M-Files: Controlling the Lifecycle of Documents and Contracts Part 1 - The DOs and DON'Ts
Agreements and contracts, whether internal or external, are the lifeblood of your business and define your most critical relationships.
So what's the result of poor lifecycle management for these key documents?
Well, it means that:
- 60% of businesses are wasting time manually dealing with contracts and legal documents by eyeballing paper or electronic copies
- 20% of businesses are not actively managing their contracting process, and just take action when problems arise
- 13% of businesses have suffered operational losses because they didn't manage contracts or legal documents properly
Proper management of agreements, contracts and documents is fundamental to your business's success.
Get it wrong, and you could suffer losses, lose a supplier, lose a valued customer, or even get slammed with a compliance-related fine.
Get it right, and you'll become more efficient, free your teams to work seamlessly, and provide a smoother experience for your suppliers and customers.
Join us for the first part of this two-part webinar series, where we'll look at the DOs and DON'Ts of managing the lifecycle of your contracts and agreements.
Using a simple NDA as an example, you'll get a step by step view of its entire lifecycle. We'll highlight a few things you definitely should do, and also point out a few things to avoid at all costs.