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Tracking versions, chasing approvals, and staying on top of renewals can be a time-consuming mess without the right system in place. Instead of juggling emails, PDFs, and manual approvals, these tools centralize everythingdrafting, signing, tracking, and storing contracts. But managing contracts isnt always a one-tool job.
With multiple teams reviewing the same document, tracking changes manually leads to confusion, delays, and way too many email threads. These tools highlight changes automatically, flag potential risks, and keep negotiations on track. It was easy to lose track of edits, and negotiations could drag on for weeks.
That means businesses can finalize agreements in half the time, keeping deals moving instead of getting stuck in red tape. Tracking approvals, chasing signatures, and keeping up with deadlines takes too much time and leads to mistakes. Plus, lost documents, missed renewals, and compliance slip-ups can cause serious problems.
Learn how big tech has changed the legal industry Free Guide The Small Firms Guide to Big Tech While any change in how you operate your law office can feel overwhelming, theres never been a better time to start migrating your office structures online. Utilize multi-factor authentication and limit employee access to enhance your data security.
Keeping track of contracts can feel like trying to tame chaosdetails get missed, deadlines sneak up, and the whole process eats up more time than it should. By 2025, its expected that nearly half of all contract-related tasks will be handled by technology. of their revenue each year. But theres a better way.
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