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Description

Lack of clarity regarding the number of active contracts, their storage locations, and the individuals accountable for them can significantly heighten your organization's exposure to unnecessary risks. Are your contracts dispersed throughout various departments? Can you swiftly search for and access the most recent versions? Do you have a comprehensive understanding of all impending termination and renewal dates? Are you potentially paying for services that you are not actually receiving? Are contracts being executed without undergoing a thorough review by your legal team? As the volume of contracts within your organization increases, it becomes increasingly challenging to monitor their locations and the responsible parties. If contracts are not effectively managed, they could place your business at risk for substantial losses due to unclaimed benefits or compliance violations. To mitigate these risks, it is essential for your organization to implement a contract management solution that oversees the entire lifecycle of contracts, encompassing everything from initial requests and approvals to managing obligations and renewals, thereby ensuring better oversight and reduced risk. Such software can not only streamline processes but also enhance accountability across the organization.

Description

contractSILO: Smart, Secure & Simple Contract Management for SMBs & Freelancers contractSILO simplifies and secures contract management for freelancers, small, and medium-sized businesses (SMBs/KMU) in Germany and globally. Designed for non-legal users like owners, sales, purchasing, and admin staff, this user-friendly web platform ends the frustration of scattered documents, missed deadlines, and tedious manual data entry. Centralize all your contracts effortlessly in one secure, easily searchable online repository. Leverage the power of our unique AI Scan feature, powered by OpenAI, which automatically reads your contracts upon upload, extracts critical information like dates, values, and parties, and populates the system – saving significant time and ensuring data accuracy. Stay reliably informed with automated reminders for important deadlines, renewal dates, and notice periods, preventing costly oversights. We prioritize your data security above all. contractSILO is hosted exclusively in Germany within state-of-the-art, ISO 27001 certified data centers, guaranteeing top-tier physical and digital security, alongside full DSGVO/GDPR compliance for your complete peace of mind. Gain unparalleled financial clarity linked directly to your agreements. Track contract values, manage finances across multiple currencies with easy consolidation into your main currency, and monitor contract-specific cash flows, income, or expenses. Collaborate effectively with your team using role-based permissions for secure access, and utilize the platform's clear reporting features for better insights. Get started immediately with the generous Free version or explore all premium capabilities risk-free with a comprehensive 14-day free trial – no credit card required.