Contract management automation enables businesses to efficiently negotiate, manage and collaborate on contracts to ensure compliance with written terms and conditions. With time-saving workflow capabilities, contract processes are streamlined from capture to review procedures, digital signing and more. Contract management software enables employees to get contracts signed quickly and efficiently to ensure legal compliance.
Contract management software simplifies the tracking of multiple contract revisions while helping to eliminate lost contracts in queue. Users can integrate their solution with DocuSign for remote signatures to easily track global contracts with multiple parties. Additionally, users will receive automated notification for signing, enabling contract performance to be measured properly with a full audit trail logging contract actions.
Contract management automation enables organizations to:
- Meet contractual requirements and obligations
- Assign policies for contract lifecycle management
- Avoid the risk and penalties from broken or incomplete contracts
- Create company-specific contract regulations
- Automate contract approval processes
- Log all contract modifications and approvals
How It Works
- Track contracts with audit trail
Automatically retain all document history, including versioning and editing, so that administration can easily track all contract activities.
- Automated contracts workflow
Users can streamline the negotiation, review and approval of contracts through automated document workflows.
- Secure storage
Contracts can be sorted by the date they were created, modified or completed, or by customer name, customer number etc.
- Easy contract retrieval
With the proper permissions, an employee can easily retrieve a contract from the document database, ensuring that obligations are met on both sides to determine that the scope of work is fully met.