Contract Drafting Templates

Concord stores contract templates and clause libraries so a new agreement can be drafted from an approved starting point rather than written from a blank page. A Beam agent reads a request for a new contract of a type the team has already approved, pulls the matching template, and fills in the standard fields, such as party names and dates, from the record the request came from. Requests matching an approved template move through without a person drafting the base document. A request for a contract type without a template, or one needing a nonstandard clause, is routed to a person to draft.

E-Signature Requests

Concord sends a contract out for e-signature and records who has signed and who is still pending, giving a clear status on where an agreement stands. A Beam agent reads the signature status on an approved contract and updates the deal or project record it's tied to, marking it as fully signed once every party has completed the step, then notifies the owner that the agreement is now in force. Contracts progressing on the expected timeline update without a nudge. A signature overdue past the agreed number of days, or a signer declining, is routed to a person to follow up.

Renewal and Expiry Dates

Concord holds the renewal or expiry date on each stored contract, so an agreement doesn't lapse without anyone noticing. A Beam agent reads the dates on contracts in an approved category and, at the interval the team has set before expiry, notifies the contract owner and updates a shared register with the days remaining. Contracts with plenty of runway stay in the background without a message. A contract nearing expiry with no renewal in progress, or one tied to a vendor flagged for review, is routed to a person to decide on next steps.