Contract Review and Approval new


Contract Review & Approval App

Problem Statement: When sales people do their jobs right, it could mean contracts in various stages of your company’s approval process. Amid the activity, you may not know how many contracts that need approval, if they are stuck anywhere, or in which folder you filed that email chain detailing the contract terms. If you can’t get contracts approved, you could face decreased revenue, lost productivity, and a drain on your resources.

 

Onit Solution: With Onit’s Contract Review & Approval App, you can track, monitor, and interact with people involved in the contract as it moves through your customized approval process.

 

Value Prop: When you know where your documents are, you can keep delays and mistakes at a minimum. In addition, it keeps each contract’s correspondence in one place for simple and easy information gathering.

 

Key Challenges In Contract Management

  1. Meeting milestones in terms of time, cost and quality
  2. Proactively managing work so agreed schedules are identified early enough for remedial action to be taken.
  3. Identifying, managing and solving issues that need to be addressed
  4. Communicating and demonstrating contract compliance without a lot of extra work or rework
  5. Keeping everyone in the team informed in real-time, so everyone is focused
  6. Creating a credible audit trail

Source: taskey.com