3 Major Business-Expediting Elements Contributed by Contract Management Software

1. 3 Major Business-Expediting Elements Contributed by Contract Management Software By DocuCollab © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. DocuCollab - 1604 Spring Hill Road, Suite 216, Tysons, Virginia, 22182, USA Contact Number: +1-571-228-7037 | Email: sales@docucollab.com

2. The advantages of incorporating an agile contract lifecycle management software is widely known. However, not all enterprises leverage the vast offerings of the application in expediting business affairs. We live in an unstable era, where the pandemic’s havoc is still causing businesses to stumble. In such a scenario, leveraging every opportunity and software is necessary to assess and improve ROI, and the business goals. Contract management software for sales has considerably decluttered the process silos, enabling managers to control contractual affairs efficiently. We have compiled the 3 major business-expediting elements contributed by contract management software that can transform your activities. ● Templating While it sounds simple, the templating feature saves a load of time. Contract managers can create different templates for various business processes, which they can edit in under 2 minutes. The templating process, although isn’t a novel activity, helps in reducing the operations time in drafting an entire contract every time or copying and pasting from one document - both which are prone to errors. The smart templates in the software can be edited seamlessly with an emphasis on accuracy and precision. ● Security at Micro Level Cybersecurity has become the main agenda of businesses in protecting their digital assets. Ironically, organizations that spend magnanimous amounts of money in cybersecurity tend to miss out at the basic levels. The top contract management software for salesforce enables the managers to instill security at the micro level. Users can secure paragraphs and hide crucial © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. DocuCollab - 1604 Spring Hill Road, Suite 216, Tysons, Virginia, 22182, USA Contact Number: +1-571-228-7037 | Email: sales@docucollab.com

3. information from unauthorized members. Access can be limited in terms of the importance of the documents. It also facilitates the managers in viewing the members who have access to the document and manage the viewers. ● Add Addendums The post-pandemic period saw a huge influx of changes in the contractual terms as the economy came to a standstill. Many organizations had to deal with force majeure of contracts, creating an intricate network of corrections. Prior to the advent of the contract management software, adding addendums to a contract was an elaborate process riddled with manual errors. With the software, it is easier to add addendums to the original contract without errors and confusions. Contract managers can track the changes and update the terms as per the addendums effectively. As we usher into another year, it is essential to amp up the business with robust software and applications. Tapping into the resources of the contract management software is the best way to expedite your business affairs. DocuCollab is the best contract management software for small businesses that offer an array of advantages. © 2020-2021 All Rights Reserved, No part of this document should be modified / used without prior consent. DocuCollab - 1604 Spring Hill Road, Suite 216, Tysons, Virginia, 22182, USA Contact Number: +1-571-228-7037 | Email: sales@docucollab.com