6 Factors to evaluate the right contract management software for the legal counsels & teams

Contract management software, sometimes also mentioned as contract administration, refers to the processes and procedures that companies may implement in order to manage the negotiation, execution, performance, modification, and termination of contracts with various parties including customers, vendors, distributors, contractors, and employees.

Contracting is one of the most crucial activities in determining the success of any business arrangement, and shall not be considered as the jobs to be done by the lawyers only. There are multiple stakeholders involved in completing any contract.
This article, mainly targeted for the legal counsels as well as the internal/external legal teams.

Here are the six key factors […]

Five things you must know about the Smart Contracts

Computer scientist and legal scholar Nick Szabo first proposed the idea of smart contracts two decades ago. He suggested that the decentralized ledger could be used for smart contracts, otherwise called self-executing contracts, or digital contract Management Software.

Today, even if the actual use of smart legal contracts remains largely in the future, the idea has gone mainstream.

You might have heard this term many times and would be thinking about it often. This quick article is aimed at providing you with a very brief overview of smart contracts, its usage, and key benefits.

What exactly is a ‘smart contract’?

Smart contracts are really […]

Best contract management software for your organization – Eight factors to evaluate them

Best contract management software for your organization – Eight factors to evaluate them

If you are reading this article, or if you’ve just stumbled upon it on internet, chances are that you are either wondering what is the best contract management software for your company requirements. No matter whether you are in the process of finding the right contract management software solution for your company, or you have already shortlisted some providers, this article can help you in making the right decision for selecting the best contract management software solution for your business.

1. Smooth implementation & ease of use
It’s very important that the best contract management software for your company is the one […]

5 Factors Needed for Sales Enablement Success

5 Factors Needed for Sales Enablement Success

To keep your business relevant and competitive, you need to move away from old sales tactics. These interruptive techniques will only hold back your company. Sales enablement, however, will help you and your sales people adapt to the new way people buy.

What exactly is sales enablement? It’s a multi-faceted term that refers to the tools, technologies, processes, and practices that empower sales teams and help them sell at a higher velocity.

To break it down, here are five factors you need to consider for success.

1. Sales and Marketing Alignment

Are your sales and marketing teams operating in silos?

To be successful, everyone needs […]

What is document and contract redlining?

What is document and contract redlining?

In document management and collaboration process, redlining refers to marking text that has been edited. Typically, redlining is used when two or more people are working on a document together; each individual can redline the text that was added or edited. The redlined text will then appear in a special color (or as bold) so that others can see the changes that have been made

The traditional redlining process typically takes two files as input, compares them to find the largest and nearest blocks of common text, and showing the rest as either added or deleted.  The process works best for […]

Best Sales Enablement Tools

Best Sales Enablement Tools

Smart salespeople use smart tools. As your sales team is the real driving factor of your business, you have to ensure they have tools that help enhance sales processes. In the technology world, you can easily get lost among the variety of tools, so we’ve shortlisted 9 tools that increase your sales team’s productivity and overall performance.

Crystal Knows

This is the tool that earns you business.  Simply speaking, Crystal will help you create emails by giving you all the information about a possible prospect. It is a complete game changer when it comes to drafting a bespoke and personalised […]

Documents That Routinely Waste Your Productive Time

Documents That Routinely Waste Your Productive Time

One of the most relevant questions every company asks is “how to make business processes more efficient?”, this is especially important in meetings, training and reporting. Document management systems nowadays are a huge asset to any business that automates and streamlines daily processes, ensures better visibility and control.
Read on to learn HOW companies can improve their document management processes to reduce time spend on admin tasks and boost productivity.

NDA (Non-Disclosure Agreement)

NDAs are particularly important when you’re disclosing sensitive business information and want to avoid illegal use or information abuse. Before starting to draft an NDA, you need to know what […]

Ways to Keep Your Electronic Documents Safe Long-Term

Ways to Keep Your Electronic Documents Safe Long-Term

A typical day of every office worker starts and begins with a computer. You are saving, exchanging and working on incredible amounts of information. Have you ever thought how vulnerable electronic files and emails are? Without proper protection and security, a company is constantly at risk of leaking sensitive information about its activities and client data.

According to TechWorld, over 707 million files have been lost or stolen in 2015 – that included photos, credit card information, contracts, phone numbers and more. Just imagine how it can affect business and your clients. In order to prevent hack attacks, below are proven […]

How DocuCollab Can Boost Your Team’s Productivity

How DocuCollab Can Boost Your Team’s Productivity

Business automation has become a trending phrase in a digital world. Everybody is talking about automating their workflows to increase productivity. However, employees are often equipped with loads of different software which, in the end, is handled inefficiently and can massively impact your team’s productivity. To eliminate these risks, we’ve created DocuCollab – a document management software to make sure your team handles document workflows as efficiently as possible. Here’s how DocuCollab can positively impact your productivity.

1. Organised workflow

Do you remember the days when you spent hours reading a paper copy of T&Cs and hopelessly trying to find important information? […]

Key Benefits of Document Management Software

Key Benefits of Document Management Software

Is document management software is a solution for your business?

The answer is YES.

An effective document management system is imperative to ensure your daily operations are running smoothly, documents are safely stored and easily accessible.

But before starting, let us introduce you to the key facts about paper document management:

Fact 1: The average document gets copied 19 times

Fact 2: Companies spend $220 to retrieve lost documents

Fact 3: 7.5% of all documents get lost

Source: PWS whitepaper survey

Document management software (DMS) is a solution for any type of business to store, capture and collaborate on a document in a real time. Let’s focus on […]