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How Contract Automation is Changing the Business World?

In an era of unprecedented technological change, businesses are now embracing automation for their business processes like contract management. Contracts are the lifeblood of any business. Automation greatly benefits businesses that routinely create, negotiate and execute contracts. If businesses are still using manual, paper-based methods, then its contracting process results in confusion, inefficiency and mistakes. It also slows the pace of doing business, increases risk, and causes frustration in customers and employees.<br><br><br>Visit: https://docucollab.com/

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How Contract Automation is Changing the Business World?

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  1. How Contract Automation is changing the Business World? By ​DocuCollab           © 2018-2019 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.   In an era of unprecedented technological change, businesses are now embracing                       automation for their business processes like contract management. Contracts are the                       lifeblood of any business. Automation greatly benefits businesses that routinely create,                       negotiate and execute contracts. If businesses are still using manual, paper-based                       methods, then its contracting process results in confusion, inefficiency and mistakes. It                         also slows the pace of doing business, increases risk, and causes frustration in                           customers and employees.  Automation has changed the way that many organizations execute a contract. By                         employing ​contract management software​, they are able to achieve considerable                     improvements over their business processes, reduce risk and increase revenue.    Automated Contract Management in Business   How do automating contracts change the business process for an organization? With an                           efficient contract management platform having many enticing features, such as online                       redlining and negotiation, approval workflows, edits, e-signatures, trigger emails and                     alerts – its implementation becomes smooth. It is nice for day-to-day users and anyone                             who needs to sign a contract as it provides more efficiency and a core process change.    With an automated, integrated ​contract management solution such as DocuCollab,                     businesses are able to streamline their contract lifecycle by transforming analog manual                         processes into a digital automated workflow. This results in increased compliance,                       enhanced pace of doing business and more efficient employees.    Click here to read ​7 Contract Management functions you can automate today & secure                             peace of mind!    © 2018-2019 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. Easily Search for Contracts with a Central Repository  The way contracts are organized can affect business productivity. Sales teams must                         be able to locate contracts quickly in order to respond to customer inquiries or process                               renewals within the organization.  Many businesses do not have a centralized storage of their contracts. Keeping                         contracts easily identified and located by relevant stakeholders saves time and boosts                         efficiency. Having one central repository makes it easy to search and quickly find                           documents.  By using contract lifecycle management tools like DocuCollab, organizations can have                       a central repository to share and manage documents and contracts ensuring that the                           sales team has all the information in one place.  Automated Contract Drafting  The contract drafting process can be automated with centralized templates that are                         automatically filled in with contract details.  Using highly efficient contract generation tools like DocuCollab, businesses can now                       have easily customizable smart contract templates that ensure that they always have                         the most up to date data from their CRM or other systems.    © 2018-2019 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

  4. Automated Workflow  Contract management increases communication and collaboration across a business                   organization.  Using integrated, automated contract management improves business cycles. It                   streamlines the contract process and helps move contracts quickly from one step to                           the next. With its pre-configured intuitive workflows, it ensures contracts go to the right                             stakeholders for reviews, approvals and negotiations.  With a digital contracting solution like DocuCollab, you have a feature of audit trail                             where the contracts are routed quickly to the person who needs to see them or take an                                   action on them. It automatically saves all changes and all versions thereby providing                           increased visibility and accountability while ensuring that everyone is working with the                         latest revisions. It lets you do this in real-time, online, with change tracking.  Click here to read ​5 sure ways to convince your Boss to invest in a Contract                                 Management System  Automatic Reminders for Deadlines and Renewals  A reliable contract management system is backed by e-mail status alerts and triggers                           to necessary people about important dates related to ​negotiation and completion so                         that contracts are then quickly reviewed and no step or review is missed. This helps to                                 mitigate risks.  © 2018-2019 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

  5. Increased Visibility    The status and location of a contract are visible to everyone with a contract                             management tool that allows for different visibility for different roles in the                         organization. It gives different stakeholders inside the organization information on                     where contracts are currently in a process. It helps you to track the state of your                                 contracts and understand where bottlenecks are so that you can optimize the process.  Automated Approvals with E-Signatures Using E signatures allow for the quick approval process that shortens cycle times and                             reduces costs. An automated contract management solution ensures a seamless                     signature process that can be done electronically and even on mobile devices,                         dramatically decreasing the contract cycles.  Intelligent Analysis One of the key benefits of CLM ​(Contract Lifecycle Management) solution is that it                             gives the stakeholders greater insight into the contracting process. With analysis and                         review, it helps determine where your business workflows may need improvement,                       document challenges, and build upon successes.  With contracts as the source of relationships and revenue in a company, it’s important                             they’re given as much attention and innovation as every other aspect of business.                           Automation playing a pivotal role in the business landscape, a necessary investment in                           © 2018-2019 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

  6. a Contract Management Solution like DocuCollab ensures optimum returns in the long                         run for your business.  Click here ​to discover how you can automate every step of your contract management                             lifecycle through DocuCollab’s seamless contract lifecycle management tools.    © 2018-2019 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

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