How easy is it for you to track work on a single contract? This may require a lot of your attention and concentration and may take up time that you need to do other important things. Now, imagine there are dozens of documents you’re working with. This abstraction complicates the task and forces you to think about creative and technical solutions. Such effective solutions include contract management, which takes place with the help of modern software or web services.
What is contract management?
Contract management takes place from the time the document is created to the signing and execution or termination of the contract. In order to comply with all contract terms on time, monitor its signing and execution, and avoid reputational or financial risks, automated contract management is an essential solution.
In addition, this term also includes the ability to quickly create and fill out the necessary documents, exchange them with partners, and sign and maintain reports. You can automate document flow and work with contracts using specialized services, and one of them is AirSlate.
Why is it useful to use the AirSlate service?
The AirSlate service provides a comprehensive solution for businesses in any sector and for companies with a diverse workforce. A flexible pricing policy allows you to choose the optimal set of services for each individual case. With the AirSlate tool, you can perform many of the operations you need:
- create new contracts, orders, invoices and other documents using ready-made templates;
- receive payment;
- Monitor the processing of contracts;
- integrate the tasks related to the execution of the agreement into a single process;
- automatically update records in CRM;
- Share offers with different departments or partners of your company;
- Approve and sign contracts on a single platform without using additional software;
- Receive reports in a convenient format without the need to first learn complex parameters of interaction with AirSlate tools.
You can use all the listed options both on desktop and with the help of mobile devices. Furthermore, you can assign regular repetitive tasks to one of the existing bots or create a new one according to your needs.
Create documents, edit them thanks to a variety of tools that simplify this task, and speed it up many times over. AirSlate is the most powerful all-in-one engine on the market that can handle any task when it comes to interacting with corporate documents.
At the same time, the service is built according to the highest standards of quality, encryption and data security requirements, so you can freely use AirSlate, even in the case of confidential documents or when working with personal data.
Manage contracts to make your business more profitable
Effective contract management frees up dozens of hours of work time, so you can get more done or pursue new opportunities. All this has a positive effect on the activities of the company as a whole. As many steps and processes are simplified, the enterprise becomes more flexible, adaptive and competitive. This increases the profits of the company and reduces the chances of error and loss.
When you have automated document flow, it will be easier for you to deal with events like:
- lack of transparency and mistakes in key agreements;
- a slow life cycle, requiring individual meetings with and close attention to each piece of text;
- Breach of terms or conditions leading to termination of agreement etc.
The biggest risks are reputational, related to the work of the company itself and its efforts to protect confidential or personal information; and financial, resulting from lost profits or discrepancies. Avoiding these risks, automation of work with electronic documents allows not only to minimize losses, but also to make the company financially successful.
Smooth and convenient contract management
Working with airslate takes place in several stages
1. Preparation and work with templates
Most official documents and agreements have a similar structure, so Airslate offers several ready-made forms that you need to fill out. You can edit documents as needed: add and remove fields, use graphics or multimedia elements, and add an electronic signature to your contracts.
2. Joint work on agreement
You can share documents with partners, send them documents for additional processing or receive electronic signatures, etc. You can set notifications and reminders about pending document operations, so you don’t forget about the most important tasks.
3. Automatic renewal of contracts provided the parties previously agree to it and allow the bot to create a new agreement at the end of the previous one.
4. Contract Lifecycle Tracking as required.
You can get all the necessary data related to changes and new transactions and also calculate KPIs in real time.
Use cutting-edge solutions and stay ahead of your competitors: put in more time, earn more, and do your best with less effort. The AirSlate service will help you do all this as you integrate this tool into your company’s work routine.