Let’s take a quick tour through law view’s contract management capabilities. What we’re gonna look at today are key features that our customers use to create a valuable contract repository for the business, streamline the contract process end to end, and leverage data to improve operations and showcase business value.

This is the law view, legal workspace, and what we’re looking at here is the general counsel dashboard. Which is a consolidated view of key metrics for all of our legal work. Now, one of the most unique things about law View is that it’s not just ACL M, it’s a workspace, and that means that matter and contract management are fully integrated in the platform, and you have the option to include spend, management and e-billing if you want to.

Now, this all means that you can consolidate your legal workflows, intake, and data in one place for context and total visibility. Now in this demo we’ll focus on core CLM capabilities, but if you wanna learn more about the benefits and features for managing matters and contracts together, just book a demo with us anytime.

Alright, let’s start with the hub. The hub is my personal dashboard. It has quick access to things I’ve been working on, in this case, matters and contracts at various stages of their lifecycle. It’s also got workflow tools like the planner, which includes key contract dates and this actions widget that lets me know that I need to review some contracts as part of our standard approval process.

This is my personalized workspace view, but let’s jump into the full contract repository. So now what we’re looking at is what we call a contract grid, and it’s a great way to see that law view is a full contract repository for the business. We have a total view of all the contracts in the system. Okay.

As well as these curated lists or views, we can see valuable data that’s been captured, like lifecycle stage, expiry, dates, associated matters, and the departments that we’re doing the work for. And these save views, like the ones we saw in my hub are here as well. It’s quick and easy to make these views using any fields in the repository.

You can save, share, or export them at any time. That’s great for reporting, taking action, and giving everyone the visibility that they need to manage contracts. Another huge advantage of a centralized repository is that it’s fully searchable, so anyone who has access in your team can find and retrieve the information that they need quickly.

Having all of your contracts in one place reduces risk, saves time, creates business continuity, and gives you valuable data that you can use across the business. But of course, everything has to get into the system, and you want your CLM to be more than just a repository. So let’s step back and we’ll take a look at the way that contracts get into the system, and key features that create efficiencies across the contract management lifecycle.

There are three main ways that a contract can get into law view. The first is a bulk upload, which a lot of customers take advantage of off the bat to get historical data into the system and start building out their repository. Secondly, your legal users or anyone who needs the full ability to create or review contracts can add or create them directly in law view.

Here we have two options. One is to upload a contract and create a record using standard fields and forms. This is great for consistent data capture, search and reporting, and it kicks off the rest of the lifecycle. A second option is using a wizard, effectively, a master template. And in this case, I just fill out some key fields and a contract is automatically generated and stored in the system.

We also have integrations to support the same process. For example, email integration is one of the most popular ways to get contracts into law view at any stage. Now, last but not least, let’s look at the experience for the rest of the business. This is the law view business portal, often called a legal front door or intake portal.

And again, it’s unique to law view that it’s integrated for all legal work. A business user just has to go to one place to make a request for legal advice or for contract review. And just like we saw earlier, there’s a structured form here to capture key information so you waste less time back and forth.

One thing our customers get a ton of value from is self-service contract creation. So let’s see how easy that is for business users to generate their own contracts without involving legal at all. This is a wizard that uses our master NDA template, just like we saw earlier. And all I have to do is fill in the necessary information, the contract gets generated, and it can go directly for e-signature or run through an approval process.

This is a huge time saver for everyone, and the business portal also has ways for business users to monitor requests and manage their own contracts. So now let’s open a contract that’s going through draft and negotiation. Key details and the document itself are all stored here in the overview. You can quickly give and request status updates.

You can also see who will need to approve the contract and store supporting files. You can capture and track email correspondence, or you can use this embedded conversation tool to collaborate with stakeholders without having to jump to another system. As a contract moves through its lifecycle, you can use our word add in or RA compare to keep track of versions and compare changes.

So next up we’ll look at the review and approval stage of your contract lifecycle if you wanna automate your contract approval process so you don’t have to spend time manually chasing approvals or worry about things falling through the cracks. This simple contract approval workflow builder is definitely a feature that you’ll wanna use.

Now, let’s go back to the contract itself. Here’s my approval notification based on the workflow that we just looked at. There’s an embedded document comparison tool that’s lighter to see the difference between versions. AI features can be super helpful at this stage. This one is called AI extraction.

Basically, we’ve set our CLM up to identify key clauses for certain types of contracts. So all I have to do is jump to each one. Instead of spending my time scrolling and reading, and I could use this AI feature to extract key dates and get them into the CLM, and now I’m ready to approve the contract. If the contract needs signing, you can use one of our e-signature integrations.

And finally, let’s look at reporting capabilities. This is an out of the box CLM dashboard with a wide variety of contract reporting information. We have a summary of key metrics at the top. And as we move down, we’ll find visualizations to help us take action on key dates, report on turnaround times, communicate with stakeholders, and showcase legal value to the business.

The report is interactive, so you can sort, filter and dive deeper on specific metrics without spending a ton of time crunching. Numbers are creating graphs and it’s embedded with other reports like the GC dashboard that we started on. So now we’ve seen key features in law view contract management, including ways to centralize requests and enable your business to create their own contracts.

A fully searchable repository with the notifications and visibility that everyone needs to manage key dates and risk, and ways to streamline activities all across the contract management lifecycle, including AI features and reporting. If you’d like to learn more about specific features, workflows, or use cases for law view contract management to schedule a demo, and one of our experts will answer all of your questions.