Introducing a new enterprise contract lifecycle management solution can be a painless process or a long and difficult one. Taking steps to prepare for the implementation helps ensure the process is efficient rather than arduous and helps guarantee success. At CobbleStone Software, we've found that the following steps help lead to successful implementation:
Business software plays a critical role in any organization and is the foundation for doing business in today’s economy. Companies typically rely on leading software products such as e-commerce software, procurement and sourcing management software, customer management software, accounting software, and risk management software, to name a few.
How Business Process Automation is Being Used Today
Many workplace processes are repetitive and time-consuming, leaving employees minimal time to focus on improving their organization. It has been found that 12% of a company’s total annual costs may be used for administrative tasks and contract management. These expenses can be eliminated by implementing technology-enabled automation, also known as Business Process Automation (BPA), that will significantly improve workplace processes. By 2021, companies are estimated to be spending $12.7 billion on these solutions, leaving those relying on traditional methods to plummet. By investing in BPA, your business can begin focusing on the research, strategy, and development that will position your business as a leader in any industry.