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Showing posts from January, 2022

3 Major Business-Expediting Elements Contributed by Contract Management Software

The advantages of incorporating an agile   contract lifecycle management software   is widely known. However, not all enterprises leverage the vast offerings of the application in expediting business affairs. We live in an unstable era, where the pandemic’s havoc is still causing businesses to stumble. In such a scenario, leveraging every opportunity and software is necessary to assess and improve ROI, and the business goals. Contract management software for sales  has considerably decluttered the process silos, enabling managers to control contractual affairs efficiently. We have compiled the 3 major business-expediting elements contributed by contract management software that can transform your activities. Templating While it sounds simple, the templating feature saves a load of time. Contract managers can create different templates for various business processes, which they can edit in under 2 minutes. The templating process, although isn’t a novel activity, helps in r...

5 Key Phases in Contract Management

Contract management has begun to occupy the center stage post-pandemic because of the mass force majeure of contracts. Since the sudden onset of COVID, disaster management through contracts was identified as a necessity by industry leaders. With the assistance of   contract lifecycle management software , organizations have begun to integrate their business applications and streamline their contractual affairs. There are different types of contracts and the process of managing them widely varies. Despite the process and the methods, managers usually leverage robust   contract management software for salesforc e . We have compiled the 5 key phases in managing contracts. Sorting the InBound/Outbound Contracts Before the advent of the software, managers used to draft a contract request and drop it in person at the corporate office, and follow up with the team via phone call. Later on, contracts were sent using emails. Similarly, the inbound contracts were manually sorted. With th...