Drafting contracts: it is often a nerve-wracking task. But rock solid contract templates can make your business stronger, mistakes are literally paid in cash. Using standardised contract not only saves time but also money. Let’s face it, creating new contract forms from scratch each time isn’t the most creatively fulfilling task for most people. SoftAdvice offers several crucial reasons why automated contract management is the smartest choice.
Starting from a blank page? That’s risky.
Relying on manual drafting without automated templates exposes your business to more risks than you might realise. Not only is it exhausting for the person drafting the contracts, but it also feels like reinventing the wheel every time. It can also lead to major differences in form and content. It is time-consuming and human error is always lurking around the corner. This can affect key elements like transparency, payment terms, renewal deadlines, and even the overall professionalism of your business. On top of that, you risk losing those favorable terms you’ve skillfully negotiated using all your expertise and powers of persuasion. Fortunately, all these risks are easy to avoid.
Have your contract forms created by an ECM system
So much for the doomsday scenario. Fortunately, very convenient and user-friendly solutions are available. ECM or enterprise content management systems help you maintain a coherent structure in your contract management. Human errors are avoided, there is easy access to already drafted contracts and the time-consuming drafting procedure disappears. With an ECM system like M-Files, you can have contracts streamlined based on already approved copies. Contracts become easily manageable throughout the negotiation process and are seamlessly integrated into common software packages like Microsoft Office and Office 365. In short: You get full control of your contract management, while it also becomes standardised and user-friendly. You can be always in control and have the upper hand in all circumstances!
Benefits across departments
At SoftAdvice, we strongly believe that using M-files will have a positive impact on your entire business. This new, higher standard will be felt within all core operations of your company:
Sales: Sales contracts and legal agreements take significantly less time.
Human resources: Employment contracts and processing vacancies is a lot faster.
Procurement: Sales and purchasing processes run significantly smoother when all the necessary information is quickly requested and retrieved.
M-Files is an affordable, high-performance system that propels your business forward. Interested in learning how M-Files can give your business a much-needed boost? Further streamline your contract approval processes? Contact SoftAdvice to get on the right track immediately!
