Contract Management Can be a Low-Risk, Productive Process, According to New White Paper from Contract Logix, LLC
Chelmsford, MA, October 27, 2013 --(PR.com
)-- Contract Logix, LLC, one of today's leading contract management software providers, released a new white paper titled “Streamlining Contract Management to Mitigate Risk and Increase Productivity.” This white paper outlines the current contract process for most companies, along with its shortcomings, explains what contract management software is and how it can help simplify contract management and provides some best practices for contract management overall.
In this paper, several advantages to contract management software are showcased, including: (1) flexibility to create and customize elements of the software as well as the ability to view, approve and manage contracts from anywhere; (2) enhanced visibility through a secure, collaborative environment that can proactively drive and track changes to living documents; (3) template creation for quick and easy contract creation; (4) improved compliance through comprehensive audit trails and less manual processes; and (5) automation of alerts, reports and escalations to avoid missed deadlines and improve productivity.
The days of a manual contract process are over as more companies have begun to realize the benefits of a professional grade contract management system. Not only can it do most of the work for you but it also provides a way to track and analyze metrics so you can become more efficient over time. As the paper says, “Contracts are not as straightforward as they used to be. In order to ensure you have optimized productivity and limited risk, you need to use a system that is built to handle the contract management process and all of its intricacies.”