Teamwork with Nova CLM

Workflow

Nova CLM supports configuration of the workflow in each phase of the generation and approval cycles. Approvers or managers linked to provision contents empower the workflow.

Metrics

Nova CLM collects metrics for retention, elaboration and evaluation for each project; these metrics can be used for tracking the internal or external effort in projects, or for other indicators as well.

For service level control, contracts can be directly linked to KPI from  Nova or from third-party systems.

Checklists

Checklists are linked to specific natures of contracts and monitor that every requirement has been achieved before promotion to the signature presentation phase.

User-defined fields

The contract editor facilitates the automatic or manual insertion of fields linked to the document properties (e.g. contract code, due date) or to user defined data. Thus documents are dynamically populated with actual data saving time and preventing writing errors.

Legal content languages

Contract contents and user interface support dual-language editing in different languages: English, español, Deutsch, français, italiano, português …

Dashboard

Nova CLM dashboards facilitate an instant view of all contracts and legal documents in different stages with evidence of important information. All contextual activities are managed from the dashboard, providing features based on document stage, type and status: editing, attachments, sharing information, discussion, approval and signature.

Target markets & Multi-jurisdiction

Nova CLM manages contracts for target markets, different jurisdictions and languages, also in dual language mode. Target markets can also be related to commercial deals and geographical representatives or distributors.

Contract templates for target markets enhance the compliance in business, technical matters and regulatory affairs within any agreement providing also consistent legal language and culture, thus minimizing risks.

Legal Repository & Directory

Nova CLM facilitates consistency by means of a powerful repository of clauses, models and templates for contracts and legal documents, from a simple document such as letter to complex structures of clauses, annexes and subcontracts. Each clause has, for every jurisdiction and language, a series of properties that rule their function and behavior within the draft contract, i.e. fixed clauses, optional or approval-driven, among other properties.

Clauses are classified by type and edited in detail including risks & liabilities, target market, jurisdiction and language. Its cross-referencing system allows the user to find any legal document referring or applying to the clauses.

configuration dashboard for the system managers

A contract structure in Nova CLM is a normalized set of clauses and preambles that compose the draft of each contract. Models in the Repository are structures of provision collections for the every-day use in generating drafts.

Nova CLM manages all kinds of legal documents -not only contracts- such as notifications, reports, non-disclosure agreements, claims and general correspondence with legal impact. For this use it provides basic templates useful for creating new documents aligned with your organization’s criteria.

Beyond contents Nova CLM allows in an easy way the management of parent-child relations between managed documents so that all sub-contracts and related documents are immediately available when navigating through projects.

Contract & legal documents classification

In Nova CLM we provide classes of contract representing internal macrocategories for classification purposes. In addition to classes, internal competence groups or departments are classified as nature of the contract. The combination of both types of classification favors a complete categorization and control of all legal content inside the system.