Precisely

Precisely is a contract management platform designed to streamline the creation, approval, and execution of contracts. It offers a user-friendly interface where users can quickly draft contracts from automated templates by answering a simple questionnaire. This approach ensures that only new or unique information is required, making the process efficient and compliant.

Key features of Precisely include template and workflow automation, which allows users to input static content, define variables, build conditional parts of documents, and set up formulas to eliminate manual calculations. The platform also supports collaboration by enabling counterparties to fill in missing details during the drafting process. Additionally, Precisely provides smart approval workflows that can be customized to include approvers under specific conditions, ensuring proper authorization before contracts are sent for negotiation or signing.

For security and compliance, Precisely offers legally binding e-signatures with multiple signing options, including Simple, Advanced, and Qualified Electronic Signatures. It also uses TLS encryption and provides options for custom hosting and tenant encryption to protect data. Overall, Precisely aims to automate contract workflows, allowing users to focus on strategic tasks while ensuring compliance and efficiency throughout the contract lifecycle.