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6 Reasons to Bring Digital Contract Management to Your BusinessFeedzy

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Contract management has never been easy. It’s a complex and demanding task and it’s even more so when you’re trying to do it the old-fashioned way.

It can take a long time just to manually copy and file hard copies of contracts, and it’s not cheap to store them, either. If you’re not able to easily keep track of prices, payments, and contract adherence, you could lose money, dissatisfy your clients, and even lose business.

With a digital contract management solution, you can standardize your contract creation process and manage your contracts efficiently throughout their lifecycles. It’s easier to create custom contracts, make sure that everyone is in compliance with the agreed-upon contract terms, monitor the success of your contracts, and even ensure that your team is working with the most up-to-date version of the contract available – all with just a few clicks. Here’s why your business needs to digitize contract management today.

1) Standardize Contract Lifecycle Management

Contracts are easier to manage when you have a deep understanding of their lifecycle. A typical contract lifecycle might look like this:

Generate a quote
E-sign the contract
Make the sale and supply the goods
Store your contract
Renegotiate and renew the contract

In the old days, most of the work of following the actual contract terms would be done manually. Someone would be pulling that paper contract out of a drawer to verify the contract terms as needed. Not only is that time-consuming, but a lot can fall through the cracks. You can end up missing deadlines or losing track of discounts you fought hard for. When you use a digital contract lifecycle management tool, you can manage your contract throughout its lifecycle in a single application. That makes it so much easier to collaborate and keep track of contract provisions.

2) Customize Contracts More Easily

Contracts aren’t one-size-fits-all. They need to be tailored to meet the needs of the parties involved. Digital contract lifecycle management enables you to easily track changes to a contract draft. By giving you a level of transparency into contract draft creation that allows anyone, not just the person who wrote the draft, to see the important details at a glance. You’ll get notifications when changes are made, so you (or whoever is working with the document that day) can easily review them. All previous versions of the contract will be stored. Changes can be manually tracked so that everyone can easily stay on the same page. What a wonderful idea! Isn’t it?

3) Ensure Better Contract Compliance

It’s hard enough to make sure that compliance standard is kept; you don’t need to make it harder with manual compliance processes. It’s just too easy to overlook things when you’re trying to manage contracts with inadequate tools. A streamlined, digital contract management process ensures that contract terms are at the forefront and compliance standards are met from request to approval. This is marvelous indeed as for as accuracy is concerned.

4) Increase Contract Visibility

Storing all your contracts in a centralized, digital location simply makes it easier to achieve the contract visibility you need to make sure your team is working with the latest version of the contract. It’s easy to give access to your contracts to any member of your workforce that needs it. Contract templates and standard clauses can also be available in the contract management application. With full visibility into contract terms, it’s easy to ensure compliance.

5) Easily Track Contract Success

You need to keep track of how well each contract is moving through its lifecycle. Especially when it comes to your most-entered contracts. With features like audit trails in the central portal of a contract lifecycle management software, you can get one-click access to your contract’s entire history and make auditing for regulatory and internal compliance a breeze. Analytic features in your contract management software allow you to seek which parts of the process are taking too long and might need for reconfiguration. You might find that clients consistently want to re-write a specific part of your contracts, so that you should change your original contract draft to streamline that process. You can make changes to your contracts earlier in their lifecycle, which will help make them more successful overall.

6) Improve Commitment to Completion

You may increase the contract lifecycle completion rate by using authoring, review and approval phases of the digital contract management system applied to your business. Furthermore, through the use of this system, you will be able to capture signatures on the go using electronic signatures. So, none of your precious time will go wasted on getting the final sign-off. You just sign the agreement electronically and that’s all from your side. You are okay without the involvement of any papers whatsoever.   

Digital contract management software is a real game changer for small businesses. Maintain the level of visibility you want in a contract, so you can keep a close eye on your agreements as they move through their lifecycle. Clients will appreciate your commitment to stellar contract management, and your business will thrive as a result.

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Source: smallbusinessbonfire.com

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Will You Sell Your Dogecoin If It Reaches $0.50 (Again) in 2022? Over 75% Say…

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Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to Benzinga visitors: Will you sell your Dogecoin (CRYPTO: DOGE) if it reaches $0.50 in 2022?

Since early 2021, it’s no secret Dogecoin’s price has risen or fallen in sympathy with both the price of Bitcoin (CRYPTO: BTC) and tweets by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. Heavy support for Dogecoin, by Musk, might give the meme crypto a shot at reaching $0.50 in 2022.

Back on May 8, 2021, Dogecoin reached an all-time high of $0.7376 in anticipation of Musk’s appearance on Saturday Night Live. The meme crypto is since trading lower by 81.7%. 

Here are the full results from this week’s survey:

Yes, I will sell my Dogecoin if it reaches $0.50: 75.3%
No, I will not sell my Dogecoin if it reaches $0.50: 24.7%

This sentiment study was conducted amid another active week of trading, which saw the meme cryptocurrency fall by over 28%.

At the time of publication, Dogecoin was trading around $0.1338, down 11.2% in the past 24 hours.

See Also: Dogecoin Vs. Shiba Inu

This survey was conducted by Benzinga in January 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.

Source: benzinga.com

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Apple Poised to Outperform Expectations in December Quarter, Analyst Says: How Will Shares React?

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Notwithstanding supply constraints, an analyst at Morgan Stanley is positive about Apple Inc.’s (NASDAQ:AAPL) December quarter performance.

The Apple Analyst: Morgan Stanley analyst Katy Huberty has an Overweight rating and a $200 price target for Apple shares.

The Apple Thesis: Cupertino is likely to post upside to Street forecasts for the December quarter and guide to a relatively in-line March quarter, thanks to improving iPhone production into year-end and modest Services outperformance, Huberty said in a note. Since hitting a low on Oct. 4, Apple’s shares are up 19%, suggesting the December quarter upside is largely priced in, she added.

The analyst models December quarter revenues of $122.3 billion, a 41.9% gross margin and $1.97 per share in earnings. Apple’s management will likely shed light on its active device and iPhone installed base, the analyst said.

Among products, Apple may have shipped 83 million units of iPhones, 7.6 million units of Macs and 14.9 million units of iPads, Huberty said. The analyst estimates total product revenues of $103.1 billion, which is above the consensus estimate of $100.3 billion.

Services revenue is likely to come in at $19.2 billion, also above the consensus estimate of $18.6 billion, Huberty said. The upside is due to stronger-than-expected App Store performance and Apple’s Licensing & Other segment, she added.

Given the sustained presence of COVID-19, management is unlikely to offer a revenue guidance range for the March quarter and instead will likely provide commentary on segment growth trends, she noted.

Related Link: Apple Becomes First Company To Top $3 Trillion Market Cap; Analyst Says Rally Has Further Legs

Apple shares have underperformed thus far in January after December’s outperformance, the analyst said. Apple is expected to release the iPhone SE3 in April/May this year, the iPhone 14 in Fall 2022 and a mixed reality headset in 2023, Huberty noted.

Morgan Stanley said it would be a buyer on any weakness post-earnings, as it views Apple as a more “defensive/quality outperformer” in challenging markets. The company’s 1.65 billion+ installed base with high loyalty/retention rates, underweight institutional positioning, along with strong capital returns and the tendency for it to outperform ahead of product cycles make the firm positive on Apple stock, Morgan Stanley noted.

AAPL Price Action: Apple shares were down 2.10% to $162.41 at market close Friday.

Original Article: benzinga.com

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Bitcoin May Be Plunging Hard, but Look Who’s Buying the Dip

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The sell-off seen in the crypto space is continuing into the weekend, and Bitcoin (CRYPTO: BTC), the apex crypto, is no exception. Bitcoin-backer and El Salvador President Nayib Bukele, unsurprisingly, is seeing the weakness as a buying opportunity.

What Happened: Bukele said in a late Friday tweet that the country has purchased an additional 410 Bitcoins for $15 million, the nation now holds over 1,500 BTC. The president also suggested that some current sellers are liquidating at throwaway prices.

The tweet was in reply to his own Jan. 14 tweet, in which Bukele indicated that he might have missed the dip at the time.

The tweet elicited mixed responses. One Twitter user said Bukele wasted over $36,500 per Bitcoin and suggested that if the president wants to make bad bets on Bitcoin, he should be doing so with his own money. He challenged Bukele to disclose his personal Bitcoin holdings.

Meanwhile, another user supported the Bitcoin purchase and said the president is seeing the big picture, while others don’t understand Bitcoin is a long-term asset.

Related Link: Bitcoin Slips Below Crucial $40K Level, Taking Ethereum, Dogecoin Down With It: US Treasuries, Russia, Outflows And More That’s Weighing

Why It’s Important: After seeing a downtrend since hitting a high in early November, Bitcoin has come under further pressure in the new year. Since the start of the year, the apex currency has lost over 20%, implying it is sinking further into bear market territory.

El Salvador has the distinction of being the first country to adopt Bitcoin as legal tender, alongside the U.S. dollar, on Sep. 7, 2021.

At the time, Bukele reasoned the move would spur investment in the country and come in handy for 70% of its citizens, who don’t have access to traditional financial services. The country has also made plans to build a Bitcoin city, financing the construction by the issuance of a $1 billion Bitcoin Bond.

BTC’s trajectory in the near- to midterm will determine the success of the country’s Bitcoin strategy and whether Bukele will be vindicated. At last check, Bitcoin was seen down 7.56% in the past 24 hours to $35,486.19.

Related Link: How to Buy Bitcoin

Photo: Courtesy Blockzeit CH on Flickr

Source: benzinga.com

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