UPDATED: White Label for Contract Management: What You Need to Know!

Contract management services are a great add on to the business and digital industry. With the growing phase, the white label for contract management has gained a lot of progress. You can buy a “White Label Brand” to a company, and with the ability to reach more significant markets, woo-hoo :) … read on for more details about it.

What is White Label Software/Service?

White Label software is a software or service that an organization can add to its product branding. It is where you purchase a White Label brand or “lease” it for a shorter period, like a few years. Subsequently, you use the label or brand as your own. White label software as a Service (SAAS) where the brand is yours, and you have purchased and expanded an add on to your brand.

The White Label meaning is that the product is unbranded to the reseller where they can put their brand name or tag on it and use it as they are the service and customer relationship providers.

White Label Contract Management modules:

1. Secured Library repository

2. Multiple upload options

3. Extensive Authoring/templates

4. Inclusive Calendar module

5. Accurate search and reports

6. The complete Admin control module

7. Account dedicated widgets

8. Workflow module

9. Extensive API library

10. Help and Support modules.

Now we know the White Label meaning. The White Label contract could include the following:

· Company branded CLM.

· Company controls all of the customer relations.

· The Company has unlimited use of products and services.

· Company brands the products with the company values and mission.

· The Company develops and expands its services with opensourceCM continued development

*Dedicated team support, including many API services required.

· Best possible upfront cost structure.

What Does White Label Contract Management Do?

A White Label agreement is an agreement between open-source inc., the creator of opensourceCM, and service provider reseller. In essence, the opensourceCM holds the rights to the product and can set forth the branding conditions. This agreement is all controlled by the white label contract management. It will contain detailed provisions within the following branding agreements:

1. Product specifications

2. Product Pricing

3. Product copyrights

4. Packaging Instructions for resellers.

5. Products training and support.

6. Products warranties, repair services, and customer support.

Best Practices - White Labelling

White Label SAAS – software sold to a reseller for rebranding, repricing, and reselling.

When Company considering the platforms, best practice dictates that a company should own trusted and stable relationships with their clients, keep their markets, expand to additional needs, and stay viable to its customers. With a mature platform like opensourceCM, the Company benefits from a significant competitive price, quality of service, strong and trusted brand, and other market trends, built by opensourceCM and available with no limits.

Conclusion

White labeling has become quite popular, especially white-label SAAS software. As a contract management company, we think of it as an excellent opportunity to market and sell your product. Even other sellers have been using it as a more accessible and cheaper way of branding products with your name while the manufacturer claims the copyrights.

Let me know what you think of White Labelling in the comments section below. Also, post any of your questions related to White Label for contract management.

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API (application processes interface) uses to connect to company applications, added a secured Deal-Room/Data-room, bidding system, and allow external users to log in to their dedicated data-room.

Now the company can have (BI) Business Intelligence processes with Reports and AI (artificial Intelligence) integration for document analysis and data extraction processes.

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opensourceCM is a cloud-based SaaS (software-as-a-service) solution. When uploading a text or MS Excel document the application performs OCR, indexing, and then recreates each document as an HTML document allowing easy document comparisons (e.g., between MS Word and scanned PDF docs). It also has the capacity to find words, values, phrases, terms of art, or specific legal language within documents that are hyperlinked to the actual highlighted location in each document. This can be accomplished across document data sets that may comprise tens of thousands of documents. Furthermore, opensourceCM provides a contract authoring workflow, calendar and notifications workflow, support SSO (single sign-on), and encrypted secured access. The application offers the ability to aspects create Negotiation Deal-Rooms and Users Data-Rooms (internal/External) or Flexible Bidding System with Advance Q&A. We offer an API (Application Processes Interface) Library like office 365, BOX.COM, Salesforce, MS-Dynamics, NetSuite, OKTA, Dropbox, DocuSign to mention just a few.

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