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How to look for the features in the contract management software depending on your business

Mar 23, 2022 | Posted by:  abi s

Are you frustrated with managing business contracts manually? Indeed, managing contracts with spreadsheets, shared folders, or filing cabinets is a tiring job. But you can get rid of all such troubles with the help of feature-rich contract management software. While looking for such software, you should look for the listed “must-have” features that can fulfil all your business requirements.
 
 
 
  • A Centralized Contract Repository: The software must have a centralized contract repository with a central database to store all your contracts electronically. With a well-organized contract repository, you can easily access the contracts and contract data at any time of need. 
  • Contract Data Protection: Your business contracts are precious. Hence the contract management software must offer the ultimate protection. The software must prioritize the contracts' data security and privacy while keeping all business dealings private. 
  • Automated Alerts & Alert Rules: Every business contract has an end date. Before the end date comes, you must take immediate actions such as contract renewal or contract termination based on the client’s requirements. With the automated alerts rules feature of the software, you can set customized rules and receive reminder alerts when a contract comes near its end date. You receive the alerts through business emails or text messages and act accordingly.
  • Effective search and maintenance: The software must have a custom-search option so that you can find any needed contract document right away. You have to open the contract management software repository and use the search option to find a specific file. You can use different attributes such as client name, expiry date, file type, etc., to find the needed contact document in no time.
  • Cross-Platform Seamless Integration: The software must allow seamless integration across different systems. Thus you can manage your contacts cross-platform with different applications. 
  • Control Permissions and Sharing: The software must allow you complete control over assigning permissions. You decide who can view or modify your contracts. Indeed it reduces the risk of losing important information. You can assign the permissions set by viewing, editing, and sharing permissions.
The contract management software from CRMSoftwareApp comes with all the above features. Besides that, the software is free for download across devices such as smartphones, tablets, and laptops. You can easily download the application on your mobile and start managing all your business contracts single-handedly.
 
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