How Does Contract Management Help Your Business?

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How easily can you track work on a contract? This can require a lot of your attention and focus and take up the time that you need to perform other important tasks. Now, imagine that you are working with dozens of documents. This nature complicates the task and forces you to think about technical and creative solutions. Such effective solutions include contract management, which takes place with the help of modern software or web services.

What is contract management?

The management of the agreement takes place from the moment the document is created until the signing and execution of the contract or termination of the contract. To comply with all contract terms on time, monitor contract signing and performance, and avoid reputational or financial risks, automated contract management is a necessary solution.

In addition, the term also includes the ability to quickly create and fill out the necessary documents, exchange them with partners, and sign and maintain reports. You can automate document flow and work with contracts using special services and one of them is airSlate.

Why is using the airSlate service worth it?

The airSlate service provides comprehensive solutions for businesses of all sizes and companies with different numbers of employees. The flexible pricing policy allows you to choose the optimal set of services for each individual case. With airSlate tools, you can do many of the things you need to:

  • Create new contracts, purchase orders, invoices and other documents using pre-built templates;
  • Receive payment;
  • Monitor the processing of contracts;
  • Integrate tasks related to agreement execution into a single process;
  • Automatically update records in CRM;
  • Share offers with different parts of your company or with partners;
  • Approve and sign agreements on a single platform without using additional software;
  • Get reports in a convenient format without having to learn complex interoperability standards with airSlate tools in advance.
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You can use all the options listed, both on desktop and with the help of mobile devices. Furthermore, you can delegate normally repetitive tasks to one of the existing bots or create a new one according to your needs.

Create documents, edit them with various tools that simplify this work and speed it up many times over. airSlate is the most powerful all-in-one tool on the market that can handle any task when interacting with corporate documents.

At the same time, the service is built to the highest standards of quality, encryption and data protection requirements, so you can comfortably use airSlate even in the case of confidential documents or when working with data. individual.

Contract management to make your business more profitable

Effective contract management frees up tens of hours of work, so you can get more done or see new opportunities. All this has a positive effect on the entire operation of the company. As more steps and processes are simplified, businesses become more agile, adaptive, and competitive. The company’s profits from this increase and the likelihood of errors and losses decreases.

When you have automatic document flow, it’s easier to deal with phenomena like:

  • Lack of transparency and mistakes in important agreements;
  • A slow life cycle, accompanied by the need for personal encounters and increased attention to text;
  • Violation of terms or terms leading to contract termination, etc.

enterprise level

The biggest risks are reputational, involving both the company’s own work and the company’s efforts to protect confidential or personal information; and finance, arising from lost or conflicting profits. By avoiding these risks, automating work with electronic documents allows you to not only reduce losses, but also help your company succeed financially.

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Smooth and convenient contract management

Working with airSlate happens in several steps

1. Prepare and work with templates

Most formal documents and agreements have a similar structure, so airSlate offers a variety of ready-made forms that you just need to fill out. You can edit documents as needed: add and remove fields, use graphic or multimedia elements, and add digital signatures to your agreements.

2. Coordinate the implementation of the agreement

You can share documents with partners, send them documents for further processing or obtain digital signatures, etc. You can set up notifications and reminders about pending document operations to You don’t forget the most important tasks.

3. Automatic contract renewal provided that the previous parties have agreed to this and allow the bot to create a new agreement at the end of the previous agreement.

4. Follow up on contract life as needed.

You can get all the necessary data regarding changes and new transactions and even calculate KPIs in real time.

Use modern solutions and stay ahead of your competitors: spend more time, earn more and do your best with less effort. The airSlate service will help you do all of this as soon as you integrate the tool into your company workflow.

Categories: How to
Source: vothisaucamau.edu.vn

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