Moving documents into the cloud – particularly documents as receptive in nature as contracts could raise some risk signs for organizations. However, a lot of perceived flaws of cloud computing are in fact strength – especially when it is about contract management. Here in this article, we will talk about the most common myth about cloud contract management:

My Contracts Won’t Be Safe In the Cloud:

We are all usually nervous regarding putting our susceptible information or data into the world. People often falter entering their credit-card number when forced, guard their social security numbers with the strength of a mother bear, and defend their personal info on social-networking sites through privacy control. It is surely not a shocking thing to approach info sharing with care.

Uncertainty with supervising contracts in the cloud falls in line with the instances above – worrying regarding enabling info outside of your own 4 walls. And when it is your responsibility to manage and safeguard crucial info, all the more so.

The Facts:

You mayn’t think of it this way, but your data is in the cloud already. If you dispatch contract drafts through mail, for example, a larger amount of sensitive info is already shooting exterior of your 4 walls. Do you operate CRM (Customer Relationship Management) software? All key CRM systems offer a cloud offering. If your Customer Relationship Management software is installed in the cloud, susceptible info – such as your sales channel – is in the cloud already and extremely safe.

The preeminent contract management systems these days provide iron-clad security, despite whether the solution is installed on site or in the cloud. By giving the responsibility of keeping contracts secure and secret to an organization that provide tried and tested security, you’re actually giving your contracts more protection than if they were with you. Cloud contract management provides a secure depot, along with the capability to put access control over your contracts to make sure that only individual that should be accessing them, are. All of a sudden, the feeble paper trail vanishes and is substituted with a digital track that well-built and auditable.

In the cloud, not just information is secure, but the procedure of recovering and sending is extremely opportune. With contracts specially, a sales VP can easily and speedily approve, reject, and review contracts, often with just a click on a tablet or Smartphone. All of a sudden more deals are closing and sales sequence speed up.

Myth Busted:

Contract management cloud actually improves contract security whilst concurrently allowing for stepped up sales cycles.

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