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Managing projects and contracts are very important as they can help you run businesses ideally. Contracts are very critical in assuring proper governance and cost management of customer engagements. They also have a great role to play in determining the risk factor in business. Contract Management System can ensure that your business can gain maximum value from contracts. Here are a few ways in which CMS solutions help to avoid revenue leakage.
Distributions lists are a very practical and sensible feature to send emails to multiple people at a time. This is very helpful for large teams to keep each one in their group informed about the latest developments. There are many more benefits in using distribution lists, as it can reduce unnecessary meetings, and trouble in communicating with each user separately, which is time-consuming. Also known as distribution groups, they can be organized based on a subject or by people who are part of a common work type. As they will need to communicate often than others, distribution groups will be a very useful feature in Microsoft 365.
Your employees will need to engage in multiple events, activities, and tasks each day as part of completing projects. Scheduling and arranging all these activities without conflicts and scheduling errors is essential to get things done in the best way possible. By sharing your calendar in Outlook.com you can let other users add it to their calendar view. However, it depends on the type of permission you grant them that decide what they can do with the calendar. There are also options to publish the calendar and share the link with others.
Intelligent and safe handling of contracts and vendor details are a must-have for all businesses. The quality of contracts management is greatly seen in business processes. When handled well, contract management can favor your business’s strategic requirements. However, the process becomes a bane when things go wrong. A good contract management system is what businesses need today to stay in the right shape. Dock’s Contract Management System is one such solution that can assure you great results without falling into unexpected errors, expenses, and missed dates. First, let’s discuss more about what to expect from today’s Contract Management System.
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. Meanwhile, companies using a SharePoint Contract Management System, saw a rise in revenue.
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.