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Contract signing is one of the most important processes in contract management. Today’s electronic signature technologies revolutionized that process. Electronic signature capabilities are essential for an efficient contract management solution.
The Covid-19 pandemic has changed the entire dynamic of business in the US. Contract management is at the core of every business transaction, and the Covid pandemic has made contract management a critical part of every business. Any disruption in contract management will directly impact the organization's revenue and spending. This is why it is important to review your contract management system.
Using a manual method for managing contracts could be practical for 3-4 contracts, but when it comes to managing a variety of supply chain contracts, with various workflows, due dates, expiration dates, and renewal terms, the manual method will likely fail to prove efficient. Studies have found that over 14% of businesses are affected by supply chain issues due to the ongoing pandemic.
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.
Some of the questions we get asked the most here at Dock 365 relate back to how to manage users and groups in SharePoint Online. To help answer some of those questions, we put together this basic guide for users to refer back to. With that said, let's take a look at basic user management in SharePoint Online.
Running a business successfully takes a lot of hard work and intelligent management of resources. Various crucial areas in business require exceptional management to gain the desired results. Projects, Contracts, Human Resource, Finance, and Training are some of the major departments that need to be addressed well. Vendor Management is one area/department that gets missed out from this priority list of most organizations. The fact is that vendor management is an integral part of any business which has a great role to play in maintaining top quality customer service, product quality, and market development. In this light, we have accumulated a comprehensive data about different aspects of Vendor Management that let businesses understand why it is important, what benefits it can bring, and how to do this.
Microsoft Teams is the solution to manage all your communications, documents, and tools in a team workspace. As of April this year Microsoft teams have over 75 million daily active users. Microsoft is centralized around how an organization works. Earlier Microsoft had announced the integration between Dynamics 365 CE and Microsoft Teams. With this upgrade, users can create and edit documents inside the application and instantly access SharePoint, OneNote, Power BI, and now Microsoft’s model-driven apps in Dynamics 365. One might ask how this Microsoft Teams' integration with the Dynamic 365 model-driven apps is going to help the average user. That is exactly what we are going to discuss here.
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.
Over the years, SharePoint has proven itself to be one of the most powerful tools for helping organizations stay organized. In 2017, Microsoft launched hub sites for SharePoint online. Hub sites are another great option for building and managing your company's intranet. Let's take a look at hub sites in SharePoint Online and go over how to create and manage them.