http://tinyurl.com/hfxpgsm Regardless of industry or size, contracts are among the most important documents managed across the enterprise. They are voluntary, deliberate, and legally binding documents that have explicit expectations for both parties. Contractual documents are created, negotiated, and managed for all mission critical business purposes including procurement, sales, intellectual property, real estate property, information technology, and more. Contract documents dictate the financial, business, and legal terms and define the relationships between suppliers and customers. With the proper visibility and compliance, contracts can simplify all business processes. Making processes more efficient and effective is critical in successful corporate governance and overall management best practices. To know more about open source contract management solution, read the full whitepaper: http://tinyurl.com/hfxpgsm

2. Contract documents dictate the
financial, business, and legal terms
and define the relationships between
suppliers and customers. With the
proper visibility and compliance,
contracts can simplify all business
processes
HOW CONTRACTS IMPACT & SIMPLIFY BUSINESS

3. Fragmented procedures - increased maverick
buying and increased supply and financial
risk Labor-intensive processes - long sourcing
and contracting cycles; less spend under
contract/management; and noncompetitive
negotiations Poor visibility into contracts and
terms - poor compliance.
WITHOUT AN AUTOMATED
SOLUTION, THE JOB CAN BE
COMPLEX

4. According to AMR Research,
automating purchasing contracts
delivers significant ROI in supplier and
internal compliance, better sourcing,
and workflow efficiency. It only makes
sense that a solid investment for any
company is one that returns the initial
investment within a few months.
CLM SOFTWARE SAVINGS & ROI ANALYSIS

5.  Do I have to install something on my
computer? No, this is a Software-as-a-
Service, so all we need is a live internet
connection and a web browser. Because
Novatus lives on the internet, it instantly
updates across all our internet-connected
devices, and gives us the same experience
whether we are on a desktop computer, a
laptop, a tablet, or a modern phone.
QUICK GUIDE TO HANDLING CRITICAL
OBJECTIONS

6.  To Capture, store, and display payment totals
in the easy-to-use Payment Stream section.
 Automated reporting compares negotiated
terms to actual payments, preventing the loss
of negotiated revenue.
13 TRACK FINANCIALS / FORECAST PAYMENTS

7. Visit the link to get the latest updateds
on contract management technology
guide:
http://contractmanagement.cioreview.com/whitepaper/
buyers-guide-to-contract-management-wid-518.html