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4 best practices for selecting contract management software

Operational efficiency is key

When it comes to effective expense management, every business leader worth their salt wants to eliminate any unnecessary cost, and streamline operations to ensure operational efficiency. For many businesses, the right contract management software and lifecycle process is critical to ensure such efficiencies can be found. The most savvy companies consolidate contracts across their organisations and achieve significantly more savings than most, thanks to clearly defined contract compliance processes.  Although a central repository for storing contracts is key, too many businesses still have no consolidated system.

Our recommendation for the right software to manage the lifecycle across all of your contracts is Contract Insight software. This best-in-class contract management solution provides you with the following four key benefits:

  1. An intuitive user interface

It’s all about the journey. Today, any kind of friction loses businesses custom. When it comes to technology, ease of use and intuitive behaviour is imperative. Contract Insight software provides a user experience that feels familiar, yet flexes and adapts to meet your specific needs.

  1. Adaptable, reporting capabilities

In these post GDPR days, any contract quickly becomes out of date – when it comes to new regulations and laws, we all need to keep our noses clean. Contract Insight easily accommodates for any changes, and permits new fields without disruption to workflow. And it helps you maintain comprehensive reporting for a clear view on audit trails, edits, user actions, approvals and tasks.

  1. Seamless integration with other applications

Technology investments need to complement your existing systems across HR, sales, customer relationship management (CRM), marketing databases and operations. Integration should be dynamic, with agile software that understands how other systems operate, and flexibly accommodates your IT needs across the business.

Tailored proof of concept and pilot

One of the unique benefits Four Business Solutions offer is proof of concept and a pilot for your business before purchase. This eliminates any risk for you when you invest in Contract Insight, at the same time offering you the ability to directly experience the benefits that contract management software like ours can bring to your business.

Four Business Solutions

Four Business Solutions helps small and multi-national organisations enrich the way they work. From supply chain to procurement and contract management, we have decades of experience helping companies forge ahead in the global market. If you’d like to find out more please call John O’Brien at Four Business Solutions on 0800 6250 025.

John O’Brien is the CEO at Four Business Solutions, global business consultants and software integrators providing business processes improvements in Finance, Supply Chain & Operations, across a broad range of industries.