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Symfact

Enterprise management tool for contract lifecycle

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What is Symfact and how does it work? Symfact offers enterprise management solution for monitoring and managing your contract lifecycle, legal entities, risks, compliance and third party risks. With the help of this software, you can automate and organize your contract management and document management tasks with greater efficiency. It allows users to track milestones and ensure proper completion tracking. This software covers both the government contracts as well as the specialty contracts. Symfact features digital signature, contract templates, buy side for suppliers, sell side for customers, full text search and version control.

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Symfact Features Show All Features

Contract Management Features

Specialty ContractsHelps managing specialty or formal contracts that mainly are written agreements, as a deed.
Sell Side (Customers)Sell-side is the part of the financial industry that is involved with the creation, promotion, and sale of stocks, bonds, foreign exchange, and other financial instruments to the public market.
Lifecycle ManagementThe project life cycle is a 4-step framework designed to help project managers guide their projects successfully from start to finish. The purpose of the project life cycle is to create an easy to follow framework to guide projects.
Government ContractsA government contractor is a private company that produces goods and services for public government agencies. Contractors become employed by the government by winning contracts that are out for bid.
Full Text SearchA Full text search is that which compares every word in a document, as opposed to searching an abstract or a set of keywords associated with the document. Word processors and text editors contain full-text search functions that let you find a word or phrase anywhere in the document.
Digital SignatureA digital signature is a mathematical scheme for demonstrating the authenticity of digital messages or documents. Digital signatures can provide proof of origin, time, identity, and status of a digital document. A signature confirms that the data emanated from the signer and has not been tampered with during transit.
Contract TemplatesThe Contract is the legal document which provides you and your customer a definition and Scope of Work, as well as expectations and responsibilities for all parties, schedule and terms, and procedures that are to be followed if either party breaches the terms of the Contract.
Contract DraftingContract drafting is the act of writing down the terms and conditions of an agreement. The parties to a contract may go through several drafts and negotiation sessions before the official contract is finalized.
Completion TrackingHelps in setting certain completion criteria for any activity within a contract management process
Buy Side (Suppliers)The financial institutions of a free-market economy include a segment called the buy-side: firms that purchase investment securities. These include insurance firms, mutual funds, hedge funds, and pension funds, that buy securities for their own accounts or for investors with the goal of generating a return.
Auto ExtractionHelps in conducting auto scanning of data and extract the required piece of information from a contract document
Approval WorkflowThe approval workflow is a common business process that requires someone to sign off on the data at a certain stage. Approval workflows require multiple checks throughout the process and from a variety of different stakeholders. Most workflows require some kind of approval built into them.
Milestone TrackingA project is only considered a success if all of the client's objectives are met. These are usually articulated in terms of the complexity of what needs to be delivered, its consistency, the costs involved, and the timeframes involved. The most effective way to manage the timescale factor is to monitor milestones. Effective project preparation concentrates on the most important deliverables, with assignments outlining how the job will be structured to meet the deadlines. Milestones are used to classify these main completion dates so that projected dates can be compared to committed dates as the project progresses. This is what's referred to as milestone tracking.
Contact ManagementThe process of storing, organizing, and monitoring information about your clients, prospects, and sales leads is known as contact management. In its most simple form, an address book or an Excel or Google spreadsheet with entries for all of the people with whom you do business can be used to handle your contact details. Many companies, on the other hand, prefer to use advanced contact management software. This is particularly useful if you have a large number of contacts to keep track of or several people who need access to the information.
Document ManagementDocument management, also known as Document Management Systems (DMS), is the process of storing, managing, and tracking electronic records and electronic images of paper-based/material collected by a document scanner using a computer device and software. Document management is the process used by organizations to store, manage, and track electronic documents.
Version ControlThe process of monitoring and handling changes to software code is known as version control, also known as source control. Version control systems are automated tools that aid software development teams in managing source code changes over time. Version control systems help software teams operate quicker and smarter as development environments have accelerated.

Symfact Technical details

Support	Business Hours Online	Customer Type	Large Enterprises Medium Business Small Business
API	NA	Location / Phone Number	Boston, Massachusetts / 1 617 401 7878
Deployment	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	Official Website	https://symfact.com/
Deployment		Category	Contract Management Software

Symfact Pricing

Pricing ModelFree Trial , Quotation Based

Symfact

Custom

Features

Contracting Processes Made Simple
Secure Contracts
Contract Creation and Templates
Standardised Library of Terms and Clauses
E-Signature software
Automated Workflows
Contract reporting
Improve business data analytics
Monitor and manage your risk

Disclaimer: The pricing details were last updated on 08/06/2022 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Symfact pricing.

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(53 RATINGS) Contractbook Contractbook is an online contract management tool used to create, sign and store contracts and... read more Start Free Trial Symfact vs Contractbook

(90 RATINGS) Outlaw Outlaw is an advanced contract automation platform that makes the entire contract life cycle... read more Start Free Trial Symfact vs Outlaw

(65 RATINGS) Icertis Contract Man... Icertis Contract Management is one of the leading software, designed for solving the toughest... read more Start Free Trial Symfact vs Icertis Contract Management

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Avokaado Avokaado is an easy-to-use contract automation platform that enables legal professionals to create,... read more Start Free Trial Symfact vs Avokaado

Symfact Reviews

OVERALL RATING 4 Based on 2 Rating(s)

Rating Distribution

Excellent 0 %
Very Good 100 %
Average 0 %
Poor 0 %
Terrible 0 %

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Videos on Symfact

Symfact Third Party Risk Management

Symfact Contract

Symfact FAQs

Q. What is Symfact used for?

Symfact is Contract Management Software. Symfact offers the following functionalities:

Specialty Contracts
Sell Side (Customers)
Lifecycle Management
Government Contracts
Full Text Search
Digital Signature
Contract Templates
Contract Drafting
Completion Tracking
Buy Side (Suppliers)
Auto Extraction
Approval Workflow
Milestone Tracking
Contact Management
Document Management
Version Control

Learn more about Symfact features.

Q. What are the top alternatives for Symfact?

Here`s a list of the best alternatives for Symfact:

Q. Does Symfact provide API?

No, Symfact does not provide API.

Articles on Symfact

Top Software What Are the Top Contract Management Software to Use in 2021? If contract management is done manually, there is a huge margin of errors, and this can hinder the... read more