Contracts are part and parcel of every business – regardless of industry, goals or purpose.
But before a contract can be signed, it often goes through a negotiation process. Part of this process entails multiple rounds of changes and ‘redlining’. During redlining, one party makes additions or annotations to the document in the form of redlined text which often appears in a different colour so the other party can track changes without needing to search for modifications.
Most businesses manage the process with old-fashioned tools like spreadsheets and Word documents. The problem with this approach is that maintaining version control is very painful. In addition, it is almost impossible to track, review and accept changes in a seamless, hassle-free manner. Considering that the average contract goes through three to four versions before it is finalised, this entire process can take over 30 hours per contract.
The result – waste of time and frustration all-round!
The solution – DocuSign Negotiate!
Built for small businesses that generate agreements requiring review, edits or approval prior to signature; DocuSign Negotiate speeds up the contract negotiation process by simplifying redlining and approval and by reducing the risk of human error.
DocuSign Negotiate offers 3 great benefits. So if you are a small business owner or manager, this solution is ideal for your contract management needs!
1. Streamlines contract negotiation
A lot of time passes between sending a contract out for signature and actually getting it signed and ready for execution. DocuSign Negotiate helps you manage the entire process so you don’t have to worry about wasted time or effort. Here’s how!
1. Assign roles for redlining/approval
With DocuSign Negotiate, you can decide who can or cannot redline and/or approve your agreements. You can also track their edits, identify delays and keep the process moving forward till completion.
2. Manage redlines easily
Quickly see and manage all redlines in a contract – changes, additions and deletions – even if someone forgot to track changes or didn’t bother to. You will never miss another edited or removed clause in your agreements.
3. Compare versions
The contract negotiation process is often impacted and delayed by human error. Negotiate lets you compare two versions of an agreement to make sure that nothing gets lost in comments, deletions or tracked changes.
2. Automate contract generation
Now you no longer have to cut/copy/paste customer information from your Salesforce CRM to a Word doc DocuSign Negotiate can use the information from Salesforce to automatically generate polished agreements. You can then configure these agreements with a few clicks based on business rules or Salesforce data. No coding is required! You can also merge customer, product and pricing data to generate agreements in different formats, including PDF and Word. Then you can send the ready agreement for signature with DocuSign eSignature.
3. Send for signature with a single click
DocuSign Negotiate seamlessly integrates with DocuSign eSignature so you can send your contract out for signing easily, quickly and without errors.
Want to eliminate frustration, wasted time and errors in your contract negotiation/agreement process?
Try DocuSign Negotiate! To purchase a license, contactPrime Infotech today!
Prime Infotech is the preferred reseller partner of a number of world-class IT/software solutions from DocuSign, Workshare, Litera, Adobe, Microsoft, Tally, Nuance, TeamViewer, and many more. For more information about these products and volume discounts, get in touch!
Phone: 022-2308-0666, +91-9833650378
Email: salesdesk@indiaprime.com
Website: https://primeinfotech.biz/