Glossary - Revision history

WikiSysop at 11:57, 14 November 2021

2021-11-14T11:57:07Z

WikiSysop at 10:17, 18 November 2020

2020-11-18T10:17:30Z

IDT-3 at 10:41, 2 April 2018

2018-04-02T10:41:20Z

IDT-4 at 10:37, 26 March 2018

2018-03-26T10:37:04Z

IDT-4 at 10:14, 26 March 2018

2018-03-26T10:14:53Z

IDT-4 at 08:24, 26 March 2018

2018-03-26T08:24:40Z

IDT-4 at 08:10, 26 March 2018

2018-03-26T08:10:59Z

IDT-4 at 06:34, 26 March 2018

2018-03-26T06:34:32Z

IDT-1 at 06:50, 22 May 2017

2017-05-22T06:50:54Z

IDT-1 at 06:47, 22 May 2017

2017-05-22T06:47:10Z

@@ Line 44: / Line 44: @@
 <span style="font-size:x-large;">'''D'''</span>
 '''Delegate''':&nbsp;A feature that allows you to transfer or assign all your tasks to another user for a specified duration, if you expect to be unavailable during that time. Both you and the delegated user receive the notifications for all your tasks. These notifications are marked as read when either of you open it. Any number of delegations can be set as long as the dates don’t overlap.
@@ Line 70: / Line 68: @@
 &nbsp;
 <span style="font-size:x-large;">'''I'''</span>

@@ Line 6: / Line 6: @@
 '''Agreement''':&nbsp;A legally binding contract that an organization signs with another party for a specific purpose. For example, a company may agree with its supplier to receive certain products or services within a specified time to a certain location.
-'''Amendment''': Any changes or updates made to an Agreement, after it is executed. For example, if the requirements of either party changes, then&nbsp;the Agreement has to be amended and executed (signed) again to reflect these changes. All the stakeholders must agree to the changes before the Amendement can take effect. In ICM, the Amendment follows a workflow very similar to that of an Agreement.
+'''Amendment''': Any changes or updates made to an Agreement, after it is executed. For example, if the requirements of either party changes, then&nbsp;the Agreement has to be amended and executed (signed) again to reflect these changes. All the stakeholders must agree to the changes before the Amendement can take effect. In ICI, the Amendment follows a workflow very similar to that of an Agreement.
-'''Approver''':&nbsp;An ICM user that has the Approval role. This role is resposible for reviewing and approving various entities, such as Agreements and Contract Requests in ICM.
+'''Approver''':&nbsp;An ICI&nbsp;user that has the Approval role. This role is resposible for reviewing and approving various entities, such as Agreements and Contract Requests in ICI.
 '''Associated Documents''': Any documents pertaining to the Agreement being created, such as Minutes of Meetings (MoMs) and&nbsp;summary of phone conversations. These documents need not be officially approved, but can be uploaded as attachments to the Agreement to give some context to the Agreement.
@@ Line 37: / Line 37: @@
 '''Contract Request''': Depending on individual organization's workflow, a Request may need to be raised to have an agreement created and this may be optional or mandatory. A Contract Request contains the information necessary to start drafting an agreement.
-'''Contract Type''':&nbsp;Defines the basic structure to create Requests, Clauses, Templates, and Agreements in ICM. It controls what Attributes and Associations should be used. For example, a Master Service Agreement (MSA) Contract Type, defines the Attributes and Associations an MSA will have.
+'''Contract Type''':&nbsp;Defines the basic structure to create Requests, Clauses, Templates, and Agreements in ICI. It controls what Attributes and Associations should be used. For example, a Master Service Agreement (MSA) Contract Type, defines the Attributes and Associations an MSA will have.
 '''Contributor''':&nbsp;A role with view-only access that can observe the Agreement throughout its life cycle. Any changes or feedback can be added through notes so the Primary or Secondary Owner can make the suggested updates. If required, specific rights can be assigned to this role through Role-Action mapping.
@@ Line 45: / Line 45: @@
 <span style="font-size:x-large;">'''D'''</span>
-'''Dashboard''':&nbsp;The first page you see on signing in to ICM. It is customizable to display&nbsp;of pre-defined Key Performance Indicators (KPIs) or Dashboard Tiles.
+'''Dashboard''':&nbsp;The first page you see on signing in to ICI. It is customizable to display&nbsp;of pre-defined Key Performance Indicators (KPIs) or Dashboard Tiles.
 '''Delegate''':&nbsp;A feature that allows you to transfer or assign all your tasks to another user for a specified duration, if you expect to be unavailable during that time. Both you and the delegated user receive the notifications for all your tasks. These notifications are marked as read when either of you open it. Any number of delegations can be set as long as the dates don’t overlap.
@@ Line 57: / Line 57: @@
 <span style="font-size:x-large;">'''E'''</span>
-'''Extended View''': Data can be displayed in 3 user-selected views: Grid, Extended and Tile on most ICM pages. The Extended view displays the chosen fields in a single row (compact view).
+'''Extended View''': Data can be displayed in 3 user-selected views: Grid, Extended and Tile on most ICI&nbsp;pages. The Extended view displays the chosen fields in a single row (compact view).
 '''External Reviewer''': Third Party reviewer assigned to review an agreement during the authoring phase.
@@ Line 73: / Line 73: @@
 <span style="font-size:x-large;">'''I'''</span>
-'''ICM''':&nbsp;Icertis Contract Management. It is an integrated platform to create, execute, and manage agreements with enhanced efficiency and control.
+'''ICI''':&nbsp;Icertis Contract Management. It is an integrated platform to create, execute, and manage agreements with enhanced efficiency and control.
 '''Internal Signatory''':&nbsp;An individual who is the binding signatory for your organization.
@@ Line 101: / Line 101: @@
 <span style="font-size:x-large;">'''M'''</span>
-'''Masterdata''':&nbsp;Core data essential to operations of businesses and its business units that does not change very often. In ICM, employee or vendor ID, part numbers, state codes, country codes, etc. are examples of Masterdata.
+'''Masterdata''':&nbsp;Core data essential to operations of businesses and its business units that does not change very often. In ICI, employee or vendor ID, part numbers, state codes, country codes, etc. are examples of Masterdata.
 '''Metadata''':&nbsp;See Attributes.
@@ Line 145: / Line 145: @@
 '''Reject''': An action available to an approver, reviewer or signatory to reject an Agreement or a Contract Request.&nbsp;On rejection, they&nbsp;revert&nbsp;to Draft state.
-'''Replace User''': A feature where one ICM user can be replaced by another. Notification of the replacement is sent to both users.
+'''Replace User''': A feature where one ICI&nbsp;user can be replaced by another. Notification of the replacement is sent to both users.
-'''Request''':&nbsp;When you want to start creating a new agreement, you can raise a request with the the necessary information required to create the agreement. Raising a request may be optional or mandatory depending on how the ICM workflow is configured in your organization.&nbsp;
+'''Request''':&nbsp;When you want to start creating a new agreement, you can raise a request with the the necessary information required to create the agreement. Raising a request may be optional or mandatory depending on how the ICI&nbsp;workflow is configured in your organization.&nbsp;
 '''Request for Review''': An action (optional) available to the Primary Owner to send an Agreement for review, before it is sent for approval.
@@ Line 178: / Line 178: @@
 '''Template''':&nbsp;A framework for a standard layout of an Agreement. You can pre-define the attributes that must be included in the agreement that is being created.
-'''Terminated''':&nbsp;A state that identifies Agreements that are terminated for whatever reason. No further actions can be taken on terminated agreements, however they remain searchable in ICM.
+'''Terminated''':&nbsp;A state that identifies Agreements that are terminated for whatever reason. No further actions can be taken on terminated agreements, however they remain searchable in ICI.
 '''Third Party''':&nbsp;Refers to the other (external) party that the agreement is being executed with.

@@ Line 8: / Line 8: @@
 '''Amendment''': Any changes or updates made to an Agreement, after it is executed. For example, if the requirements of either party changes, then&nbsp;the Agreement has to be amended and executed (signed) again to reflect these changes. All the stakeholders must agree to the changes before the Amendement can take effect. In ICM, the Amendment follows a workflow very similar to that of an Agreement.
-'''Approver''':&nbsp;An ICM user that has the an Approval role. This role is resposible for reviewing and approving various entities, such as Agreements and Contract Requests in ICM.
+'''Approver''':&nbsp;An ICM user that has the Approval role. This role is resposible for reviewing and approving various entities, such as Agreements and Contract Requests in ICM.
 '''Associated Documents''': Any documents pertaining to the Agreement being created, such as Minutes of Meetings (MoMs) and&nbsp;summary of phone conversations. These documents need not be officially approved, but can be uploaded as attachments to the Agreement to give some context to the Agreement.

@@ Line 109: / Line 109: @@
 <span style="font-size:x-large;">'''N'''</span>
-'''Notifications''':&nbsp;Notifications that you receive for events or for the&nbsp;tasks that require your action.
+'''Notifications''':&nbsp;Pre-configured alerts or emails users receive for specific events or tasks that require user actions.
 &nbsp;
 <span style="font-size:x-large;">'''O'''</span>
 '''Own Paper''':&nbsp;Company owned agreement template that has company specific clause, terms, and language.
@@ Line 121: / Line 125: @@
 <span style="font-size:x-large;">'''P'''</span>
-'''Primary Owner''':&nbsp;User who has initiated or created the agreement.
+'''Primary Owner''':&nbsp;A role that initiates or creates the (Draft) Agreement.
-'''Publish''':&nbsp;After the Contract Type or Agreement is approved, you publish it to make it available for use in the system.
+'''Publish''':&nbsp;A feature to make a Draft Agreement available to everyone on the team.
 &nbsp;
@@ Line 129: / Line 133: @@
 <span style="font-size:x-large;">'''Q'''</span>
-'''QR Code''':&nbsp;It is a machine-readable code that contains the information related to the agreement. It appears on the agreement PDF after it is approved.
+'''QR Code''':&nbsp;A machine readable code that contains agreement-related information, such as the Agreement code. If enabled, the QR code appears on the PDF after the agreement has been approved.
 &nbsp;
 <span style="font-size:x-large;">'''R'''</span>
 '''Request''':&nbsp;When you want to start creating a new agreement, you can raise a request with the the necessary information required to create the agreement. Raising a request may be optional or mandatory depending on how the ICM workflow is configured in your organization.&nbsp;
 &nbsp;
@@ Line 141: / Line 159: @@
 <span style="font-size:x-large;">'''S'''</span>
-'''Secondary Owner''':&nbsp;Co-owner of the agreement record who has the same set of action privileges as the primary owner but who cannot remove the primary owner from the team.
+'''Secondary Owner''':&nbsp;A role that is the co-owner of an agreement with the same set of actions and privileges as that of the Primary Owner. The only exception is that a Secondary Owner cannot remove the Primary Owner from the team.
-'''Stand Alone Agreement''':&nbsp;In ICM, an agreement that is initiated without a contract request.
+'''Smart Link''':&nbsp;A feature that gives visibility into other Agreements and Associations in the system meeting a pre-defined criteria.&nbsp;For example, Smart links can link:
 &nbsp;
@@ Line 149: / Line 176: @@
 <span style="font-size:x-large;">'''T'''</span>
-'''Template''':&nbsp;Basic layout for an agreement in which you can pre-define the fields you want to include in the agreement that you are creating.
+'''Template''':&nbsp;A framework for a standard layout of an Agreement. You can pre-define the attributes that must be included in the agreement that is being created.
-'''Third Party''':&nbsp;It refers to supplier or an external party.
+'''Terminated''':&nbsp;A state that identifies Agreements that are terminated for whatever reason. No further actions can be taken on terminated agreements, however they remain searchable in ICM.
-'''Third Party Paper''':&nbsp;Agreement document not owned by the company and taken from other party such as supplier.
+'''Third Party''':&nbsp;Refers to the other (external) party that the agreement is being executed with.
-'''Turnaround Time''':&nbsp;The duration from the date of creation of an agreement till the date of its execution.
+'''Third Party Paper''': When an agreement being executed is based on the other party's documents / template (as opposed to your organization's), it is said to be using Third Party Paper.
 &nbsp;
 &nbsp;

@@ Line 75: / Line 75: @@
 '''ICM''':&nbsp;Icertis Contract Management. It is an integrated platform to create, execute, and manage agreements with enhanced efficiency and control.
-'''Internal Signatory''':&nbsp;An ICM user who either electronically or manually signs an Agreement/Contract.
+'''Internal Signatory''':&nbsp;An individual who is the binding signatory for your organization.
 &nbsp;
@@ Line 81: / Line 89: @@
 <span style="font-size:x-large;">'''K'''</span>
-'''Key Performance Indicators (KPI)''':&nbsp;The elements based on which performance of a particular activity is measured.
+'''Key Performance Indicators (KPI)''':&nbsp;Pre-configured saved searches that are relevant for the user role, based on which the performance of specific activities are measured. For example, My Agreements to show all Agreements created by me.
 &nbsp;
@@ Line 87: / Line 95: @@
 <span style="font-size:x-large;">'''L'''</span>
-'''Lock''': After you lock an agreement, other users in the team can not take any action on the agreement.
+'''Lock''':&nbsp;A feature to temporarily lock agreements from being updated by any other user.
 &nbsp;
@@ Line 93: / Line 101: @@
 <span style="font-size:x-large;">'''M'''</span>
-'''Metadata''':&nbsp;See Attributes.
+'''Masterdata''':&nbsp;Core data essential to operations of businesses and its business units that does not change very often. In ICM, employee or vendor ID, part numbers, state codes, country codes, etc. are examples of Masterdata.
-'''Masterdata''': &nbsp;One of the contract types you can create using ICM. It has peer-to-peer association with the contract type agreement.
+'''Metadata''':&nbsp;See Attributes.
 &nbsp;

@@ Line 33: / Line 33: @@
 '''Commitment''':&nbsp;A feature to capture specific obligations agreed to by both parties in an agreement. Commitments have to be fulfilled by both parties throughout the agreement lifecycle. For example, specific deliverables that have to be made by the supplier on a regular basis and payments that have to be made by the organization to the supplier, within the agreed time frame.
-'''Contract''':&nbsp;See agreement.
+'''Contract''':&nbsp;See Agreement.
-'''Contract Type''':&nbsp;It is a type of contract. It decides which attributes and associations a contract should contain. For example, MSA contract type will define which attributes and associations MSA contract should contain.
+'''Contract Request''': Depending on individual organization's workflow, a Request may need to be raised to have an agreement created and this may be optional or mandatory. A Contract Request contains the information necessary to start drafting an agreement.
 &nbsp;
@@ Line 41: / Line 45: @@
 <span style="font-size:x-large;">'''D'''</span>
-'''Dashboard''':&nbsp;Single page displaying the status of important events.
+'''Dashboard''':&nbsp;The first page you see on signing in to ICM. It is customizable to display&nbsp;of pre-defined Key Performance Indicators (KPIs) or Dashboard Tiles.
-'''Delegate''':&nbsp;Delegate your approval task to another user.
+'''Delegate''':&nbsp;A feature that allows you to transfer or assign all your tasks to another user for a specified duration, if you expect to be unavailable during that time. Both you and the delegated user receive the notifications for all your tasks. These notifications are marked as read when either of you open it. Any number of delegations can be set as long as the dates don’t overlap.
-'''Deviation''':&nbsp;That which differs from original. In ICM, an agreement goes through reviews and approvals from various stakeholders. They may suggest changes in the content of an agreement such as clauses, attributes, and other content. This change in the text from original is a deviation.
+'''Deviation''':&nbsp;Any change to what was originally agreed to in an executed agreement, is known as a deviation. These changes have to be reviewed and approved by both parties.
 &nbsp;
@@ Line 51: / Line 57: @@
 <span style="font-size:x-large;">'''E'''</span>
-'''External Signatory''':&nbsp;A third party user who either electronically or manually signs an Agreement/Contract.
+'''Extended View''': Data can be displayed in 3 user-selected views: Grid, Extended and Tile on most ICM pages. The Extended view displays the chosen fields in a single row (compact view).
 &nbsp;

@@ Line 16: / Line 16: @@
 *be made conditional so they are populated based on the value of other Attributes
 *inherit values from associated entities or lookup values from the Masterdata
 &nbsp;
@@ Line 21: / Line 27: @@
 <span style="font-size:x-large;">'''C'''</span>
-'''Clause''':&nbsp;Part of a legal document covering a particular subject of the whole document; terms, conditions, and legal bindings.
+'''Clause''':&nbsp;A specific provision or section in a written agreement. Each Clause addresses a specific aspect as it relates to the entire document. It helps to clearly define the rights, duties and responsibilities of each party under the terms of the agreement.
-'''Collaborate''':&nbsp;Share your agreement with external users.
+'''Collaborate''':&nbsp;A feature to share and jointly author an agreement with an external party.
-'''Commitment''':&nbsp;These are obligations towards an agreement. You fulfil the commitment towards the agreement throughout the contract lifecycle. For example, reminding supplier about the contract expiry and renewal.
+'''Commitment''':&nbsp;A feature to capture specific obligations agreed to by both parties in an agreement. Commitments have to be fulfilled by both parties throughout the agreement lifecycle. For example, specific deliverables that have to be made by the supplier on a regular basis and payments that have to be made by the organization to the supplier, within the agreed time frame.
 '''Contract''':&nbsp;See agreement.

@@ Line 4: / Line 4: @@
 <span style="font-size:x-large;">'''A'''</span>
-'''Agreement''':&nbsp;Type of contract that your organization signs with a third party for a legal or procedural purpose.
+'''Agreement''':&nbsp;A legally binding contract that an organization signs with another party for a specific purpose. For example, a company may agree with its supplier to receive certain products or services within a specified time to a certain location.
-'''Amendment''': Changes or updates made to an agreement after it is executed. For example, as market or requirements from one or both the parties change, you amend certain content in the contract. All the stakeholders involved must agree to the changes before it goes into effect. In ICM, amendment follows the similar workflow as that of agreement.
+'''Amendment''': Any changes or updates made to an Agreement, after it is executed. For example, if the requirements of either party changes, then&nbsp;the Agreement has to be amended and executed (signed) again to reflect these changes. All the stakeholders must agree to the changes before the Amendement can take effect. In ICM, the Amendment follows a workflow very similar to that of an Agreement.
-'''Approver''':&nbsp;The user who reviews and approves requests and/or agreements.
+'''Approver''':&nbsp;An ICM user that has the an Approval role. This role is resposible for reviewing and approving various entities, such as Agreements and Contract Requests in ICM.
-'''Associated Documents''': Peripheral documents which can be uploaded as attachments to the agreement.
+'''Associated Documents''': Any documents pertaining to the Agreement being created, such as Minutes of Meetings (MoMs) and&nbsp;summary of phone conversations. These documents need not be officially approved, but can be uploaded as attachments to the Agreement to give some context to the Agreement.
-'''Attributes''':&nbsp;Property of an entity. For example, party names, addresses, contract value, dates, and so on.
+'''Attributes''':&nbsp;Attributes are used to capture the actual values of various entities, such as company name, address, contract value, dates, and so on. Attributes can:
 &nbsp;