Managing large volumes or complex contract data has just become easy: Weagree automated data retention periods in a smart way. For the various types of data, the applicable (default) data retention period can be configured. Of course, data will not be deleted if they are relevant or still active (not terminated or expired). And once deleted, they will still be recoverable through the recycle bin. Also, the CLM will automatically delete data only once certain contract-specific conditions have been met. And for every CLM-managed contract, the default retention period can be customised.
It will be possible to individually enable or disable data retention for each of a number of data categories:
* Draft contracts (unsigned contracts)
* CLM (signed contracts)
* Other parties – entities
* Parties – individuals
* Individuals’ ID or personal documents
* Weagree users
Default retention periods that comply with GDPR standards will be implemented. They can be configured to suit the customer’s own GDPR policies.