Whether it is due to the increasing digitization of the modern workplace or because of an unforeseen circumstance, working remotely is becoming progressively more commonplace. As such, it is important that professionals in a myriad of industries are supported with sufficient tools to keep contract management, procurement, and sourcing operations running smoothly. IntelliSign electronic signatures with CobbleStone’s Contract Insight® equip organizations with a configurable, streamlined, and user-friendly document collaboration and signing process both in-office and on the go. This article will explain how.
CobbleStone Software’s contract management software, Contract Insight™, allows users to complete the source-to-signature process in one simple, configurable system. The final stage in this process, signing the contract, can be streamlined with the use of e-signatures. Contract Insight’s seamless e-signature integration tracks each step in the process. Users can be notified when a contract is ready for signing through automated workflows and real-time status updates.
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.