100 percent accurate, every single time.
In business, it is imperative that the content of written contracts and legal agreements is 100 per cent accurate, every single time. Gartner estimates that between 60-80% of all business transactions are governed by contracts, highlighting why contract management is a vital component to success in business.
Depending on the organization, the complexity of contracts may vary; however, it is essential that all generated documents remain legally compliant and consistent, yet individually tailored to the unique requirements of that particular contract. This is often a time-consuming and difficult process that is highly susceptible to human error, in part due to the number of steps involved in the process.
Equally important as the initial contract generation, is the ongoing maintenance lifecycle of these contracts. The costs associated to lost, multi-filed or misplaced contracts are often overlooked and incurs direct and indirect costs to the business in years to come.
Intelledox simplifies the compliance lifecycle required to generate, manage and store an effective contract, reducing the time and cost of production and improving ongoing contract management and client communications.