Reshaping the Way You Work

Dock 365 is committed to providing you with tools and information you can use to take your business to the next level. At Dock 365, we believe that success and knowledge go hand in hand. Our goal is to ensure that all companies have access to information they can use to be more efficient and effective. Make sure to follow and subscribe to our blog for insights into the latest business solutions, trends, and practices.

5 Reasons Businesses Transition to Digital Contract Management Systems

Digital contract management has become the norm for many businesses. In the vast majority of businesses today, implementing a digital contract management system is the key to solving several contract-related problems.

An Introduction to Digital Contract Management Software

With the correct software solution, you can conduct all of your contract management operations in a centralized location.

A Guide to Online Contract Signing

A contract is only valid when all parties involved signs the agreement. Only with a valid signature does a contract have legal standing. Many contracts involve negotiations before signatures.  At a time when minimizing human interaction is of great importance due to Covid, contract negotiations face-to-face amongst parties and contract signing on physical paper with ink becomes a lot harder for all parties. A solution is to digitize the contract negotiation and signing processes to completely take place on a virtual platform.

6 Keys to Digital Contract Management Implementation

Implementing a digital contract management system comes near the top of the priority list of every organization.  A digital contract management system offers numerous benefits. Implementing such a system is a critical and challenging task. Finding the exact requirements needed for digital contract management that meets your organizational objectives and priorities is a highly substantial task. This can be done readily following a few simple steps. Here are six top-notched steps of implementing a digital contract management system to boost your digital contract process.

Equip your Contract Management for a New Age

The new decade brought drastic changes to every sector of the world. These changes also resounded in the enterprise organizations, their daily activities were affected, workforce shifted to the comfort and safety of their home, and the demand for digitalization has increased now more than ever. Enterprise activities that profoundly depended on the people that were physically present on site has been forced to change to virtual solutions, so that those processes will keep running smoothly. For enterprise organizations the digitalization move was essential so they could keep running their business.

Importance of OCR Capability in Contract Management

OCR stands for Optical Character Recognition.  This is an advanced software capability that involves artificial intelligence (AI) to turn a scanned contract or document from a picture to a usable data set.  OCR has changed the playing field for Contract Management Systems, in a huge way! 

How to Overcome the Challenges in Implementing a CLM During the Pandemic

Many things changed when the pandemic struck the world. Not even a single sector survived without at least a certain number of problems. Business sectors across the globe got affected badly. However, technology and superior digital innovations, helped the world to overcome those limitations and risks to a big extend. The digital transformation happened 4 to 8 times quicker in this period. Modern contract management tools gained better relevance and demand in this backdrop. As the pandemic situation does not seem to move any soon, businesses need to consider smart businesses for contract lifecycle management. In today’s blog, we are going to explain how to overcome the challenges of implementing a CLM during the pandemic.

5 Ways to Automate Your Contract Management Processes

Businesses of all sizes need to manage their contract smartly and safely to increase their productivity. It is good to implement a contract management software solution for your business in the starting stages itself. As these are struggling times, and you will need more time to spend on productive and crucial business processes. Once your organization starts to grow and many contracts become active, it will be tough to implement a contract management system at that time. One major benefit offered by modern CMS Software is that they automate many of the contract management processes and activities. Thus, allowing workforces to concentrate more on critical and productive tasks. In this blog post, we will tell you about 5 ways to automate your contract management processes with ease.

Don't Get Left Behind!
Subscribe to Dock 365 Blogs!
Stay up to date with the latest business tips and trends.