Disorganized document and contract storage, workflows relying upon phones and emails, and manual document writing solutions won’t suffice in 2020. Don’t slip back into the success-minimizing habits of 2019. Revive your contract management new year’s resolution for this year with a process that leverages a secure contract repository, automated workflows, and streamlined document assembly.
Manual drafting processes, unsystematic document and contract storage, and workflows involving emails and phones lead to contract lifecycle bottlenecks, wasted time, and squandered opportunities. Contract management software can help alleviate these issues so that education professionals can take control of their contracts and “ace” contract management best practices.
Spreadsheet-driven contract management processes are error-prone, time-wasting, inefficient, disorganized, and lacking in security. Such practices should stay in the past; contract management professionals should begin 2020 with practical, centralized, user-friendly, and scalable contract lifecycle management solutions.
Intelligent contract workflows help accelerate the contract lifecycle but must be used in combination with workflow escalations to achieve a completely streamlined process. You and your team may be 90% compliant with getting contract management tasks completed in a timely manner, but sometimes workloads change, and you may not get to complete that assigned task by its due date. Contract workflow escalations can help eliminate this challenge by having a back-up individual who can complete the task instead.
If you’re frequently encountering delays or bottlenecks at a particular step in your contract process, contract management workflow escalations can help eliminate the slow down.