With the spread of global pandemic, it has become increasingly difficult to work from office and even engage in meetings regularly with third parties. Everyone is trapped in their homes and are bound to manage their contracts online. Traditional systems for contract management needs physical presence of contract teams handling paper contracts. But due to the viral outbreak, it is not a feasible option anymore.
That’s Why, It is high time to adopt online contract management so that you don’t miss a beat and important deadlines or miss revenue opportunities with paperless contract management, Here are 6 ways on how you can simplify contract management for remote professionals with eContracts.
Access Contracts Anytime Anywhere
You can easily access and manage all your contracts from your remote locations with just an internet connection
Our online contract repository provides a one-stop solution to organize and store all contract related information – documents, data and work across teams, departments and projects, making it efficient to retrieve the information on-demand to keep contracts moving forward.
Our 360 degree view of your contractual relationship in a single page record view includes the primary agreement, sub-agreements, supporting documents, key terms, clauses and obligations. Contract types can also been defined with 150+ inbuilt metadata options which serves as the key for contract compliance management, search and reporting.
Benefits of Native Integrations
Our smart integrations makes it easier to access and navigate across your Contracts with simple Microsoft tools. eContracts wide array of integrations make it a whole lot simpler to manage your contracts online.
Microsoft Word syncs up with a standard legal clause library in the eContracts application and makes adding and modifying clauses in a contract document effortless. On the other hand, Outlook app provides easy access to the contract repository from the Outlook email interface to search and retrieve contract information snippets for quick sharing, milestones, and tasks.
Not only that, you can delegate tasks, manage your contract progress & forward your contracts for eApprovals on a single contract platform
Automate Alerts and Notifications
With eContracts, you can easily keep track of contract renewals, project completion dates & expiration timelines. Our workflow based alerts for users keep you updated about the contract deadlines and their commitments and deliverables associated with it.
You can easily automate task reminders and to-dos for yourself as well assign users in case of re-negotiations. You can also set up a to-do lists for your teams, so that everyone stay notified about their contract work, even remotely.
Moreover, you can also set up email reminders for business users to fulfill and reconcile with obligations set forth in the contract.
Electronic Workflows for Contract Automation
You can easily save your productive hours in contract drafting through our automated contract creation process.
The electronic workflow helps you streamline the contract work in stepwise fashion. You can easily administer and course your workflows based on roles which can be customized and managed on bases of privileges and administrative capabilities
You can also route your contracts for review and approval workflows based on rules/criteria involving contract value, business area, standard or non-standard agreements, etc.
Incorporate Digital Reviews for your Contracts
Now, you can complete end-to-end contract review online. eContracts has inbuilt capability to share contract documents online for reviews and obtain feedback from internal and external users with workflow tasks, alerts and email-based sharing.
Our Negotiation portals aids to discuss and summarize terms and clauses, highlight exceptions to enable a quick review process. You can also use document versioning and redlining and use negotiation portals for an effective online collaboration.
Once, the review process is complete and your contract is finalized, you can send the same for online signature. eContracts has integration with popular digital signature platforms like DocuSign and EchoSign.
Centralized Reporting for all your Contracts
eContracts support custom reports for all your Contracts. You can be assured that all critical insights & information are shared with secure access based on pre-set roles & permissions.
The flexibility and configurability to customize reports with smart filters that include active & expiring contracts, metadata, contract value, key dates, invoices, milestones, and obligations.
You can also set up daily, weekly, monthly, quarterly or yearly recurring contract reports via emails. Our reporting comes with full export capabilities to Word, Excel, PDF, CSV, etc