The Average Cost of a basic Contract Management Software plan is $39 per month.
35% of Contract Management Software offer a Free Trial , while 20% offer a Freemium Model .
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A contract can be described as a written or spoken agreement enforceable by law, about sales, employment or tenancy. It is an extremely important document in any business as well. The contract management process, hence, signifies the activities involved in monitoring the contracts made with customers, vendors, partners, etc. Now, a contract management software helps in automating and enhancing the activities associated with managing the agreements made with customers, vendors, partners, etc. Enterprise contract management software helps in minimizing sales cycle, quicker revenue realization and keep at bay the hassles of paper-based administration of contracts.
It’s easy to get confused while browsing through the options on contract management software. Though the selection has to be done by you only, still to narrow down the available options judiciously can be better ensured by taking into considerations certain things. The factors that need our attention are as follow-
Typical Features
Helps managing specialty or formal contracts that mainly are written agreements, as a deed.
Helps in managing the contracts related to the firms that sell investment services to asset management firms/organizations
Helps in automating and managing all the critical phases of a contract, starting from its initiation until its compliance and renewal.
Helps taking care of Government contracts that allows you to sell your goods/services to the Government and its different agencies
Allows and helps in searching for a single or a collection of computer-stored documents in a full-text database.
A facility to capture digital signature in a secure format
Provides ready-made beautiful templates for writing different types of contracts
Helps in drafting a reliable and secure contract for understanding properly the terms of the agreement
Helps in setting certain completion criteria for any activity within a contract management process
Helps managing contracts of firms that buy investment services like securities
Helps in conducting auto scanning of data and extract the required piece of information from a contract document
Allows to route the documents to one or multiple people for seeking their approval
They act as signposts through the course of your project, as they help to ensure that you're staying on track.
Organizing customer data in a centralized location and handling contact details, demographics, transactions, etc.
Ability to store and manage various information and documents in electronic format.
It gives the team the ability to recall specific versions of a document, code, content, file, or folder that records changes over time.
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