17 reasons for smartLCM
Why smartLCM is the right solution for you - an overview of the unique selling points
Martin Schlaghecke, Managing Director of TQG GmbHWith its TQG businessApp cloud platform and the smartLCM product for contract management, The Quality Group (TQG) offers a comprehensive solution that supports you and your organization in digitizing, optimizing and automating contract processes and thus covering all phases of the contract life cycle (life cycle management). This platform comes with numerous unique selling points (USPs) that have a direct impact on your company's benefits.
1. Increased efficiency in contract management: By automating routine tasks such as contract data capture, categorization and monitoring, smartLCM enables significant time and cost savings. Your organization can process and manage contracts faster, which leads directly to increased productivity. The cross-departmental central filing system ensures transparency and efficiency.
2. Increased transparency and control: With smartLCM, all contracts and associated documents are managed centrally, providing a better overview and control over an organization's entire contract portfolio. This leads to improved compliance and risk management. The automation of term calculation and contract date tracking as well as the reminder system ensures that all relevant contract dates are always in view and can be tracked.
3. Security: The TQG businessApp cloud platform offers comprehensive security features, including auditable archiving and regulatory compliance, which helps your company meet its legal obligations and minimize the risk of contract losses. Furthermore, smartLCM offers audit-proof storage of all data, documents and files.
4. Data protection: With robust security measures, smartLCM ensures the confidentiality, integrity and availability of contract data. This is particularly important in a business environment where data breaches can have serious consequences.
5. Compliance and risk management: The platform provides tools and functions to ensure compliance with legal, regulatory and internal company guidelines. It helps identify, assess and mitigate risks associated with contracts and protects the organization from potential legal and financial penalties.
6. Improved collaboration: The cloud-based nature of the platform allows teams to collaborate efficiently regardless of their location. This improves internal communication and enables faster decision-making during contract negotiations.
The combination of state-of-the-art technology, user-centric design and comprehensive security and compliance features makes the TQG businessApp cloud platform and smartLCM a valuable investment for your organization to modernize your contract management processes.
7. Artificial intelligence and automation: The integration of AI enables automatic analysis and categorization of contract content, which speeds up contract review and increases accuracy. This can help your organization identify hidden risks and opportunities in its contract portfolios. Modules and components of smartLCM that can be used for this are smartFilingAssistant, ContractCapture, Document IQ and Contract CoPilot.
8. Adaptability and scalability: The TQG businessApp cloud platform is highly configurable and can be adapted to the specific needs of your company. This ensures that the platform can grow and develop with the requirements of your organization. The roles and rights concept is highly flexible and can be individually configured by the organization itself at any time. The TQG businessApp cloud platform and its apps/businessApps can be freely configured and customized. It is a low-code platform that offers a wide range of integration options via the API.
9. Integration and expandability: The platform can be seamlessly integrated into existing IT landscapes and offers interfaces to third-party software, which simplifies setup and increases flexibility. Furthermore, smartLCM offers robust integration capabilities with other enterprise systems such as ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and DMS (Document Management Systems). This ensures a seamless flow of data between systems, improving data accuracy and accessibility.
10. Configurable and user-friendly interface: The TQG businessApp cloud platform offers an intuitive user interface that reduces training time and increases user-friendliness. This promotes acceptance among your employees and supports efficient use of the platform. Filters, columns, views and apps are freely configurable. The interface is fully customizable with flexible multi-level permissions, businessApps & Apps on demand as well as the integrated workflow engine that offers low code platform with multiple integration possibilities via the API.
11. Advanced analytics and reporting: smartLCM is equipped with advanced analytics and reporting capabilities that provide deep insights into contract performance, compliance and risk. This enables the organization to make informed decisions and optimize its contract management processes.
12. Collaboration tools: The platform facilitates collaboration between stakeholders involved in the contract process and provides tools for communication, document sharing and version control, which are essential for efficient contract negotiation and management.
This platform has numerous Unique Selling Points (USPs) that have a direct impact on the benefits of your company.
13. Process optimization and quality improvement: By digitizing and automating contract management processes, your company can optimize internal workflows and improve the quality of your contract management. This leads to greater satisfaction among customers and business partners.
14. Mobile accessibility: Taking into account the need for mobile access, smartLCM provides mobile access capabilities that allow users to manage and review contracts from anywhere and at any time, increasing flexibility and responsiveness.
15. Cloud computing and SaaS model: The platform is hosted in Germany. Delivered as a cloud service and SaaS (Software as a Service), it offers your organization flexibility, lower IT costs and easy scalability without the need for extensive on-premise infrastructure.
16. Automation and efficiency: The platform relies on automation to streamline contract processes, reduce manual tasks and increase efficiency. Automation can significantly reduce the time and resources required for contract drafting, review and approval processes.
17. Turnkey solution: smartLCM is a turnkey solution that is ready for immediate use. This offers a significant advantage over the option of assembling a solution from individual components or technologies yourself. Direct implementation without the need to integrate different systems or make extensive adjustments saves time and resources. Companies benefit from rapid operational readiness, which shortens the time it takes to achieve return on investment (ROI). In addition, the risks and uncertainties associated with in-house development or the integration of different technologies are eliminated. Customers receive a proven, reliable solution that is based on best practices and is continuously maintained and updated by experts to meet current and future contract management requirements. smartLCM offers standard workflows such as GDPR, LkSG, etc., which can be used directly as best practice solutions.
These core USPs underscore TQG's strategic focus on creating a comprehensive, secure and user-friendly contract management ecosystem that helps your organization realize its digital strategies and remain competitive in the digital age. The combination of cutting-edge technology, user-centric design and comprehensive security and compliance features makes the TQG businessApp cloud platform and smartLCM a valuable investment for your organization looking to modernize its contract management processes. This platform enables contract management to be used as a strategic advantage by emphasizing efficiency, transparency and security to help achieve business goals.
smartLCM contract management software
With the smartLCM contract management software, you and your organization can manage all contract management tasks digitally, easily and transparently. smartLCM is the powerful contract management tool for your measurable success and the basis for transparent and secure information processes.
The basic functions of modern contract management software are contract administration, contract controlling and deadline monitoring. IT integration into existing ERP, CRM or other information systems is easy to implement as part of the project using standards such as the CMIS interface or SAP integration gateways. Whether as an individual workstation or as a global company application: smartLCM contract management can be used across all locations.
