TrustHall - Contract Management System

TrustHall by WNS-Vuram is a fully configurable, user-centric solution for agile enterprises. You can generate, organize, collaborate, review, store, and track contracts effortlessly across the organization in a single application. With built-in configurable workflows, clause bank, reusable templates, centralized storage, AI / ML-based actionable intelligence, version comparison capabilities, flexibility to adapt to business models, and multi-language support, WNS-Vuram’s TrustHall can be seamlessly extended to manage the entire contract life cycle for enterprises.

Here are the challenges/problems TrustHall solves:

Contracting Risks: Reduces contract risk with Doc AI capabilities that help organizations understand the clause differences and thereby improve negotiations

Inefficient Negotiation Process: Extract key attributes, categorize and classify contract clauses to automatically generate context-based clause comparison match scores for collaborative and efficient negotiations

Complex Contract Flows: Simplifies complex approval flows, hierarchy, department & organization structure with business-process-specific configuration options for business users that require very minimum efforts for additional changes to fit the application to the industry layer

Large Volume of Contract Data: Establish CLM best practices and performance metrics even if your enterprise frequently manages a large volume of complex contracts with suppliers and customers

Lack of Visibility: Better visibility over contract process, data, obligations, and renewal as well as performance tracking with a single view of all contracts and contract metadata in a unified interface

Delays and errors: Overcome the delay in the contract life cycle, errors caused by manual handling of contract data, risk of regulatory compliance, and fragmented manual process

1.DOC AI: Improve visibility and reduced risks with AI-enabled contract classification, data digitization & Extraction

2. Efficient Workflow Management: Effortlessly create multiple approval groups for any contract type with configurable workflows & handle end-to-end contract life cycle.
3. Speedy contract creation: Easily create contracts single/bulk, choose any available template, fill variables, and generate contract documents in no time.
4. Clause and Template Management: Add terms and clauses to the templates and handle different versions, auto-update of terms and clauses. Add parameters to clauses, sections, and templates and generate values dynamically during contract creation.
5. Centralized Document Storage: Create multiple contracts and store versions in dedicated folders. The system comes with the inbuilt capability to integrate with Sharepoint, Google Drive
6. Configurable notifications: Get notified of any change made to the clauses and templates. Configure contract-specific notifications and milestone reminders to avoid undesired expiry or late contract renewals.
7. Prebuilt reports: Get detailed reports on contract status, different contract types, date of expiry, contract cycle time, etc.
8. Multilingual Support: The application supports Spanish, Dutch, and English, and it is compatible with mobile phones, tablets, and desktops.
9. Hassle-free Approvals: Edit, comment, or red line in the contract document during approvals and negotiation. Easily track obligations and approvals. Signatories can e-sign the contract documents.
10. Contract search: Secured, searchable repository. Locate contracts better and faster with metadata, text search
11. Smart Admin Configurations: Configurable signatories, Email Template configuration, Site Branding configuration, Parallel workflow, etc.
12. AI-powered clause creation - Get AI suggestions to create and phrase your clauses with proper context.

Recent releases of TrustHall Include, 1)Custom reports 2)Improvements in obligations 3)Workflow Improvements - SLAs & Escalation 4)Improvements in UI/UX 5)Improvements in custom fields