Are you still storing your business critical contracts in databases or shared drives ? This scattered and unorganized storage of contracts result in misplaced agreements, lost business opportunities, missed renewal dates, penalties and much more. Organizations with a poor Contract Management System lose 9.2% of revenue every year.
The financial industry is changing at an unprecedented rate. All thanks to fierce competition, changing customer needs and stricter regulatory laws. Today's customers need personalized services at their fingertips. Adding to the challenge, our mega-mergers and decreasing margins.
Imagine printing out contracts, putting them into envelopes sending them across to clients or vendors and patiently waiting for them to be signed and returned ! Workplace experiences that are passe' and we are more than happy. Isn't it ? Well, all thanks to technological advancements that led to digitization of Contract Management.