It aims to facilitate comprehensive Contract Lifecycle Management by augmenting its blockchain-based e-signing platform Cygnat
Cygnet Infotech has announced a partnership with smart contract CLM to augment its existing digital signing solution, Cygnature, and provide its comprehensive contract lifecycle management (CLM) solution to customers.
Catering to a global market projected to reach a size of $2.2 billion by 2024, Cygnet Infotech aims to establish a significant presence in the Cloud-based CLM segment by leveraging and integrating CLM capabilities into its Cygnature platform.
This partnership will enable companies to elevate contract creation, review, execution, and post-execution experience for every business function while increasing compliance with the broadest legal requirements and following the most stringent security standards.
Researchers have concluded in multiple reports that organizations in India lose 9.2% of revenue annually due to poor contract management practices.
This partnership will help reduce these losses for enterprises in India.
“We help clients accelerate their Digital Transformation through connected ecosystems. Our collaboration with smart-contract CLM, a trusted Contract Lifecycle Management provider, will ensure that we are at the forefront of offering unique CLM solutions for organizations’ business challenges. We are confident that with smart-contract CLM, Cygnature will unlock even more efficiencies for businesses and strengthen its position as a preferred digital contract signing and management solution.”Yogesh Lokhande, Business Head Cygnature, elaborated,
Distinguished by its flexible configuration and the ability to be tweaked to specific business requirements, smart-contract CLM boasts of advanced features such as AI-powered My Contract Assistant, robust obligation management, Word Add-In, and Email Add-in.
“integration with Cygnature further enhances our ability to deliver an end-to-end contract management experience with seamless consistency to our clients, including the ability to digitally create, execute, understand, and manage contracts with simplicity. Counted amongst the leading CLM systems available today, smart-contract CLM is trusted by some of the largest organizations and is flexible enough to solve contracting challenges as they evolve. With our association with Cygnature, both companies will benefit from each other’s core technological capabilities and provide a more technologically advanced solution for every contract management need.”Amit Garg, Founder of smart-contract CLM, said,
About Cygnet Infotech:
Cygnet Infotech is a leading digital engineering services company. Apart from our Services offerings, we have our own suite of accelerators and products.
We work with clients across multiple countries, including Fortune 500 enterprise corporations, medium-sized businesses, fast-paced start-ups, and Government Bodies.
We have teams across various regions, and our solutions include Technology Services, E-signing, RPA, Test Automation, Tax Technology, and Fintech.
Aligned with our vision of providing technology-enabled business solutions, Cygnet Infotech delivers end-to-end solutions for clients’ most pressing business needs. Cygnature, by Cygnet Infotech, is a leading blockchain-based e-Signing solution – www.cygnature.io
About smartContract CLM: