Solution for Finance Teams
Expedite revenue recognition and eliminate bottlenecks.
Finance teams face a complex array of challenges when it comes to contracts. They carry the responsibility for financial profitability, on-time payments, and pricing changes. But managing all of this without contract management software to provide reminders and reports is nearly impossible.
Solutions to Strategic CLM Solutions for Finance Leaders
Finance Use Cases
Audit Readiness
Centralized contract repository with built-in alerts and reminders for key milestones and obligations. Be audit ready — actively manage contract terms and conditions to mitigate risks and avoid costly penalties or complications. Monitor agreements, providing red flag notifications when documents or clauses are not compliant.
Cost Control
Manage and control costs associated with contracts. Visibility into financial obligations, such as payment terms, pricing, discounts, and penalties. By effectively managing contracts, finance professionals can ensure compliance with agreed-upon terms and conditions and avoid unnecessary expenses.
Vendor Management
Discover and report on vendor contracts. Ensure a clear understanding between your organization and its vendors/suppliers.
MSAs
Drive efficiency through your Master Services Agreements. Control transactional processes like amendments, renewals, and negotiations to minimize risk.
Integrations
Streamline workflows and automation while reducing the cost and complexity of processing and managing contracts across departments. Leverage CLM integrations like SAP, DocuSign, Adobe Sign, Hubspot, Salesforce, and more.
Keep P&L in check
Productivity at your fingertips.
Hit revenue targets with ease.
Just because a contract is mutually agreed upon, doesn’t mean it is mutually beneficial. Missed contract commitments can incur financial penalties, and auto-renew clauses that go ignored can lock parties into unwanted agreements, impacting your bottom line. With effective contract software by your side, it’s possible for finance teams to properly structure contracts and safeguard profitability. Through automation, artificial intelligence, and reminders, stay on top of payments and price changes and reduces the worry of missing key financial terms.
Close deals quicker and align with other departments.
Our clients have achieved remarkable results. Reducing time to close by 50% or more and gaining complete visibility of their deals. Malbek provides your teams with the tools to become strategic value creators and eliminate potential revenue loss by at least 20%. Negotiate better deals and close them quickly. Integrate directly with an ERP like SAP, or a CRM like Salesforce, Hubspot, or Dynamics.
Benefits of contract lifecycle management
Malbek CLM for Finance
Ensure mutually beneficial contracts for better customer relationships.
Avoid penalties from missed financial milestones.
Empower your negotiations with favorable terms and cost reductions.
Elevate your teams and improve profit margins in the process.
Latest blog posts
Dig a little deeper
Colin Levy
November 26, 2024
Contract of Adhesion – What is an Adhesion Contract & When to Use It
What is a Contract of Adhesion? A contract of adhesion contract, colloquially known as a take it or leave it contract, is a legally binding agreement where one party sets the terms and conditions, and...
malbek
April 18, 2024
Malbek Launches ‘Contract Lifecycle Management (CLM) For Dummies’ Book
Published by Wiley, a must-read guide through the CLM landscape with ease and clarity. Princeton, N.J., April 18, 2024 (GLOBE Newswire) — Malbek, a leading provider of contract lifecycle management ...
Jonnie Castorino
November 19, 2024
Contract AI – The Dos and Don’ts of Using AI in Legal Workflows
In the last two years, artificial intelligence (AI) has revolutionized various aspects of contract management, becoming increasingly adopted in legal workflows. AI-powered contract lifecycle managemen...