8 Signs You Need Contract Automation
Conga offers some tips on making the decision whether to look into contract automation.
First on the list is: “You keep your contracts on paper — in a filing cabinet.” Conga points out that B2B companies manage an average of 20,000-40,000 contracts at one time while 85 percent of those companies are using manual processes to manage them.
Some of the other tips, each with discussion, include: missing contract renewals, the sales team uses semi-manual processes to send out contracts or quotes, and the legal team has hundreds of clauses and no way to effectively manage or maintain them.