Managing contracts is central to the operation of any business, from global enterprises to local, independent operations. Despite how critical legal obligations are to understanding everything about the relationship between a company and its customers, it is astounding how manual, error-prone, and archaic many businesses handle their contracts.
Quote-To-Cash requires a contract
Regardless of size, contracting is a hassle for most organizations; in fact, according to PC Magazine, 64% of businesses report that the contracting process frustratingly draws out the timeline between an approved Quote and Cash in hand. Often, the contracting process has dozens of moving parts, both internal and external, and tracking contract progress and understanding which deals are held up by the legal paperwork is often a repetitive, error-prone process.
Expirations and renewals
Even so, once the contracts are signed, managing active contracts and renewals usually requires…
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