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An electronic signature is a replacement for handwritten signatures in the digital world. It can be used as a replacement in all types of digital documents or forms, it has the same legal standing as the handwritten signature. Most of the organizations are still using the paperwork for contract management and this would involve printing out the contracts, signing the documents physically, and scanning them to fax, all done manually. But by adopting a contract management software you can avoid all those massive roadblocks and ensure efficiency in your workflow. If you have E-signature capabilities, combined with the document handling capabilities of a contract management system, you can streamline your contract workflow. Here in this blog, we talk about how you can make the best out of E-signature capabilities. How can you create one? How to manage them etc.
Every company has to go through contract management process. There will inevitably be a time where your business has to manage a written agreement with another business. Whether this is a partnership, a purchase, or the solicitation of a vendor, you will have to have a contract agreement. Most people think of the contract management process as simply writing up an agreement and signing it, but that's not the case.
Why should your organization be using an enterprise contract management solution? If you are a contract manager or a lawyer or even a compliance officer at your organization and you have discovered that the paper-based system that you have been using for the past many years is proving to be inadequate for your contract management needs, you might want to start thinking about implementing an automated contract management solution at your organization. Of course, you might need to get the executives and your managers on board for implementing the solution in your organization. How would you prove your point to your managers? How would you persuade the management that the proposed automatic contract management solution, is in fact profitable and essential investment for both the productivity and growth of the organization?