by admin | Jan 7, 2019 | Blog
Choosing a contract management tool for your enterprise can be a daunting task and it requires careful consideration. Enterprises should spend time doing a thorough evaluation of the contract management vendors available on the market. There are numerous contract management vendors that are platform independent and there are vendors that are dependent on platforms like Microsoft SharePoint, Office 365, Microsoft dynamics, Salesforce and many others. There are enormous advantages of choosing a contract management solution that blends with your existing IT platform infrastructure to deploy the contract management solution. By utilizing your existing platform, enterprises are able to achieve greater cost efficiency than spending on another third party platform. Microsoft SharePoint and Office 365 are the core products that are used for collaboration by most of the fortune 500 organizations. Collaboration is the success key for driving the contract lifecycle management process in a holistic manner and nothing beats SharePoint and Office 365 when it comes to collaboration. The global acceptance of SharePoint and Office 365 by enterprises makes it easy for legal and contract teams to work with tools that they are already comfortable with when it comes to managing sensitive data such as contracts. Association for Information and Image Management (AIIM) states that one in two corporations use SharePoint for their enterprise content management (ECM) purposes. The best part of using SharePoint and Office 365 for managing enterprise contracts is the integration with Microsoft tools such as Office, Outlook, Active Directory and Azure which allows for effective data storage, power document search functionality, collaborative workflow and data security. Here are 8 good reasons for choosing SharePoint and...
