60% to 80% of business transactions are reinforced by legally binding contracts.
The efficient management of the contract lifecycle minimises risk and provides instant access to business critical data. EU directives, compliance and acts such as Sarbanes Oxley are all driving businesses to manage their documents efficiently. Being required to provide documentation within 48 hours of a request can be difficult for most organisations that continue to store contracts in paper format only.
Correct management means that you can avoid penalty clauses, be in control of renewals before they occur, ensure sales discounts are obtained and be aware of warranty periods.
A secure online collaborative environment provides a faster and more efficient method for contract negotiations.
The automation of reports can maintain a constant check on supplier and customer contracts so that decisions can be made if risk parameters change.
Our solution can also provide tools to automate the assembly of complex contractual documents. This reduces the high costs associated with the creation and management of contracts and can improve overall business efficiency. This provides end to end lifecycle management including:
To find out more about the contracts managment and how ImageFast can help please contact us or email sales@imagefast.co.uk.