Contract Management

WiZRR, a leading asset management and contract management software, streamlines your business operations. Our powerful platform empowers you to efficiently manage assets, contracts, and compliance. With robust features like automated workflows, real-time insights, and secure document storage, WiZRR ensures optimal performance and risk mitigation.

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    Contract Managament Features

    Amendment Capability
    Allows users to amend requests, enhancing flexibility to make adjustments based on updated requirements or feedback.
    Approval Workflow
    Requests go through a structured approval process, ensuring all contracts are reviewed and authorized properly.
    Information Requests
    Approvers can request additional information, streamlining communication and ensuring clarity before approval.
    Multi-level Approval
    Contracts are reviewed by multiple levels, ensuring thorough examination and adherence to organizational policies.
    Query Resolution
    The initiator addresses any queries from the Department Head or other approvers, ensuring clarity and completeness.
    Decision Tracking
    Contracts are either approved or rejected, providing clear decision documentation and closing the request loop effectively.

    Contract Repository

    The Centralized Contract Repository feature within WiZRR’s contract management application serves as a unified storage solution for all contracts across departments and business units. The repository provides detailed information on contracts, including fields such as contract number, department, contract type, initiator, status, creation date, and effective date. Users can quickly access, track, and manage contracts in one centralized location, ensuring that all relevant stakeholders have real-time visibility into contract statuses and details.By maintaining all contracts in a single repository, the system enhances efficiency, reduces redundancy, and improves compliance. It also simplifies the search and retrieval process, as users can filter or sort contracts by various parameters like department or contract status. Moreover, this feature supports better auditability and accountability by providing a comprehensive overview of active and archived contracts, helping organizations mitigate risks and maintain smooth contract lifecycle management.

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    Contract Creation

     

    The request creation feature in WiZRR’s contract management system allows users to initiate and submit contract requests efficiently. Users can fill out forms with detailed contract information, ensuring all necessary data is captured. This feature supports document attachments, enabling users to upload relevant files, such as drafts or supporting documents. By providing a structured format for contract requests, this feature streamlines the submission process, reduces errors, and ensures consistency in the information provided. It serves as the starting point for the contract approval workflow, facilitating clear communication and accurate data collection from the outset. WiZRR is recognized as one of the best contract management software solutions available. 

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    Contract Approval

     

    The approval workflow feature in WiZRR’s top contract management software is essential for managing contract approvals in a structured and systematic manner. It includes multiple layers of approval, typically involving Department Heads (HODs) and predefined approvers. This feature allows approvers to review, approve, reject, or request more information on submitted contract requests. It ensures that each contract undergoes thorough scrutiny before finalization, maintaining compliance with organizational policies. Automated notifications keep stakeholders informed at each step, and the workflow can be customized to match the organization’s hierarchy and approval requirements, enhancing efficiency and accountability in the approval process. This makes it an integral part of effective contract management tools. 

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    Contract Termination

     

    The Termination of Contract feature in WiZRR’s contract tracking software allows users to end a contract at any point before its natural expiration. This feature ensures that all necessary legal and procedural steps are followed, protecting the interests of both parties involved. Users can document the reasons for termination and ensure that all relevant stakeholders are notified. Additionally, it maintains a comprehensive record of the termination process for future reference. This functionality is essential for managing risks and ensuring compliance, providing a structured and transparent way to handle contract terminations within the legal contract management framework. 

    Contract Amendment

     

    The Amendment of a Completely Approved Contract feature in WiZRR’s contract management tools enables users to make necessary changes to an already finalized and approved contract. This feature allows for the seamless modification of terms, clauses, or conditions while ensuring compliance with legal and organizational protocols. Users can track and document each amendment, gain required approvals, and maintain a comprehensive history of changes for transparency. This functionality is crucial for adapting to evolving business needs and circumstances, ensuring that all contract modifications are meticulously managed and legally binding. It enhances flexibility and control over contractual agreements, highlighting WiZRR as one of the best contract management software solutions. 

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    Contract Clarification

     

    The need clarification feature in WiZRR’s legal contract management software enables effective communication between initiators and approvers during the contract review process. When additional information is needed, approvers can request updates or clarifications from the initiators. This feature provides a mechanism for initiators to amend their submissions based on feedback, ensuring that all necessary details are accurately captured. By facilitating an iterative process of updates and reviews, this feature helps resolve ambiguities, improve the quality of contract requests, and ensure that all required information is provided before final approval, thereby reducing delays and enhancing the overall efficiency of the contract management process. 

    Email  and Expiry Alerts

     

    The email notification system feature in WiZRR’s contract management system ensures timely communication and updates throughout the contract management process. It automatically sends notifications to relevant stakeholders at key stages, such as when a request is submitted, approved, rejected, or requires additional information. This feature keeps all parties informed and engaged, reducing the likelihood of delays due to missed communications. By providing real-time updates, the notification system enhances transparency, accountability, and responsiveness in the contract approval workflow. This feature supports effective workflow management, positioning WiZRR as a leading contract management platform. 

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    Rated 4.9 Stars

    WiZRR has built world class products on Microsoft 365

    Have a question? check these answers.

    It’s the process of managing contracts from creation through execution and renewal.

    Use the “Create Contract” feature and input the required details and terms.

    Yes, use the tracking tool to monitor important dates and milestones.

    Save contracts in a central repository and access them through the contract management system.

    Yes, configure reminders to alert you before contract renewal dates.

    Use the “Amend Contract” feature to modify terms and update the contract accordingly.

    Yes, set up approval workflows to route contracts through the necessary review and approval stages.

    Document disputes and use resolution tools to manage and resolve issues.

    Yes, monitor performance and compliance through built-in tracking and reporting features.

    Use the search function to find contracts by keywords, dates, or other criteria.

    Yes, integrate with financial, legal, and procurement systems for streamlined management.

    Configure access controls to determine who can view or edit contracts.

    Yes, generate and customize reports to analyze contract data and performance.

    Use the “Terminate Contract” option and follow the termination procedures outlined in the agreement.

    Yes, upload and manage documents such as PDFs and Word files through the contract management system.

    Regularly review and track contract terms to ensure all parties meet their obligations.

    Yes, set up automated renewal processes for contracts that have predefined renewal terms.

    Use version control and negotiation tools to track changes and communicate terms.

    Yes, view historical data and archived contracts through the system’s record-keeping features.

    Provide training resources and modules within the system or conduct live training sessions.

    You can login through your M365 login id.

    WiZRR products are built on SharePoint Online. Thus you will need active SharePoint Online License.

    Yes, we do provide proper training and documentation on the WiZRR products deployed

    All WiZRR application data resides on your M365 SharePoint tenant. Our team does not have any access to your data.

    WiZRR applications are deployed on your tenant. .We will charge you a perpetual user license fee and implementation fee. Our pricing is based on the product you sign up for.

    We charge you on one time deployment of our as-is product on your tenant. We charge you our fixed license and implementation fees.

    You can get into an Annual Maintenance Contract with us. In the AMC model ,we support you with any bugs, issues and ongoing support and maintenance.

    Yes, we can customize the application according to your requirements. Our technical team will assess the scope of work, and based on technical feasibility, we will implement the necessary changes.

    WiZRR Applications are built on top of Microsoft 365 (M365) which offers robust document and content security through features like encryption, Data Loss Prevention (DLP). Multi-Factor Authentication (MFA) and conditional access enhance identity protection, role-based content access. Advanced Threat Protection (ATP) guards against malware and phishing. M365 also supports compliance with audit logs, and eDiscovery. Secure collaboration is enabled via external sharing controls and guest access, and endpoint protection is ensured through Microsoft Defender and Intune. The platform’s Zero Trust model ensures comprehensive protection for documents across various access points. This is entirely governed by Microsoft based on your license type

    WiZRR offers a wide range of modules, covering major processes of any organisation like Intranet Portal, DMS, Travel and Expense, Claims, Approval Workflow, Procurement Management, Contact Management, Audit Management, Task Management, Performance Management, Project and Timesheet, Recruitment, Incident Management, Conference Room Booking, Helpdesk and Report Builder.

    Yes, WiZRR assist their client by providing training through train the trainer program.

    We charge one time deployment and implementation fees for our product. However, to tackle any bugs and issues client is requested to have AMC contract.

    Client can report issues on [email protected] for any bugs or issues. A support executive will take the action further.

    Yes, all WiZRR’s modules are SharePoint based applications and requires Microsoft 365 licenses to access them.

    Implementation includes setting up the environment, setting up master data, setting up user permission, and setting menu permission all as per the company policy.

    Raise an inquiry through website contact us form or can get in touch with our sales executive through the number shared on the contact us page and our sales executive will take it further from there.

    Yes, we can try for SharePoint On Premise on SharePoint 2016 or 2019, there may be few changes though.