Axsar Contracts AI

Description of Axsar Contracts AI

Axsar Contracts is a simple Contracts Lifecycle Management (CLM) solution.
"According to the Global Contract Management Association - IACCM - more than 80 percent of businesses struggle to simply find their contracts. Nine percent of revenue leaks annually (per McKinsey & Co) and 40% of contract value is lost (per KPMG), all due to poor contract management."
Old Way
– Contracts are stored in file folders.
– Contracts are tracked in Excel sheets.
– No tagging available.
– Use multiple eSignature solutions.
– Pay per signature fee.
– Pay per user accounts.
Outcomes
– Difficult to find contracts.
– No way to access them on mobile.
– No notifications on expiring contracts.
– Easy to miss contract expirations.
– Easy to miss contract auto renewals.
– Paying multiple vendors for Digital Signatures and Contract Management.
New Way
– Contracts are stored in a centralised repository.
– Contracts can be tagged with any values that make sense to you and used in easy search and filtering.
– Contracts can be tracked on a visual board.
– Send contracts for digital signatures using the same system.
– No separate charge per signature.
– Just forward your existing contracts to a specific email inbox, and contracts will be automatically created in the system.
Outcomes
– Super easy to find contracts with blazing fast search.
– Access your contracts on web, iOS and Android with the same user experience.
– Notifications on expiring contracts so you never miss any contracts.
– Simple pricing.
– Same system for contract creation and contract management.
– Very easy to import existing contracts for tracking.
Use Cases
Legal
Contract creation, contract negotiation and approval, setting up template libraries, storing existing contracts, records retention and searching contracts are essential for legal teams.
Sales
This use case focused on the needs of sales stakeholders. Requesting a contract and searching existing contracts are key to sales stakeholders. Sales contracts are often also known as sell-side contracts.
Procurement
This use case is characterized by the priorities of procurement in the contract management process. Key capabilities needed by procurement organizations include searching contracts, updating and renewing contracts, manage contract requests, and store supplier contracts. Procurement contracts are often also referred to as buy-side contracts.
Enterprise
A use case focused on managing multiple contract types across the enterprise, including both buy-side (supplier), sell-side (customer) contracts and other contracts such employment contracts. It supports collaboration among key stakeholders, including procurement, sales and legal
You can access your contracts, vendors/customers, contacts, contracts history, activities and access them wherever you are.
Power Contract Repository
-Access your contracts, companies and contacts instantly.
Seemless Digital Signature Tool
- Create new contracts and send them to signees for digital signatures
- Create contract templates to simplify contract creation
- Digitally e-sealed contracts
Super fast faceted search
Activities, Reminders and Alerts
- Never miss expiring contracts
Security
- Enterprise grade security, certified Google data centres
- Infrastructure security, ISO 27001 certified data centres that provide SOC 1, 2, and 3 reports, physical safeguards, redundant networking and power, and 24/7 professional security staff.
- Strong encryption
- Sign new contracts & manage existing contracts
- Chat with contracts using Gen AI for review and analysis and to extract insights
- Look up contract, and customer details on the go.
- Access files related to your contracts, accounts, and contacts.
- Create deadlines, meeting and call notes - instantly synced to web app.
Use it anywhere, on mobile or web.