The last few years have brought great changes in the way contract management is done. It’s no longer just a technical step toward fulfilling contracts, but a strategic process that ensures that all your business processes are aligned with your goals and objectives. With this change has come an increasing emphasis on efficiency, transparency, and automation to avoid manual or repetitive processes. This blog post will look at some of these trends, so you can prepare yourself for future challenges as well as take advantage of enterprise contract lifecycle management opportunities for innovation and efficiency.
The CLM softwares available today are easy to install, configure and use. Especially SaaS contract management solutions based on Microsoft 365 and SharePoint. It integrates seamlessly with your existing systems and can be used by both internal and external users. When you are ready to implement CLM processes, the process is straightforward: You simply select the functionality that suits your business needs, such as document management or reporting tools. The software will then guide you through creating reports based on those requirements while also providing guidance on how best to organize files within your Microsoft-powered solutions such as SharePoint, Outlook, Dynamics 365, Teams, and more.
Microsoft 365 provides seamless integration with its other applications so that users can access their data anywhere, they have internet access. With Dock 365’s CMS powered by Microsoft 365, you can access your contracts from anywhere.
For organizations that want to adopt a CLM process, there are several reasons why Microsoft's contract management software is the right choice.
First, it's risk-free. The software comes with a no-risk guarantee and has been utilized by some of the world’s top companies and organizations. This means you can use it without worrying about your data being compromised or your company being hacked—and even if something does happen, Microsoft will work with you to recover from the incident swiftly so that no one loses any money or reputation due to negligence on their part!
Second: It's easy to implement! Most businesses start out small with just a few employees using their existing ERP system (which often includes an integration tool), but over time they grow into larger companies where multiple departments need access themselves too! With a CLM software based on Microsoft 365 and SharePoint, you don't have to worry about setting up the system, as it will be made part of your SharePoint environment by our experts. You can keep doing your daily activities in the Microsoft 365 environment along with accessing your CMS without leaving the platform.
CLM software is affordable. The cost of implementing a CLM system is often less than the cost of hiring an additional employee to cover their absence. If your organization is already having Microsoft 365 license, then you can double the value of that subscription by using such as solution for contract management too.
CLM software is easy to use. Unlike manual processes, which require a lot of time and effort from your staff, automated systems are simple enough for anyone in your team who has basic computer skills. It is also easy to maintain and scale up as your business grows or shifts focus toward new areas of business operation.
Your organization will benefit from having access to accurate data about how people are using different tools throughout the day and what kind of results they're getting out of those tools—so you can make informed decisions about where resources should be spent based on results rather than guesswork alone!
One of the most common ways that CLM software is used is to enhance the value of existing ERP systems. For example, you can use it to:
If you want to know how your contracts and processes support your business, look no further than the way they are written. Contracts and legal documents are a big part of what makes up CLM software. It's important that they work together with other systems to provide a complete picture of what's happening in your company, but it's also important that they don't hinder progress—they should help make things easier, not harder!
Your contracts should come with risk management tools so you can see where there may be problems before they happen (and correct them). This means having access to comprehensive analytics about all aspects of every contract including its structure, terms, conditions, warranties, representations, etc. These aspects are made by parties involved (including third parties), obligations owed by each party, as well as remedies available under each clause if something goes wrong during execution or after completion. All these processes can be tracked with the help of a solid enterprise contract lifecycle management software.
Dock 365 is offering a Contract Management Software based on Microsoft 365 and SharePoint. It comes with a comprehensive set of contract management tools and capabilities modern businesses require to enhance their CLM processes.
Schedule a live demo of Dock 365's Contract Management Software instantly.