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Lexagle’s cutting-edge platform streamlines every stage of the contract management lifecycle — from kick-off and approval to negotiation and management. With improved compliance and exceptional results, Lexagle ensures you achieve contractual goals with ease.
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Discover how Lexagle, the premier contract management platform, simplifies and supercharges smart contracting. Trusted by Forbes Asia's Top 200 companies, government institutions, publicly listed companies, global financial institutions, REITs, and non-profit organisations, Lexagle’s
contract management platform delivers unmatched convenience and efficiency.
With robust security, advanced analytics, and multi-jurisdictional support, Lexagle empowers your business to achieve unparalleled contract excellence. Lexagle is the contract lifecycle management solution that ensures seamless automation, compliance, and oversight across global operations.
A contract management platform is a software solution that facilitates and automates the processes involved in every stage of the contract lifecycle, i.e. requesting, drafting, negotiation, approval, execution, performance, compliance, and renewal.
Contract management platforms may be adopted by various organisations across industries, including enterprises, government agencies, non-profit organisations, and legal departments. It is primarily used by professionals involved in contract administration, such as contract managers, procurement teams, legal counsels, and compliance officers.
Organisations implement contract management platforms for several reasons:
An example of contract management is the process of drafting, negotiating, and finalising a service agreement between a company and a vendor. This may involve multiple iterations, revisions, and approvals, which can be efficiently managed using a contract management platform.
Contract management can be categorised into different types based on the nature of contracts and the industries involved. Some common types include:
Contract management is the process of managing the entire contract lifecycle from the creation of a contract, contract negotiation, signing, storage, and retrieval.
eSignatures are not only recognisable in court, but they also help spearhead business efficiency with several key benefits.
Lexagle streamlined the Company's complex contract management processes which led to a sharp reduction in time taken for approvals and overall contract closing.
The six stages of contract management are Drafting, Negotiations, Approvals, Signing, Storage, and Retrieval.