Any task looks difficult unless it is done for the first time and then repeated. This is especially true in the case of contract lifecycle management. The drafting of the contract before it is signed is a tedious process that requires manpower and time. However, once that stage is crossed successfully, it becomes easier to …
Significance of Pre-signature Phase in Contract Management Read More »
Businesses have switched from printed copies of documents to digitalized options, mostly stored in the cloud. Consequently, even signatures have become digitalized. Today, signing contracts and letters digitally is a common business practice. Let’s know more about electronic signatures in business. A Quick Introduction Electronic signatures or e-signatures are a way to legally sign contracts …
Have you ever thought about why eSignatures are replacing wet signatures? Relying on wet signatures or signatories by pen and paper is time-consuming. This can be translated as a delay in executing critical business processes. Wet signatures are costly. You need to prepare tons of documents, ship them, and then wait for an indefinite period …
How to Accelerate your Contract Management Workflow with eSignatures Read More »
Can a simple feature such as eSignature become so vital that it may affect the efficiency of contract management in a business? This is exactly what the beauty of an electronic signature tool is: however simple or small it may seem, it directly brings speed and security in contracts. Let us understand how. eSignature and …
Benefits of Integrating eSignature in Contract Management Read More »
If there’s one thing that is certain, it’s the harsh truth that contract management involves challenges- a lot of them. Given that 70-80% of business operations are governed by contracts, no business would get blamed for being a little too careful with it. The reason why most companies swear by contract management software is that …
Top 5 Contract Management Problems and How to Fix Them Read More »
Back in 2018, a relatively new company (four years old) Ant Financial Services Group had a valuation of $150 billion – this was almost half that of the world’s biggest company in financial services, JP Morgan Chase. The following year, its consumer base had reached the 1 billion mark. But here’s the most interesting fact: …
Signing contracts is an inevitable fact of business (and life). And yet, signing a new commercial contract can feel intimidating to anyone without a law degree. After all, everyone has at least one story of a friend or family member who lost enormous amounts of time, money, and resources, all from hastily signing on the …
Most Common Contract Clauses You Need To Look Out For Read More »
There was a 154% increase in telehealth consultation in March 2020 in the United States, compared to the same time in 2019, according to CDC. Add to that a plethora of telemedicine apps that made their way into Apple and Google stores. You may not have realized but most such healthcare apps and telemedicine apps …
The Significance of Contract Management for Healthcare Read More »
IT teams have to manage a large number of contracts and binding agreements that have to be tracked through their entire lifecycle. Apart from that, there are a lot of sensitive documents that need to be guarded safely. All of this is possible with a good contract management software for IT. With the software in …
Benefits of an End-to-End Contract Management Platform for IT teams Read More »
Contract management is an important part of any business, irrespective of its size or nature. Enterprises have to spend a considerable amount of time creating and managing contracts. When your process is manual and includes too many administrative tasks, the expensive human resources of the company can easily be pulled into low-value administrative tasks. And …
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