Contract Lifecycle Management Software for the Automotive Industry

Focus on what matters

CLM challenges faced by the Automotive Industry

The automotive industry is facing various challenges due to fluctuating market demand and supply chain management issues. Stringent environmental and safety regulations, and shifting focus from established to emerging markets are also responsible.

The dawn of new industrial trends such as autonomous cars and shared ownership further necessitate successful contract management systems. They help design a better risk and compliance management framework and better customer service models by streamlining all contract management processes.

Find out how iContract can help Automotive enterprises

Zycus’ Enterprise Contract Management Software enables automotive organizations to streamline all contracting processes. It also helps to reduce risks and design a better compliance management framework:

  • Draft, store, and access all contracts from within a centralized and digital repository
  • Track contract data ensuring all quality compliance documents applicable to automotive industry (like those for ISO/TS 16949) are always valid
  • Navigate through rising pollution, fuel costs and other demands across regions and governments through stringent contract compliance management
  • Perform better risk management and / or jeopardy tracking caused due to evolving business models and assistive technologies acquired through suppliers
  • Author all-inclusive contracts by leveraging pre-approved clause & template libraries. This addresses challenges posed by industrial trends such as autonomous cars.
  • Establish standardized workflows with multiple reviewers and approvers, as required
  • Track milestones, ensure enforcement of penalty clauses, and identify opportunities for vendor consolidation
  • Maintain an audit trail for all the changes made to a contract
  • Automate approvals via dynamic workflows so that multiple scenarios and hierarchies, along with out-of-office approvals can be enabled
  • Slice and dice key contract performance metrics and access reports for greater end-result visibility

Jumpstart Your Contracting Journey

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4 Pillars of Contract Compliance

Find out how to create a strong foundation for boosting enterprise-wide contract compliance

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Designing a Robust Contracting Process
Discover how to design an efficient and future-proof contracting process for your enterprise
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5 Steps to Realizing Value from Contract Management
Minimize risks, improve efficiency and maximize value with effective Contract Lifecycle Management
 

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