Questys Solutions Blog Top 5 Benefits of an Automated Contract Management Solution

Ineffective contract management costs the average company 9.2% of annual revenue - Source: IACCMContracts have an enormous impact on an organization's profitability because they affect revenue and expenses. There are a wide range of tasks associated with each stage of the contract lifecycle. Automating the contract management process is critical to organizations focused on increasing efficiency and reducing risk.Benefits of using an automated contract management process:Central Repository and Control of Enterprise Wide AssetsAutomated Workflows for Contract Review and Task ManagementDigital SignaturesReduce Risk with Automated AlertsRecords Management