The Agreement Centre is a digital vault for storing, managing and executing contracts and agreements.
It provides a secure platform for you to handle your legal documents, agreements and contracts efficiently. It takes you from a legacy paper-based system to a modern, digital approach, allowing you to access your agreements anytime, anywhere.
Gone are the days of managing legacy paper-based contracts and agreements, wet signatures and filing cabinets.
The Agreement Centre allows you to migrate your existing contracts and agreements to a digital format, enabling you to sign and manage them electronically. This transition not only saves time but also reduces the risk of losing important documents.
As a contract issuer, you can remain in control of the signature process. If you wish the counterparty to sign the agreement first, you can set the signing order accordingly. This flexibility ensures that the agreement process aligns with your business needs and preferences. When the document is signed by the counterparty, it will remain in ‘draft’ form until you approve. This allows you to verify the counterparty has completed the document as expected before it is executed.
Once executed, the system will automatically generate an executed PDF copy of the agreement and send a link to both parties. This ensures that both parties have access to the final, signed version of the agreement for their records.
When a contract or agreement is signed, the Agreement Centre generates a unique verification key for each document. This key can be used to verify the authenticity of the document and ensure that it has not been tampered with.
Either signing party can login to the Agreement Centre at any time and view the signed document along with its verification key, providing transparency and trust in the agreement process.
The verification key is an advanced hash of the contents of the document, and any change to the document will result in a different hash, making it easy to detect any alterations.
The Agreement Centre can be used by your suppliers also. Removing inefficiencies within the supply chain is key to ensuring the supply chain operates efficiently. By rolling out the Agreement Centre to your suppliers, you can ensure that all agreements are managed in a consistent and secure manner, reducing the risk of disputes and improving overall efficiency.
Suppliers can set privacy levels on documents they upload, should they wish for the contracts to remain private to them and their counterparties. They can also choose to share the documents with you, allowing you to have visibility into the agreements that are relevant to your business.
When a document is uploaded, the Agreement Centre automatically indexes the content, making it easily searchable. This feature allows you to quickly locate specific agreements or clauses within your contracts, saving time and improving productivity.
This also allows you to analyze your agreements for trends, common clauses, and other insights that can inform your business decisions. Certain clauses can be flagged for review, and you can set up alerts for when specific agreements are due for renewal or require attention.