Fabasoft Contracts is a cloud-based contract management solution designed to streamline the entire contract lifecycle, from creation and negotiation to execution and archiving. By leveraging artificial intelligence, it automates data extraction, enhances collaboration, and ensures compliance, thereby increasing transparency and efficiency in contract processes. Key Features and Functionality: - Automated Contract Creation: Utilize customizable templates and clause libraries to generate legally compliant contracts efficiently. - AI-Powered Data Extraction: Automatically extract critical contract details such as parties involved, notice periods, and deadlines, facilitating quick access and management. - Intelligent Search Capabilities: Employ semantic full-text search to locate contracts and specific clauses swiftly. - Digital Signature Integration: Implement advanced electronic signatures in compliance with the EU’s eIDAS Regulation, enabling secure and legally binding contract executions. - Automated Workflows: Streamline approval and review processes with predefined workflows, enhancing collaboration among internal and external stakeholders. - Deadline Management: Monitor contract timelines with integrated calendar views and receive automated reminders for upcoming obligations. - Mobile Accessibility: Access and manage contracts on-the-go through dedicated mobile applications for iOS and Android devices. Primary Value and User Solutions: Fabasoft Contracts addresses the complexities of contract management by automating routine tasks, reducing manual errors, and ensuring compliance with legal standards. It provides organizations with a centralized, secure platform for all contract-related activities, enhancing collaboration across departments and with external partners. The solution's AI capabilities offer real-time insights and analytics, enabling proactive decision-making and risk management. By digitizing and automating contract processes, Fabasoft Contracts significantly reduces processing times and operational costs, allowing businesses to focus on strategic initiatives.