You might think there are only a few reasons you should consider investing in automated digital contract management software. We’ve already shared a few reasons with you, but here are four more reasons for choosing a contract management tool. From more effective time management to improving the renewal process, this new technology is the way forward.
1. Pre-approved legal clauses and agreed templates
Are you still waiting for the legal team to approve a clause you have added to a contract? Are you worried that they won’t complete the job in time? Automated contract software can contain pre-approved legal clauses that you can add in at the touch of a button. The software will also contain agreed templates that you can use, so you don’t even need to check each contract with your boss.
2. Get better terms
Say a contract is due for renewal, along with dozens more, and you don’t have time to go through them one by one and check the terms before they automatically renew. You can set your data software to flag up certain elements of a contract. You can also set the software to remind you of contracts with impending renewals in plenty of time for you to have a closer look at them before they automatically renew.
3. Flexible working
Flexible working is on the rise, which is great news for the millions of employees who need to have more flexibility in the way they work. However, it can be frustrating if you are communicating with someone who is working from home when you have to scan items and email them. With a contract management system such as the one created by contractswise.com, your colleague can access the same data as you remotely, making the entire process more seamless and professional.
4. You only need one system
You won’t need to jump from screen to screen extracting information from one place and entering it somewhere else or opening an email, scanning an item or going to a filing cabinet. All data is entered into the software before anywhere else and used to create the contract simply, effectively and without error.
If you are seriously considering an automated contract system, be sure to keep these points in mind.