Are your contracts scattered across emails, folders and different applications causing you lots of hassle trying to manage them effectively and avoiding risks? See what the M-Files Contract Management solution can do to help!
Contracts are the heart of business operations, stipulating your relationships with customers, vendors and partners. But if you have not yet adopted software to automate contract management, you may be losing a considerable amount of time to inefficiency while leaving your business exposed to risk and loss of opportunities.
M-Files can help. Their intelligent information management technology serves as a powerful contract management software solution that can accelerate contract management workflows, keep sensitive information in contracts secure and help enforce the terms of contracts to better benefit your business.
Centralize Your Contract Storage
See how M-Files enables you to manage and control contracts digitally through their lifecycle, from creation to archival. Find out more…
The Challenges of Contract Management
A superior contract management software solution can address several of the biggest challenges related to handling contracts.
Locating Documents – Employees in various departments often save versions of contracts on their own devices or within their email stores. A contract management solution can help to ensure that only authorized users have accessed to contracts and that only the most current versions are saved.
Unauthorized Access – Contracts frequently contain sensitive data or personally identifiable information that could be damaging if exposed. Contract management technology can control access to documents through user access permissions that ensure only the right people can open a file.
Monitoring Contracts –Too many organizations rely on rudimentary methods like calendar reminders and checklists to monitor important contract deadlines. An effective contract management tool will provide a more comprehensive approach to tracking deadlines and compliance with contract provisions.
Unintentional Expiration – When contracts expire inadvertently, the cost and risk to the organization can be significant. Contract management technology can help to avoid this risk by initiating contract renewal procedures well in advance of expiration.
Inefficient Workflows – Many contract workflows are manual processes that are prone to error and chaos when the volume of contracts becomes overwhelming. Contract management software can automate the creation, review, approval, and signing of contracts to improve productivity and ensure price compliance.
M-Files offers a smarter way to work. By making it easier to find, access and share the right documents with the right people, M-Files eliminates frustration, wasted time and business risk of inaccessible information. By automating document-based workflows, M-Files helps streamline and simplify routine tasks so employees can focus on high-impact, highly-skilled work that yields greater outcomes and higher job satisfaction.
Collaboration is easier with M-Files. Rather than emailing attachments back and forth, colleagues can share a link to a single, authoritative version of a document that everyone can work with and comment on. Secure client portals make it easy to share information and processes with people outside the organization. With M-Files’ integrations and APIs, employees can use the platform with business and productivity tools they prefer rather than learning a new system.
Deployed in the cloud, on premises or as a hybrid solution, M-Files is used by thousands of organizations in more than 100 countries worldwide.