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Download the recorded webinar:

Lost in Space: The Benefits of Automation in New Worlds of Contract Management and e-Signature

On Demand

 

Danger, Will Robinson! Stay out of harm’s way! Is that sentiment present at your financial institution, with unseen problems lurking with all the contracts in each department? The contract problems vary: outdated templates, multiple versions in circulation, no monitoring of renewal dates, no central repository, lack of compliance/due diligence as well as service level agreements. And in addition to that, there’s the issue of e-signature and how contracts are finalized. And if these challenges do exist in your financial institution, who wants to spearhead these process changes? This webinar will address:

  1. Contract storage. Vendor management requires collaboration--and that means there needs to be one single place where all policies, procedures, and documentation will be stored. The gold standard is online, cloud-based storage. 
  1. Contract tracking. Users should be able to create a contract and follow it through every stage of its life cycle, including notifications when contracts are due to expire. Contract provisions are tracked so that employees can ensure they follow them and that they enforce them so that customers and third-party vendors do the same.
  2. Contract search. The search function allows users to find the contract they need quickly and easily, as well as the information within each contract. The software should make it easy for users to understand what’s in the contracts.
  3. Contract reporting. Contract actions must be reported in a timely manner, and contract management software assists with the reporting.
  4. Contract legal review. Review by an expert legal team lets you know exactly what’s in your contract—from pricing to terms. You’ll not only be able to project future costs, you can also see if the contract provides important internal controls—and where you can create better contracts in the future.

By automating e-signature and contract management, you’ll have seamless workflows that protect your financial institution – here and beyond!