How Contract Management Systems Can Boost Productivity
A business comprises of a lot of processes and workflows. Some of them are complicated, whereas some are simple yet influential. Handling each one of them cleverly in an organized and proper manner is the key to the smooth running of any business. Contract Management is one such area that requires a lot of effort and time. Contract Management Softwares and Systems have reduced the difficulty level in handling numerous contracts organizations need to maintain, process, store, or update consistently to avoid any kind of mislay.
Contract Management Systems are a clever way to boost productivity for your organization. In this blog post, we would like to enlighten you about different qualities that make these systems capable of giving businesses such an advantage.
Easy to Configure
Earlier contract management solutions needed custom code development every time user want to create new workflows, rules, and fields. Modern contract management solutions allow super-users to quickly change and configure the application to a new business process, avoiding the need for code changes.
Simple Contracts Monitoring
Organization’s need to monitor a portfolio of inter-dependent contractual relationships with a flexible, intuitive, contextual interface. Contract management software allows teams to manage master service agreements, the value of contracts and complex contractual hierarchies to give a holistic view of all deals across the entire organization.
Organized contract management reporting allows you to pull critical information such as contract review dates and values and sort contracts by the contract owner, responsible departments and counter-parties, to help make informed business decisions. Keeping track of the potential risks and opportunities in the company’s contract portfolio is crucial, and your CMS needs to provide easy digestible comprehensive real-time reporting.
Contract management software should allow every stage of the contract lifecycle to be digitized, including execution. Ensure quick and secure contract execution with a contract management system that easily integrates to e-signature solutions like DocuSign, Adobe Sign, and other electronic signature platforms.
Integrate with Key Systems
Integrating with single sign-on (SSO) environments such as company intranets, and enterprise content management/knowledge management systems allow end-users to be able to have all their tools and solutions in one place will enable them to streamline workflows and processes by making it easy for the users to connect using their already existing business accounts.
Digital transformation projects are often complex and can be slowed by lengthy deployment times. Inflexible contract management software that requires technical resources to configure and adapt can prolong projects and put them at risk. A highly configurable and flexible solution that allows you to deploy in a short period is what needed. Dock's Contract Management System can be implemented in one week, saving time, money and headaches.
Let us give you more insight on what Dock’s Contract Management System is capable of offering!
With Azure Active Directory single sign-on, users have profile-based access to Office 365 applications. Thus, centralizing user account management and eliminating the need to manage multiple user accounts for various software.
Co-Authoring and Collaboration Features
Let your employees co-author the same contract document effortlessly irrespective of location, time or type of device using the familiar Microsoft Office interface. Not only can you collaborate with your internal team but also with external parties like vendors.
Leveraging Power BI, Dock provides a 360-degree view for users. Easily create, publish and share interactive reports across devices to meet a host of business needs. With incredible visualizations and multi-perspective view, derive critical business insights. Features like multi-factor authentication, encrypted e-mail + data loss prevention, security audit trail are also included to make sure that the system is completely safe and secure.
Want to see Dock’s Contract Management Solution in action? Schedule a demo now!
Written by Alex K Joseph
Alex Joseph is a Content Developer with explicit knowledge in Content Marketing and Microsoft Technologies. A writer by day, Alex is a night owl and a creative person. He is also a Movie Buff and DIYer.