How Does Contract Management Help Your Business?

How easy do you track work on a contract? This can require a lot of your attention and focus and take away the time you need to perform other important tasks. Now imagine you have dozens of documents to work with. This nature complicates the task and forces you to think about technical and creative solutions. Such effective solutions include contract management, which takes place with the help of modern software or web services.

What is contract management?

Contract management takes place from the moment the document is created until the contract is signed and executed or until the contract is terminated. To meet all contract terms on time, monitor contract signing and performance, and avoid reputational or financial risks, automated contract management is an essential solution. .

In addition, the term includes the ability to quickly create and fill out the necessary documents, communicate with partners, sign and keep reports. You can automate document flow and work with contracts using special services, one of which is airSlate.

Why use airSlate service?

The airSlate service provides complete solutions for companies in all sectors and companies with different numbers of employees. The flexible pricing policy allows you to choose the optimal set of services for each individual case. With the airSlate tool, you can perform many essential operations:

  • Create new contracts, purchase orders, invoices and other documents using pre-built templates;
  • Receive payment;
  • Contract processing follow-up;
  • Integrate contract performance related tasks into one process;
  • Automatically update records in CRM;
  • Share offers with different parts of your company or with partners;
  • Approve and sign contracts on one platform without using additional software;
  • Get reports in a convenient format without having to learn complicated standards for interacting with airSlate tools in advance.
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You can use all the mentioned options, both on desktop and with the help of mobile devices. Furthermore, you can delegate normally repetitive tasks to one of the existing robots or create a new one according to your needs.

Create documents, edit them with various tools that simplify and speed up this work many times over. airSlate is the most powerful all-in-one tool on the market that can handle any task when interacting with corporate documents.

At the same time, the service is built to the highest standards of quality, encryption and data protection requirements, so you can comfortably use airSlate even in the case of confidential documents or working with personal data. core.

Contract management to make your business more profitable

Effective contract management frees up tens of hours of work, so you can get more done or see new opportunities. All this has a positive effect on the entire operation of the company. As more steps and processes are simplified, the company becomes more agile, adaptable and competitive. As a result, the company’s profits increase and the likelihood of mistakes and losses decreases.

When you have an automated document flow, it’s easy to handle phenomena like:

  • Lack of transparency and errors in important contracts;
  • A slow life cycle, accompanied by the need for personal encounters and increased attention to text;
  • Violation of terms or conditions leading to contract termination, etc.

enterprise level

The biggest risks are reputational, involving both the company’s own work and its efforts to protect confidential or personal data; and finance, arising from lost or conflicting profits. By avoiding these risks, automating work with electronic documents not only reduces losses, but also brings financial success to the company.

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Smooth and practical contract management

Working with airSlate happens in several steps

1. Prepare and work with templates

Most formal documents and contracts have a similar structure, so airSlate offers many ready-made forms that you just need to fill out. You can edit the document as needed: add and remove fields, use graphic or multimedia elements, and add a digital signature to your contract.

2. Working together as agreed

You can share documents with partners, send documents to them for further processing or obtain digital signatures, etc. You can set notifications and reminders about actions with pending documents to Don’t forget the most important tasks.

3. Automatic contract renewal provided that the previous parties have agreed to this and allowed the bot to create a new contract at the end of the previous contract.

4. Follow up the life of the contract as needed.

You can get all the data you need about changes and new transactions, and even calculate KPIs in real time.

Use modern solutions and stay ahead of the competition: have more time, earn more and give your best with less effort. The airSlate service will help you in all of this, as soon as you integrate the tool into your company’s work routine.

Categories: How to
Source: tiengtrunghaato.edu.vn

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