An article by the industry giant, McKinsey, and Company, ‘The McKinsey Quarterly’, stated that 45% of all human activities, which employers pay for can be automated. Automation is inevitable and it’s changing the world. Automation complements the organization’s existing technology structure while opening doors to develop and implement new ground-breaking technologies. From virtual assistants and robots taking orders at fast-food outlets to Tesla Motors developing self-driving vehicles, automation has taken the world today by storm – and there’s one revolutionary technology disrupting the business industry in particular: Contract Management Automation.
An automated contract management system empowers your organisation to extract the maximum value out of the agreements you have worked so hard to negotiate while reducing your exposure to risk. The entire contracting process consists of a plethora of elements including contract drafting, evaluation, negotiation, execution and contractual record maintenance. These processes when executed manually become cumbersome and complicated, but with the appropriate strategy, a revolutionary contract management software and the right tools, it can turn out to be the easiest part of the entire contracting process.
DocuCollab Contract Management Software is a sure fire way to automate and accelerate your contracts and transactions by up to 70%. With this revolutionary all-in-one automated contract solution software, seamless contract management for your entire company is not a distant dream anymore. With DocuCollab automate virtually every step of your contract lifecycle management and close deals faster than ever before besides ensuring compliance without slowing down deal velocity of any kind.
We have compiled a list of 7 Contract Management functions you can automate today with DocuCollab and secure peace of mind: