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Streamline Contract Management with Backrun’s Intelligent Solutions
In today’s fast-paced business environment, managing contracts efficiently is vital for success. Backrun offers a comprehensive contract management platform that empowers businesses to automate and streamline their contract workflows.
Overview
Our intelligent contract management system is designed to address the complexities of contractual obligations by providing multi-channel integration and advanced AI extraction capabilities. This allows you to monitor, manage, and optimize your contracts seamlessly, ensuring compliance and minimizing risk.
What You Can Do
- Multi-Channel Integration: Configure connectors for email (Office).
- PDF Vector Setup: Install PDF Vector node and configure API with enterprise.
- Database Configuration: Set up PostgreSQL/MySQL for your contract repository.
- Template Library: Upload your standard contract templates for approval.
- Risk Framework: Configure risk scoring matrix specific to your industry.
- Approval Matrix: Define routing based on contract value and type.
- CRM Integration: Connect with Salesforce/HubSpot for account management.
- Notification Setup: Set up Slack/Teams channels and email distribution.
- Dashboard Creation: Create connectors for Tableau/PowerBI for executive reports.
- Security Configuration: Ensure encryption, audit logging, and role-based access.
The Problem It Solves
Contract management can be laborious, often leading to missed deadlines and compliance issues. Backrun’s platform simplifies the entire process by:
- Automating workflow and approval processes.
- Monitoring and allowing easy retrieval of contracts.
- Providing insights into risk, ensuring compliance across legal, financial, and operational areas.
Setup Instructions
- Multi-Channel Integration: Configure connectors for email (Office).
- PDF Vector Setup: Install the PDF Vector node and configure the API with your enterprise solution.
- Database Configuration: Set up PostgreSQL/MySQL for a robust contract repository.
- Template Library: Upload standardized contract templates for easy access and approval.
- Risk Framework: Develop a risk scoring matrix tailored to your industry.
- Approval Matrix: Create routing protocols based on the contract’s value and type.
- CRM Integration: Link your system with Salesforce/HubSpot for streamlined opportunity management.
- Notification Setup: Configure Slack/Teams channels and establish email notifications.
- Dashboard Creation: Set up connectors for Tableau/PowerBI for valuable insights.
- Security Configuration: Enable key security measures, like encryption and audit logging.
Key Features
- Intelligent Intake System: Monitor email attachments and shared folders.
- Advanced AI Extraction: Extract over 50 data points, including nested obligations.
- Multi-Dimensional Risk Scoring: Analyze legal, financial, and operational risks comprehensively.
- Clause Library Comparison: Compare against approved templates and flag discrepancies.
- Obligation Management: Track deliverables, milestones, and service level agreements (SLAs).
- Dynamic Approval Routing: Utilize AI to determine routing based on risk scores and contract specifics.
- Version Control & Redlining: Maintain full audit trails of changes.
- Salesforce Integration: Easily sync contract data with your Salesforce account.
- Predictive Analytics: Use analytics to forecast renewals and negotiate better terms.
- Bulk Processing: Efficiently manage M&A due diligence with parallel processing capabilities.
- Multi-Language Support: Process contracts in over 15 languages, automatically.
- Executive Dashboards: Gain real-time visibility into your contract portfolio and associated risks.
Customization Options
Backrun allows complete customization of the contract management system, ensuring it aligns perfectly with your business needs. Whether it’s integrating with existing tools or adapting workflows, our solutions are designed for flexibility.
Ready to enhance your contract management process? Let Backrun show you how to automate your backend operations so you can focus on growth, not grunt work. For inquiries, email us at hello@backrun.us.
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