CLOUD-BASED CONTRACT MANAGEMENT SOFTWARE SOLUTIONS
Cloud computing has come a long way – from a mere buzzword that has been floating around to a core pillar that has been an integral part of business processes today. Cloud computing has empowered companies to maintain their computing power and optimise their core competencies. Beyond the internal operations, companies can now extend this to their vendors, specifically in contract and vendor management.
Cloud-based contract management software utilises intuitive and dedicated SaaS solutions to better manage the lifecycle of contracts by speeding up each phase and supporting all your different business units across the organisation, from commercial procurement to recruiting processes. You can look forward to navigating new concerns, such as CCPA, GDPR, and DPA, while simultaneously drafting, negotiating, and executing new SOWs, SLAs, MSAs, as well as employment and service contracts with great efficiency. By integrating a reliable and centralised contracting system, companies can further reduce risk and alleviate the burden on their staff.
KEY FEATURES OF CLOUD-BASED CONTRACT MANAGEMENT SYSTEM
A cloud-based contract management system offers the following features:
- Intelligent text recognition as structured data; template library labels are automatically recognised and replaced
- Risk Alert for Online Editing; marking changes; High Risk Alert based on Historical Risk Terms
- Online signing of buyer-supplier contract confirmation; online electronic seal
TALK TO OUR EXPERTS
Whether you are looking to quickly deploy an in-house contract lifecycle management model, integrate centralised data in a secure repository, or simply wish to improve scalability, utilising a contract management system is a must.
Take your contract lifecycle management system to the next level! At HAND Global Solutions, we are dedicated to providing you with holistic and integrated digital transformations with SaaS and platform solutions. Aside from contract management, our extensive catalogue of solutions also includes business process automation, smart factory as well as intelligent service and support solutions. Reach out to us to learn more.
