DocuCollab - The Contemporary Software Solution for Proposal & Contract Management Software

Contracts are an integral part of organizations. Since contracts have financial implications, the organization needs to monitor contracts right from the drafting stage to its entire lifecycle. The clauses in the contracts enable the company to understand, distinguish and concur certain commercial aspects, which when not duly taken the car, will result in a loss or legal dispute. Companies must establish the terms, conditions, and clauses regarding a few aspects with the involved parties during the initial drafting stage to avoid confusion. Here are a few important clauses that every organization, irrespective of their industry vertical must monitor to avoid financial and legal risks. Force Majeure of Contracts The recent event of pandemic across the globe has brought forth the importance of including a rainy-day scenario to avoid losses. Force Majeure refers to the inability of one or more partners to deliver on the terms and conditions of the contract due to uncontrollable circumstanc...

Contracts are an inevitable part of the business. Whether it is a small-scale enterprise or a large multinational company, contracts require intensive review and administration, a failure of which can impact the company financially. When there are hundreds of contracts to manage, it becomes difficult for the organization to handle it effectively. Especially when there is a requirement to create contracts regularly, manual management will result in some form of a clerical error. The contract management software is designed to help organizations that deal with numerous contracts. Here are a few feature highlights that make the CMS tool a must-have for companies of all sizes. Centralized Repository What gives the users of contract lifecycle management software the distinct advantage of being contract-proactive is the centralized repository system. Imagine having thousands and thousands of contracts and limited means to sort, search and control them. Contract Management Software provides...