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How to make contract management more efficient

Join the eSignature revolution

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  • Home
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  • How to make contract management more efficient
As business move more core processes online, electronic contract management is a quick win to moving your digital transformation along.

Previously, one of the objections to eSignatures was that they were not legally accepted. With this obstacle removed, there are no compelling reasons to stay with paper-based contracts.

An efficiency enabler for modern businesses

Although going completely paperless is unlikely at least in the near future, the business case for electronic contract management is powerful. With stakeholders around the world or working from remote locations, having a slick way to create, review, sign and store contracts is vital.

eSignatures are also a useful tool for working with customers, prospects, freelancers, subcontractors, partners, distributors, agencies and other third parties. By utilising a SaaS-based system, you can easily and securely create new users onto the system – even from outside your organisation.

Justifying the investment

As well as the obvious time savings, user productivity and reduced cost from printing, sending and storing paper, there are some hidden benefits to adopting eSignatures.

Although they are normally associated with contracts, cloud-based eSignature technology can also be adopted for managing documents across the whole business or customer lifecycle. From quotes to order confirmations in the early stages through to procurement and invoices, eSignature software can be adopted in a multitude of ways.

In the event of a compliance investigation or audit, you can also save time by demonstrating who had access to a document at any given time, the actions that were taken on it, and where it is stored. Templates can also be saved to optimise processes and avoid duplicating work for every new customer or supplier.

In many ways, it is easier to justify adopting eSignature software than it is to justify staying with paper or manual/email-based processes.

Find out more about eSignature solutions
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