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Contract Management Software Different from E-Signature Technology?

 

What is “contract management software” and how does it differ from “e-signature” technology?

E-signature technology enables users to place a digital signature onto a contract. The capability is certainly a component of improved efficiency — but it is just a start.

A complete contract management software system eliminates waste by automating the entire workflow.

The significant technical break-through is that contract management software enables users to control not just contract images, but also the data elements within the contracts.  The ability to manage at the data level opens up new automation possibilities.

For example, you can import and populate contracts from a variety of sources (Customer Relationship Management, Sales Force Automation, Excel spreadsheets, ERP systems, etc.), move the data into other contracts relevant to the particular process, verify data-entry at the time contracts are filled-in, map contract data fields into internal systems, and much more.

According to Forrester Research, Inc. January, 2010 Market Overview: E-Signatures in 2010:

“...Automating Workflows Delivers The Value. The signing process is the keystone of the execution of a legally or administratively binding agreement. However, as central as it is, the signature itself is only one part of the overall document or business process life cycle; the true value to an organization lies in replacing all paper-based processes with electronic ones and securely automating as many previously manual steps and procedures as possible. ”

Is contract management software right for you?

The benefit of contract management software is to drive down costs by automating the repeatable aspects of creating, distributing, signing and storing paperwork.

Contract management software is best suited for organizations with high volumes of similar transactions with a complex signatory routing process. There are innumerable situations where automation can quickly eliminate wasted resources.

Visit our resource library or view client testimonials from real-life success stories of companies using contract managment software to solve their unique business challenges.


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“We did a lot of research into digital signature solutions to minimize our lost charge-backs. Although some of those solutions appeared cheaper, we preferred the ease-of-use of Agreement Express and the cost was perfectly priced.  Working as the administrator, the Agreement Express dashboard was much more inviting than the other companies we looked at; I can easily reset passwords, change user preferences, search documents by criteria, and flag documents that have not been read.”

- Chantel Meeker, Director of Guest Services for Telluride Alpine Lodging


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