Gathering signatures for a contract or agreement can be difficult without the proper tools. Outdated and slow signing methods can cause signature bottlenecks that delay contract execution. What’s more, high costs for wet signing and postage can decrease your bottom line.
Gathering contract signatures can be a challenging task, especially when working with multiple signatories in various locations. Signatures finalize contracts and propel their execution. This highly anticipated step can be delayed with manual processes that include scanning signed documents, emailing scanned contracts, signing with wet signatures, mailing contracts with wet signatures, and reorganizing signed contracts in shared drives - to name a few. Moreover, specific signatures can require notarization, which can further delay the signing process. Read on to learn how eSignature software within contract management software can make contract signing quick and easy.
Contract review is a crucial contract management stage. Unfortunately, far too many organizations overlook this process or leverage out-of-date methods. Tragically, contract evaluation process oversight can result in:
- missed key dates and obligations.
- overlooked opportunities.
- contract language and clause mistakes.
- and other painful consequences.
Thankfully, we can establish a contract review checklist and manage the life of a contract with leading contract management software. Let’s get started.
The age of legal operations digital transformation continues in 2023, with even more exciting digitization tools for business process automation available. The more contract administration tools available to legal teams and contract administrators – however – the easier it is to fall behind. With that said, let’s examine six tips for effective contract management in 2023 to get ahead with contract management software.