CLM
80% of all business to business relationships are governed by contractual agreements. Contract life cycle management (CLM) is a solution and process for managing the...
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What you get

Nova clm allows quick and easy access to documents, attachments, notes, statements and any other data relating to each stage of the generation of the contract. It provides a single centralized managed and secure point of reference for all the information in the system and for all events related to the different agreements. It can also easily manage geographically distributed data in multiple zones.

Nova clm provides Guided Document Generation by means or predefined templates based on corporate guidelines and requirements of internal offices. This feature enables the end user non-specialist in legal matters to produce documents (draft) aligned to the business, corporate policies and applicable laws. Nova clm provides

  • Market-oriented management, adaptable to the distinct rules of each market and geographical area in which it operates, multilingual, fully aligned with the internal and international specific regulations of the various jurisdictions.
  • Auditability and control of the contract processing stages provide the user with the proper management and strict control of all changes. Moreover, swift access to registered contracts and the information about their generation, simplifies sharing with third parties or internal departments, as well as allowing subsequent auditing on the fulfilment of corporate compliance.
  • Automation, the innovative features of the system include:
    • Contract Contents Production from a legal standpoint, using templates and pre-approved clauses, that increases the strength of agreements and allows the parties involved to take greater advantage from the concluded stipulations.
    • Control process that involves the entire life cycle of the contract, favouring real-time continuous monitoring of the agreements compliance, workflow, any changes, and more.
  • ERP integration to extend the benefits to business processes (e.g. supply chain, procurement, finance, enterprise asset management, etc.).
  • Analysis & Report generated automatically, allowing to monitor the correct application of contractual terms (legal metrics) and meet in a quick, easy and safe way all the needs of internal control.
  • Rapid adoption: loading legacy contracts is a rapid process and the learning curve is very short (maximum 2 days). Besides all interfaces in the system are provided with easy-to-use on-line helping assistant tools and company process compliance assistance. Assistant tools are configurable and customized.
  • Vendor Directory: counterparts and vendors are each and everyone classified and managed with statistics, metrics and benchmarking features.
  • Increased Collaboration through a shared working environment, where management of the contract can be shared with other departments, as well as including contractual counterparties or third parties (technicians, professionals, lawyers), with a controlled and specific procedure.

About

Nova CLM is a powerful Contract Lifecycle Management solution that provides by means of open standards and proprietary technologies an innovative process and content management of contracts as well as contract integration with existing corporate processes.

Solution Focus Unique value
  • International Business & Target Markets
  • Business Process Delivery
  • SLA
  • Collaboration
  • Multi-juridical legal directory
  • Flexible technology
  • Data integration

Nova CLM focuses in the compliant production of contracts, multi-juridical management and business delivery of contents. Nova CLM product mission is to cover the full lifecyce with itw own Nova comprehensive CLM model, and its  methodology.

business delivery

business delivery

connect your business delivery directly to the contract execution: bid-to-cash or sign-deliver-bill

multi-juridical

multi-juridical

be global and simplify multi-juridical management for your target markets

compliance

compliance

grant business and legal compliance at all levels

Key Benefits

Maximize your competitive advantage and achieve tremendous benefits with Nova CLM:

  • Shorten your deals process cycles
  • Grab the power of your deals and take them into the next level: digital, intelligent, rich meta data contracts
  • Fast Compliance
  • Target the Global Markets
  • Negotiation flexibility while keeping compliance requirements
  • High-quality control panels and advanced scorecards
  • Personalized services
  • Expand business from the real starting point: contracts