Many industry reports have cited that billions of dollars could be lost in missed savings opportunities due to ineffective Contract Management. A contract management system is a great way of managing and tracking your contracts’ lifecycle. An advanced tool in this space is essential to achieve success with companies looking to launch new products, expand into new geographies globally, hire top talent, merge, or acquire companies and strike new partnerships.
Most businesses use either contracts in physical form or else multiple copies stored on various laptops. In such cases, finding the right version of a contract could be difficult and time-consuming. It could also lead to compliance issues if the right documents are not produced in a timely manner, possibly costing the companies big costs and legal hassles.
What these businesses need is a central unified repository of all contracts with workflow automation for managing the contracts right from drafting to signing and tracking any future updates. Our Contract Management Software and System provides all this and much more.
Key Business Benefits
Increase Productivity : Our software makes it easy with all your tasks in one place so you can finish your tasks faster and focus on value-creating tasks rather than mundane document processing tasks.
Improve Quality : Improve the accuracy of your reviews through better workflows, peer reviews, quality checks with a trackable and auditable process, thereby mitigating human error.
Reduce Cost : Streamline and automate your workflows, get intelligent analytics, save on penalties due to errors & non-compliance – these are just some of the ways in which you can reduce the cost of contract management.
Keep it Safe & Secure : Our centralised repository with access control on the cloud helps you manage the sensitive records without any leaks or breaches in a world where remote working is a norm.
Access Information Easily & Quickly : Get any document that you need at your fingertips. Easily search information through keywords and properly organized documents with version control in folder structures.
Manage Risk and Compliance : Share the workload without losing control by involving more team members while staying compliant. Stay error-free by routing the right contracts to the right people at the right time.
Contract Management process consists of multiple individual processes.