Safeguard contract management process against Compliance Failure, Missed Deadlines, Lack of Control, Poor Reporting, and Compromised Approval Workflow.
Gone are the days when contracts were manually managed and prone to mishandling risks. Today, on average, every organization has hundreds of active contracts that require timely tracking, collaboration, signature updates, and renewals.
Moreover, a recent study says “Inefficient contracting causes organizations to lose between 5% to 40% of the value on a given deal, depending on circumstance.” Thus is imperative to manage contracts systematically.
Knovos’ Contract Management revolutionizes the traditional methods of managing contracts. The solution streamlines the whole process and reduces the risks and costs involved. It enables your team to draft, organize, manage, and update contracts within a centralized console. And it brings uniformity across the sheer number of contracts.
The solution fosters informed decision-making and mitigating risks, especially when organizations adopt a hybrid work environment.
Check out how Knovos’ Contract Management works:
An Enterprise Collaboration Platform eliminating Contract Management risks
Quick Contract Analysis
Redaction & Highlights
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