The standard platform for carrying out business transactions is paper. But paper is costly; it needs to be manually pushed through the contract process.
- Time and labor to manually prepare the contracts
- Cost to ship paper to, from and between signatories
- Teams of labor to error-check and correct contracts that were returned “not in good order” (NIGO)
- Labor to manually key or scan information and supporting documents from completed contracts into your internal systems of record
If the process in question is customer-facing, there can also be significant revenue impact:
- High abandonment rates if the information filling process is overly complicated or time-consuming
- If contracts are prepared by sales staff, there is lost revenue opportunities, as sales people spend time preparing and chasing paperwork rather than driving revenue
Agreement Express Will Improve Your Operating Margin by $20 - $50 per Contract
Agreement Express is a hosted contract management software platform that enables organizations to replace all manual processes so that you can automate, and accelerate contracts through each of these bottlenecks in your contract process. Instantly improve productivity - and operating margins in a fast, easy, reliable manner.