To alleviate common contracting pain points and achieve significant improvements, you need an effective contract management strategy. We’ve broken down this strategy into four universal steps. As you roll out your strategy, each step will compound success, capturing more value for your business and getting more of your company on board with the benefits of contract management.
Not every contract is a sales contract, so a contract management system should be able to support any type of contract. While contracts that your sales team is responsible for are critical, buy-side contracts can introduce value to the organization – they have their own unique set of needs and processes.
Request: a business user asks for a contract The first step in the contract process is for someone in the company to request a new contract. In many companies, the request process can be very informal and disorganized. If there are no centrally located or easily accessible templates, it results in outdated contracts used as ad-hoc templates, exposing the company to financial and compliance risk.… Read More »Contract Lifecycle Management definitions (Part 2 of 4)
You might see contract management as something that only pertains to legal or finance. But if you’re responsible for closing deals, you’re more involved with contracts than you realize. Because contracts are binding and govern over 80% of transactions and value, every business should care very much about what they contain. Contracts & Contract Management is The Lifeblood of Companies They outline the rights and… Read More »Best Guide to Salesforce & Conga for Contract Management (Part 1 of 4)
It’s time to streamline and automate the contract renewal process to keep your customers loyal and sales teams efficient. Automated solutions in the Conga Suite will save time, create error-free documents, and ensure a better experience for customers as well as your associates. The renewal of contracts with clients is vital to sales volumes (retain customer base) and is an opportunity for sales execs to… Read More »Conga for Salesforce Will Make You a Contract Superstar
We recently posted updates for those curious about Salesforce how it can help small- to medium-size businesses continue to expand and grow. The next significant step is integrating Conga Software… so what is the Conga App or How does the suite of Conga software tools integrate with Salesforce? Document Automation for Sales & Contracts Conga is a suite of tools that helps businesses streamline their… Read More »What is Conga for Salesforce?
Imagine how much more profitable and successful your company would be if you increased productivity by 70%! By automating manual contract and document management processes with Conga Composer, Conga Sign and Conga Grid within Salesforce, a major provider of foreign language services to the U.S. government, the military, as well as the private sector, saw a massive return on their investment in Conga revenue solutions.… Read More »Automate Contracts & Documents with Conga, A Success Story
Accelerate Sales When You Configure Complex Products/Services Across Industries The global economy continues to experience labor shortages and supply chain issues, and customers across all industries are demonstrating an increased need for self-service purchasing options. For organizations that specialize in providing complex products, current market conditions present the opportunity to capitalize on the utilization of CPQ software to accelerate sales cycles, maximize revenue, and improve… Read More »Conga Delivers Best Value for Configuring, Pricing & Quoting Technology
The ultimate goal of applying contract AI software solutions to Contract Lifecycle Management (CLM) is to unburden legal teams of time-consuming, low-value, and repetitive tasks. Contract AI is empowers corporate legal teams to accomplish more work, in less time, while still protecting the organization and its customers. As organizations that are behind the curve in terms of technology adoption continue to embrace digital transformation going… Read More »Contract AI Changes the Game for Legal Professionals
The modern role of legal operations is a critical strategic link in the sales cycle for revenue generation and growth. Legal ops goes beyond that of traditional legal departments to encompass a range of contributions, from financial management and strategic planning to technology implementation and data analytics. Legal ops can’t afford to get bogged down with manual tasks and inefficient processes. When you automate legal… Read More »Legal Operations’ Impact on Your Revenue Cycle