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What is Contract Data Management?

Mochadocs CDM connects the people, processes and data involved in business contracts so companies can execute smarter agreements, faster.

 

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Mochadocs - Contract Data Management

Business went digital, contracts didn't.

 

Over the past 30 years, business underwent a huge digital transformation. Sales got CRM. Procurement got cloud ERP. Teams got Slack, Zoom and collaborative docs. As a result, the pace of business is faster than ever.
 
But contracts haven’t kept up. They’re still slow, disjointed, and inscrutable — causing friction for businesses that need agility more than ever.

Why were contracts left behind?

 

Contracts have proven hard to digitize. Here’s why.

 

Contracts vary, a lot. Software works well on deterministic problems; contracts have a ton of variation. It’s a challenge to capture all those variations in a single system.

Contracts are multiplayer. Contracts are the product of complex collaboration between stakeholders across the organization. It’s a challenge getting all these people to use the same tool.

Contracts are hard to understand. Contracts can be inscrutable to humans and computers alike — we need legal professionals to interpret them. Digitization is constrained by the amount of time these professionals can spare.

 

Mochadocs - Contract General - Typewriter V4

 

Mochadocs - Contract General - Signed Document ALT 3 V2

 

The False Promise of CLM

 

 

Since the 2000s, legacy contract lifecycle management (CLM) tools have promised faster, more efficient contracting. But all have failed to deliver value. They’re time-consuming to implement, difficult to use, disconnected from systems and people, and unable to manage a variety of contract types. Why? They address the symptom of analog contracting — not the underlying challenge.

Mochadocs - Contract General - Software Migration

 

The Power of
Contract Data Management

 

Contract Data Management empowers businesses to achieve mission-critical goals. It unlocks operational efficiency, streamlines cross-functional collaboration, and minimizes risks with its core features:

Every Contract, Every Process

Contract Data Management supports all types of contracts, from sales to procurement to marketing and HR. But it goes far beyond what’s in the contract — it also facilitates every process required for contract creation, negotiation, approval, signature, management and storage.

Powerful Workflows

Business moves fast. New contracts and processes need to be launched and updated in minutes, not months. Contract Data Management enables agile, adaptable support for contracting across the business. Mochadocs no-code workflow designer makes it easy for any team to design and deploy automated approvals and business processes.

Designed for the Modern User

The era of clunky, hard-to-use contracting software is behind us. Modern users across the business demand simplicity and intuitive consumer-grade UI and UX — otherwise the software just won’t get used. Mochadocs offers simple and intuitive experiences at every touchpoint for business users and administrators alike.

Integrated across the business

Contracts touch every part of the business. Mochadocs Contract Data Management enables deep integration with systems of record in sales, procurement, finance, cloud storage, eSignature and more. It simplifies and enables the creation and the management of your contracts. 

Powerful collaborative

Scattered emails and communications are major blockers in your increasingly interconnected world. Decisions involving multiple stakeholders need to be made quickly and with the latest and acurate shared information. The Mochadocs Contract Data Management Platform makes collaboration and negotiation frictionless and productive.

Searchable and reportable

What nonstandard terms did we agree to with the client? Which of my vendor contracts renew next month? Contract Data Management enables businesses to not just store, but unlock all the critical business intelligence that lives within contracts. With a centralized, searchable smart repository, you can answer questions about agreements in seconds.

“Contracts can be searched and retrieved

within 20 seconds!”

 

- Marcel van Toer, CIO -

DirectPay 224 x 100

 

Used by teams across your company

  • Sales
  • Procument
  • Finance
  • Marketing
  • Human Resources
  • IT
  • Legal
  • Logistics

Used by every kind of industry

  • Healthcare
  • Financial Services
  • Technology
  • Non-Profit
  • Marketing
  • Automotive
  • Manufacturing
  • Food and Beverages

Data Driven Contracts for a Data Driven World

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