Consulting

In the age of digital disruption every legal process is required to undergo transformation at a raging speed.

Mind Merchants consultants assist you to amalgamate your existing processes and help you reimagine your existing contracting process.

We help you achieve this transformation by defining and delivering solutions covering end-to-end automation of contract lifecycle management solutions leveraging ‘what is most suitable to meet your objectives’ amongst the broad spectrum of legal technologies available in market.

Our expertise in diversified legal subjects positions us to assist and assimilate project requirements encompassing drafting project plans, capture project KRAs, connect and sign off from stakeholders and progressing to finalize the metadata to be captured, facilitating in designing workflows, migrating legacy contracts, training, chalking out adoption plans to showcase efficiency gains in terms of investment of client’s time.

Our Consulting services includes

• Legacy Contracts: These are the contracts that are amalgamation of the past viewpoints regarding the  creation of new contracts in terms of costs and content .Our team facilitates in collation & finalization of parameters for extraction of germane metadata from contracts. Further, we map data and documents from the legacy system to the newly configured contract management system, allowing for a quick and seamless transition of data from paper to the contract management system. Our consultants help you in the complete process from selection of abstraction parameters, repository management to migration to CLM technology.
• Standard Template:  During the CLM tool implementation the most important requirement of the client is the creation of standard templates and clauses that are necessary for creation of new contracts. Our experts helps you to get your systems ready with templates for creation, enhancement and reconciliation of your contracts. We focus in bringing Standardization of your contracts and creating Alternative clause library and Negotiation playbook as per your requirements.
• Selection of Technology: Often the volumes of contracts running in thousands are a worrisome number to manage. Before a newly configured system is implemented it is essential to set the ground for creating repository of contracts to get fully functional and well-populated contract management system. Our consultants are finely trained to help you in the cumbersome process of selecting the right selection of technology suited for your needs. The process includes adaptation of Contract Lifecycle Management software, AI enabled abstraction and necessary integrations.
• Implementation of plan: We are uniquely positioned to assist clients in creating an adept plan due to our extensive participation during the discovery & designing phases of contract management solution with our various software partners. This provides us an edge to understand both sides of the coin viz software and the requirements slated by the clients. During the CLM execution our consultants will help you with implementation process by Preparation, Project Management and Implementation and providing all needed technical Support.
• Adoption Plan: Every organization invests lot of time, efforts and brain-storming sessions towards selection of contract management tool. While, the technical side of the tool is well evaluated in the beginning and solutions are finalized for organization, one of the real challenges comes towards the adoption of the tool. There has to be a plan for the smooth adoption of the CLM technology in your system and this includes Training manual creation, Real time support plan, Necessary ongoing enhancement and Maximize the outputs.