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Contracts are part and parcel of daily business. In this blog post, we look at the typical challenges that companies face on a daily basis when [...]
Modern contract management starts wherever the optimization potential is the greatest: for efficient collaborations between all those involved in the process and for avoiding inconsistencies in media format through intelligent digital solutions. This helps reduce processing times and make the entire workflow more predictable and reliable.
You can create new contracts in an instant by selecting from existing templates, passages of text and parameters, or by uploading new contract templates. This ensures consistency when creating contracts. Automated workflows enable efficient and error-free testing and releasing, and the contract period checks allow you to keep a constant eye on everything.
Whether it’s via Google Drive, Microsoft OneDrive or Microsoft Office 365, the new feature in the contract management software makes it possible to work directly on a contract with the entire team on an equal footing, and everything is handled digitally. Do you want to negotiate contractual terms with a new partner? No problem! Simply assign them permissions, upload the contract to the cloud and you’re off, regardless of where your contract partner is.
For collaboration as a team, you’ll need access to collaboration tools in addition to the contract management software. You can find more information on the websites for Google Drive, Microsoft OneDrive and Microsoft 365.
By the way, the collaboration feature is now available for all our solutions for document-intensive processes. You can also find out more from our blog, “Collaborative Work & Document Management”.
Everything is finished, the contract is complete, it just needs to be signed. Collective work on the contract has made the process more transparent and efficient for all involved. When it comes to the signature, though, many reach for a printer and a pen again, thus causing an unnecessary inconsistency in media format. But you can sign the contract in a legal and accountable way directly from the contract management system using an electronic signature.
The market leader in digital signatures, DocuSign, makes it possible for you to create a conclusive digital signature. The signature request goes out by email. The digitally signed document is then uploaded separately and contains all the changes made in a change history. DocuSign is already integrated into the contract management system EASY Contract.
A new feature in the contract management software is the connection to an archiving system. With a click, you can put your finished contracts in revision-proof, automated storage. Afterwards, you’ll be able to retrieve them at any time using full-text search, including a detailed log of all the stages of work carried out on the contract.
Legal certainty is the basis for contract management. Select a provider supporting legal standards such as the General Data Protection Regulation (GDPR), the generally accepted accounting principles (GAAP) and the GDPdU (principles of data access and auditability of digital documents).
Read our white paper to find out more about how contract life cycles affect your company and the best way for you to manage this.
This whitepaper provides recommendations for sales, legal, procurement and finance professionals who want to grow within their businesses.
The dashboard for the overview of all contracts is customizable if desired. That way, you always have your overview of all contracts, all important figures, data and facts available. The best part is that with a simple click on the individual graphic elements, you can drill down into a more detailed view. Even on a smartphone or tablet. And so perfect for when you’re on the way from here to there – or during contract negotiations when speed is called for.
Gone are the days of back and forth by email and telephone. EASY Contract offers a chat function for every contract. Do you have questions about a contract detail? If you’re not in a hurry, just go ahead and start chatting with other colleagues who are authorized in the contract management. The best part is that the context is preserved – and that way there is no annoying and time-consuming communication about which contract the questions refer to and so on.
EASY Contract structures contracts hierarchically. Framework contracts can be defined. In that case, the contract management solution dynamically creates a new tab on which all of the contracts subordinate to the framework contract are listed. Dependencies can be spotted at a glance. Modern contract management is that easy; “traveling” into the past – of your contracts – is that easy.
It has never been so easy to manage a variety of payment types. No matter if there is a one-time payment for the contract or if it is a lease contract with a series of payments. You can set up several payment plans for each contract in no time – and comply with the budget planning using the contract management. Of course, you can also display this graphically through EASY Contract.
Of course, deadline management is a feature of EASY Contract. Thanks to multi-level deadline calendars with reminder function and escalation mechanisms, missed deadlines are a thing of the past. Get reminded directly in the contract management or by email. Never lose another advantage to a missed deadline. That pays off!
EASY Contract is ready for enterprise mobility. Use the contract management software as an app on an iOS/Android smartphone or tablet. Or as a responsive web application on any device. A real helper when it counts – even without a working mobile network, if you happen to be sitting in a plane. Every contract in one app. Modern contract management can be that easy.