In the age of digital transformation, organizations from a vast array of industries are switching from on-premise to web-based SaaS (software as a service) software deployment to streamline business operations. Those using contract management software are no exception. There are times when on-premise (deployed) contract management solutions are applicable. However, on-premise solutions can leave organizations exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization. Conversely, cloud-based contract management software can streamline, unify, and automate legal operations. To that end, here are some perks of switching from an on-premise to a SaaS contract management software solution.
SaaS Contract Management Software
SaaS contract management software can digitally centralize contract lifecycle management on a web-enabled system. A SaaS contract management software system is hosted on a provider's server. Leading SaaS contract management software can:
- simplify IT operations.
- streamline contract management software updates.
- improve contract management software access.
- decrease the risk of contract data loss.
- increase user-friendliness.
- uncomplicate contract lifecycle management.
Streamline Contract Management Software IT Operations
One major benefit of SaaS contract management software is the ease of system management from an IT perspective. Advanced SaaS contract lifecycle management software solutions - such as CobbleStone Contract Insight® - take some of the major headache away from IT departments. Contract data storage, security measures, contract data backup, disaster recovery, encryption, and more can be facilitated with organizations so that they can focus more time and energy on other IT-related responsibilities and contract management decision-making.
Simplify Contract Management Software Version Updates
SaaS contract management software keeps CLM software systems up-to-date easily. Advanced contract management software providers can update organizations' web-enabled CLM platforms as new versions and updates are released. As such, contract management teams can quickly get started using the latest contract lifecycle management features and enhancements. This benefit minimizes the need for valuable IT time and resources to shadow installations and updates!
Want to see CobbleStone's latest software version release? Watch the video below for an overview of the many features and enhancements that CobbleStone® has to offer.
Improve Contract Management Software Access & User Permissions
With SaaS contract management software, organizations can enjoy robust accessibility of their systems and advanced user permissions configuration.
Leading contract management software can allow organizations to access their systems from virtually anywhere, at virtually any time, and on virtually any device with suitable WiFi. CobbleStone Software - for instance - offers a CobbleStone Software Mobile App - a key CLM differentiator. The feature-rich app is available for Apple iOS and Android devices, and allows users to easily fulfill web-enabled contract lifecycle management tasks on a robust but user-friendly interface.
Additionally, trusted SaaS contract management software supports robust yet easily-configurable user permissions for contracts documents, contract data fields, contract management reports and dashboards, and much more.
Decrease Risk of Contract Data Loss
On-premise (deployed) contract management software solutions can force organizations to rely upon physical contract data backups that are prone to failure. SaaS contract management software can automate contract data backup and disaster recovery because experts from the organization providing contract management software can handle these tasks for clients.
Increase User-Friendliness of Contract Management Software
On-premise contract management software can necessitate time-wasting software installation and upkeep on deployed servers. SaaS contract management software can be managed and utilized quickly on familiar browser interfaces - creating a seamless and centralized experience that quickly marries contract management and other business operations thanks to efficient, cloud-based deployment and upkeep.
Uncomplicate Contract Lifecycle Management
Once a SaaS contract management software system is installed and set up, organizations can easily manage the comprehensive stages of the contract lifecycle on a cloud-based solution with:
- an automated contract request process.
- simplified contract writing that features streamlined merging of contracts with templates from an organization's pre-approved clause library.
- a centralized process for contract negotiation, contract collaboration, and contract approval routing.
- contract analytics and contract data tracking.
- automated key date alerts and notifications.
- comprehensive risk assessment, risk mitigation, and risk analysis.
- straightforward configuration and tracking for specific contract types for a myriad of industries.
- integrated RFx management (including RFPs).
- simple searching and reporting - which can include an ad hoc and custom report designer.
- & more.
Now that you know the benefits of switching from on-premise to SaaS contract management software, it's time to get started with the only solution that features all of the web-enabled contract management software features above and more: CobbleStone Contract Insight.
CobbleStone Contract Insight is an award-winning CLM software suite that is trusted by thousands of contract management professionals. CobbleStone's trusted, highly-integrated, web-based CLM software platform streamlines the contract management process with powerful governance, reduced friction, and high flexibility from contract requests to renewals. See industry-leading SaaS contract software in action by booking your free demo with a CobbleStone Contract Insight expert.