Contract Management Process: Reniew Software
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Johnathan Cunnings
Aug 14, 2013, 3:00:02 PM8/14/13
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Article Title: Contract Management Process: Reniew Software
Author: Johnathan Cunnings
Word Count: 619
Article URL: http://www.isnare.com/?aid=1855177&ca=Computers+and+Technology
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1855177
Easy Publish Tool: http://www.isnare.com/html.php?aid=1855177
*********************** ARTICLE START ***********************
It is still important that any business executive understand the basics of the process of contract management. Keep in mind that this is a tedious and meticulous process that necessitates time, effort and a whole lot of concentration. This is in spite of the fact that the process has been automated.
Essentially, there are 9 stages in the process of managing contracts. This is just for the typical setting anyway.
First of all, there is the request. This is the starting point. A request is done in order for contracts to be made. Applications will be done and all the pertinent documents will be searched in order to put up a decent contract that will make all parties satisfied.
The next part is called authoring. With the automation of the contract management process, the creation of contracts becomes a lot easier. The users of the system will just have to use word processing tools. The same is true for a language that has already been standardized. The latter can just be included depending on the agreement you come up with.
After this comes the negotiation stage. Various versions of the contracts appearing in different formats will be compared side by side. This way, any discrepancies can be quickly and duly noted. This will then reduce the time of negotiation by half.
Then the approval stage is up. This is actually where the bottlenecks occur. But with a contract management process, the process becomes much quicker because there are already approved and automated workflows. This can include but is not limited to the parallel as well as serial approvals among others.
Afterwards, there is the execution. Here, the users can freely control as well as truncate the signature process as they wish. This is through the use of certain tools like eSignature and fax support.
Obligation management is next. This is where your company gets the assurance that the deliverables are met. This is also the stage when the value is not at all leaking from the contracts. This involves expirations, renewals, major events, analytics and reporting among others.
Amendment is also part of the deal. With the automated process, you will have to use just a single tool to view all the business relationships across various amendments of contracts.
After this is the audit and reporting stage. And when you have your system automated, you can get your hand on various tools like alerts for contract compliance, audit tracking even at the field level, generation of reports on demand, and access to reports and records with just a single click among others. Integration of reporting tools with third parties will also be much easier and quicker.
Last but certainly not the least, there is renewal. Since your contract management process will already be automated, identifying those who are up for contract renewal will be done faster. Plus, contract drafts will be automatically created using the previous contract as the basis. With that, no one will be overlooked and no potential income or revenue will be lost.
Reniew software
After knowing all these, the next step would be to determine where to find them. The good news is, the answer is with the Reniew software. It has everything businesses would need in order to reap the benefits of a fully automated contract management system. Not only will you be able to enjoy the perks of the process mentioned above; there are also a lot of other sophisticated features that will give you the assurance that investing in it will give you the best value for your money.
About The Author: If you are looking for information regarding contract management process click on the link. Or you can visit Reniew website at http://reniew.com/ for a contract renewal software.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1855177
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Johnathan Cunnings
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1855177
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1855177
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Contract Management Process: Reniew Software
Author: Johnathan Cunnings
Word Count: 619
Article URL: http://www.isnare.com/?aid=1855177&ca=Computers+and+Technology
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1855177
Easy Publish Tool: http://www.isnare.com/html.php?aid=1855177
*********************** ARTICLE START ***********************
It is still important that any business executive understand the basics of the process of contract management. Keep in mind that this is a tedious and meticulous process that necessitates time, effort and a whole lot of concentration. This is in spite of the fact that the process has been automated.
Essentially, there are 9 stages in the process of managing contracts. This is just for the typical setting anyway.
First of all, there is the request. This is the starting point. A request is done in order for contracts to be made. Applications will be done and all the pertinent documents will be searched in order to put up a decent contract that will make all parties satisfied.
The next part is called authoring. With the automation of the contract management process, the creation of contracts becomes a lot easier. The users of the system will just have to use word processing tools. The same is true for a language that has already been standardized. The latter can just be included depending on the agreement you come up with.
After this comes the negotiation stage. Various versions of the contracts appearing in different formats will be compared side by side. This way, any discrepancies can be quickly and duly noted. This will then reduce the time of negotiation by half.
Then the approval stage is up. This is actually where the bottlenecks occur. But with a contract management process, the process becomes much quicker because there are already approved and automated workflows. This can include but is not limited to the parallel as well as serial approvals among others.
Afterwards, there is the execution. Here, the users can freely control as well as truncate the signature process as they wish. This is through the use of certain tools like eSignature and fax support.
Obligation management is next. This is where your company gets the assurance that the deliverables are met. This is also the stage when the value is not at all leaking from the contracts. This involves expirations, renewals, major events, analytics and reporting among others.
Amendment is also part of the deal. With the automated process, you will have to use just a single tool to view all the business relationships across various amendments of contracts.
After this is the audit and reporting stage. And when you have your system automated, you can get your hand on various tools like alerts for contract compliance, audit tracking even at the field level, generation of reports on demand, and access to reports and records with just a single click among others. Integration of reporting tools with third parties will also be much easier and quicker.
Last but certainly not the least, there is renewal. Since your contract management process will already be automated, identifying those who are up for contract renewal will be done faster. Plus, contract drafts will be automatically created using the previous contract as the basis. With that, no one will be overlooked and no potential income or revenue will be lost.
Reniew software
After knowing all these, the next step would be to determine where to find them. The good news is, the answer is with the Reniew software. It has everything businesses would need in order to reap the benefits of a fully automated contract management system. Not only will you be able to enjoy the perks of the process mentioned above; there are also a lot of other sophisticated features that will give you the assurance that investing in it will give you the best value for your money.
About The Author: If you are looking for information regarding contract management process click on the link. Or you can visit Reniew website at http://reniew.com/ for a contract renewal software.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1855177
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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