Generating, negotiating, and handling contracts is essential for any company, whether big or small. Each step consumes plenty of time and is prone to oversights and entry errors. With the aid of contract management software, the process is faster while reducing audit and economic risks. Save time, improve efficiency while eliminating error using a contract management software with a free trial at https://www.contractsafe.com/
Contract management software’s primary purpose is to guarantee efficiency in contract negotiations and management through digitized processes. Some contract management software improves efficiency by capturing and forming contracts between negotiating parties, while others manage every aspect of the contract, including communication, terms, agreement, and contract fulfillment.
Some contract management software gives suppliers some control with an understanding of the contract terms, allowing them to predict various contract-related scenarios and manage risks better when they occur.
To find effective contract management solutions, let’s evaluate some providers with free trials based on key features, including customization and automation.
Contract Management Software with a Free Trial
ContractSafe
ContractSafe is a contract management software that is effective and simple to use, with functionality that enables you to work in one safe place. The platform has many useful functionalities that include:
- Calendar settings or key reminders for important events,
- Allows sharing with flexible permissions and roles,
- Integration with DocuSign, Okta, SalesForce, and Active Directory
- No specialized training needed to begin
- Offers helpful guidance on setting up contracts
- Awesome customer care support to help out with any concerns
PandaDoc
PandaDoc is a contract management software with a 14-day trial that offers a simple, all-in-one solution to manage document formation, editing, and signing. Benefits of this software include
- Their paid plan comes with a 24/hr customer support benefit
- With business or enterprise plans, customers can access the content and contract library
- Helpful in managing the contract to its maturation
- Offers E-signatures and real-time notifications
- Provides customized easily to use templates
DocuSign
DocuSign is great for small-sized businesses that need access to affordable contract management services. The software is simple to use and comes with a 30-day free trial. Some benefits of DucoSign include:
- It is simple and easy to operate
- Contains both a browser-based software and mobile app for Android and iOS
- Offers real-time notifications and reusable templates.
- The company offers customized plans for specific sectors such as government agencies, healthcare institutions, etc.
Advantages of contract management tools to Small Business
Many organizations are aware of the reality that it’s no longer viable to track contracts on spreadsheets and shared drives. Many contract management software helps small-scale businesses in several ways:
Centralized records
With an effective contract management tool, companies can store documents and contracts in one central location to be accessed by every relevant stakeholder. An online contract management software is an excellent solution for small-scale businesses that lack storage closets or file cabinets.
Startups and small businesses can leverage contract management tools to store documentation due to a lack of finances to rent office spaces. Operating a paperless office saves business owners’ money since they eliminate the need for storage spaces.
Collaboration
Efficient contract management software helps enhance collaboration and communication between team members. Streamlining communication with stakeholders and team members helps eliminate misunderstandings and oversight as the contracts and vital documentation is available to every team related to the contract’s lifespan. With clear communication, teams can focus on core business, increasing attention on productivity and delivery. When information is clear and readily available, an organization can consistently make better decisions within a short time.
Calendar management
With contract management software, teams can keep track of important dates that help them meet set deadlines while keeping track of upcoming events and crucial meetings. Automated contract systems allow scheduled notifications to remind relevant stakeholders of important dates regarding a contract’s lifespan.
Save time
Save time spent perusing through pages of contract agreements while trying to locate critical points by integrating contract management software. Storing soft copies of documents online is helpful since you can use technology to retrieve stored data quickly. Contract management software encourages automated processes that guarantee a better user experience for every shareholder. Teams experience a reduction in workload, freeing their time to focus on core business activities.
Conclusion
As you review contract management software, the key features you must closely look at include integration abilities, ease of use, and top features. Additionally, as you make your final choice, consider the automation and customization functionalities, together with software capabilities and audit support. Some of the best options offer additional functions that support mobile, automation workflows, and modern search features.
Furthermore, a contract management system can help you analyze aspects of your business that need strengthening and improvement. The system automatically updates data on the system, ensuring you don’t miss upcoming events or opportunities such as customer specifications, contract renewal, expiry, and so much more.