After adopting DocuSign, the company reduced this to 30 minutes. For instance, FineMark Bank spent four to five hours preparing each document manually. Contract management software, also known as contract lifecycle management (CLM), makes the process faster while decreasing financial and audit risks.Ĭompanies in all industries see benefits. However, each step is time-consuming and prone to standard data entry errors. Read our advertiser disclosure for more info.Ĭreating, negotiating, and managing contracts, is an essential part of every business, regardless of the size. We may receive compensation if you visit partners we recommend. We recommend the best products through an independent review process, and advertisers do not influence our picks.
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