Cygnet Infotech Partners with smartContract CLM
Cygnet Infotech has announced a partnership with smartContract CLM to augment its existing digital signing solution, Cygnature, and provide a comprehensive contract lifecycle management (CLM) solution to its customers. Cygnet Infotech aims to establish a significant presence in the Cloud-based CLM segment by leveraging and integrating CLM capabilities into its Cygnature platform, catering to a global market that is expected to reach $2.2 billion by 2024. This collaboration will allow businesses to improve the contract creation, review, execution, and post-execution experience for all business functions while increasing compliance with the broadest range of legal requirements and adhering to the most stringent security standards.
According to multiple reports, organizations in India lose 9.2 percent of their revenue each year due to poor contract management practices, and this partnership will aid in reducing these losses for Indian businesses.
Yogesh Lokhande, Business Head. Cygnature, said in a statement that they assist clients in accelerating their Digital Transformation by leveraging connected ecosystems. Their partnership with smartContract CLM, a reputable Contract Lifecycle Management provider, will keep them at the forefront of providing unique CLM solutions for organizations’ business challenges. They are confident that by combining Cygnature and smartContract CLM, they will be able to unlock even more efficiencies for businesses and strengthen their position as a preferred digital contract signing and management solution.
smartContract CLM is distinguished by its flexible configuration and ability to be tailored to specific business requirements. It includes advanced features such as AI-powered My Contract Assistant, robust obligation management, Word Add-In, and Email Add-In.
Amit Garg, Founder, smartContract CLM, said in a statement that integration with Cygnature improves their ability to provide their clients with an end-to-end contract management experience that is consistent and simple, including the ability to digitally create, execute, understand, and manage contracts. smartContract CLM is a leading CLM system that is trusted by some of the largest organizations and is adaptable enough to solve contracting challenges as they arise. Both companies will benefit from each other’s core technological capabilities as a result of their collaboration with Cygnature, providing a more technologically advanced solution for every contract management need.
Originally published at https://itvarnews.techplusmedia.com on September 27, 2022.