Obligations Hub
Centralized visibility of every contractual commitment.
After a contract is signed in Contracts Studio, it flows into your Obligations Hub ensuring every commitment is automatically identified, and ready for assignment as you start monitoring all contractual duties ensuring compliance and preventing costly oversights.
Features
Easy to get started.
AI-driven extraction and assignment.
You will know automatically which contracts need obligations tracking. Lawyal.ai will then extract and translate contract obligations into actionable tasks and assign it to departments and individuals aligned to your people structures and responsibilities – reducing manual effort, saving time dramatically and eliminating errors and misses.
Robust assurance.
Evidence-based compliance.
You not only get actionable tasks and responsibility assignments, you get reminders for completing the tasks to fulfil the compliance requirement, and you expect your teams to evidence each compliance through artifacts to avoid ambiguity in adherence. You also get the ability to conduct sample audits on compliances levels and evidences uploaded – building further confidence in the assurance program.
Build trust with customers.
Mitigate risks.
All departments from all business units and all regions come together and collaborate in the Hub to improve compliance levels of contracts. You exercise cross-functional oversight through dashboards and real-time reports and stay ahead of the deadlines through early warning signals. The customers appreciate the superlative delivery. You will not only avoid costly disputes, but you will also cultivate lasting business relationships with customers.