Contract Execution And Approval

Contract execution is a critical stage of the contract negotiation process. At this point in the process, you will have decided on a final agreement. Now it is time to sign and finalize the contract, meaning you want to ensure you caught everything, that nothing is missing, and that all necessary parties have approved the agreement. Contract execution is the most important step in the contract management process.

What is an executed contract?

An executed contract is a finalized contract agreement that has passed the sign stage and has been agreed to by all parties involved. The agreement is now effective and enforceable. The executed agreement creates a contractual relationship between two or more parties and each must now fulfill the legal obligations they agreed upon in the written agreement.

Improve contract execution and orchestrate approvals with dynamic workflows that comply with all company policies. Robust, highly configurable rules increase flexibility while driving approvals and executed contracts.

Dynamic Approval Workflow

Leverage all the data associated with a contract using rule-based workflow definitions. The Icertis platform automatically assembles workflows and orchestrates the approval process, with support for sequential and parallel approvals. Workflows are changed dynamically based on negotiation updates to ensure governance. Business users can easily manage the intuitive rules, definitions, and updates, and they can also intervene manually to influence a workflow with ad hoc steps.

Contract Execution

Ensure quick and secure contract execution with the Icertis platform’s out-of-box integrations with DocuSign, Adobe Sign (formerly EchoSign), and other electronic-signature platforms. These secure integrations help orchestrate the signature process based on user-defined workflows, while seamlessly updating the document and data back to the central repository after execution. Manual-signature workflows are also supported, using QR codes to validate incoming signed documents.