Specifications include, but are not limited to: A. OBJECTIVES 1. Increased Efficiency – Reduce time spent on manual paperwork, approvals, and contract tracking. 2. Cost Savings – Minimize expenses related to printing, mailing, storage, and document retrieval. 3. Faster Contract Turnaround – Speed up contract creation, negotiation, signing, and execution. 4. Improved Compliance and Security – Ensure better adherence to regulatory requirements and secure sensitive data with encryption and access controls. 5. Enhanced Accessibility – Allow stakeholders to access, review, and sign contracts from anywhere, anytime. 6. Better Version Control – Avoid errors from multiple versions and ensure everyone is working on the latest document. 7. Automated Workflows – Streamline approvals, notifications, and reminders to reduce bottlenecks. 8. Reduced Risk of Errors – Minimize manual data entry mistakes and ensure contract accuracy. 9. Enhanced Visibility and Tracking – Enable real-time status tracking and audit trails for improved accountability. 10. Sustainability and Environmental Benefits – Reduce paper usage, contributing to eco-friendly business practices.
