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  • You are here:
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are you losing 5% of your total revenue?

According to Goldman Sachs, that's how much the average company spends on managing signed contracts and agreements. See why by viewing the video or scroll down to learn more.

Got questions?   See the solution

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    <!--@ParagraphImageText-->

    CHALLENGE #1:

    Contracts and agreements are everywhere

    Contracts and agreements are not only taken care of in Legal. They are also in:

    • Sales — when you sell products, projects, and services.
    • Property Management — when you rent a new office space. Or hire in cleaning services.
    • Administration — when you take out insurances. Or change the cell phone plans.
    • Management — when you lease a new company car. Or sign up a new partner.
    • Human Resources — when you hire new people. Or let someone go. and
    • IT — when you lease new servers. Or sign up for software maintenance.

    Contracts and agreements are everywhere. And being handled by many different people.

    See the solution


    <!--@ParagraphImageText-->

    CHALLENGE #2:

    Company rules are not followed

    With agreements being handled by many people in many departments, chances are that internal rules — including delegation of authority — are ignored. The same applies to external legislation. 

    See the solution


    <!--@ParagraphImageText-->

    CHALLENGE #3:

    Important deadlines are missed

    When you monitor deadlines and milestones manually, you are bound to miss some.

    Agreements are not cancelled or renegotiated in due time and suddenly you are in for another year of maintenance or stuck with the wrong price.

    See the solution


    <!--@ParagraphImageText-->

    CHALLENGE #4:

    It's hard to get hold of the right documents

    You waste time looking for lost or misplaced documents or just the most recent version of a contract.

    If you have colleagues working in different offices or time zones the challenges just get bigger.

    See the solution


    <!--@ParagraphImageText-->

    CHALLENGE #5:

    Personal copies are out-of-date

    When contracts are handled manually, people tend to make personal copies. That costs lots of time and money.

    Add to that costs of mistakes caused by local copies not being up-to-date.

    See the solution


    <!--@ParagraphImageText-->

    CHALLENGE #6:

    Sensitive information is not kept safe

    Sensitive business information in contracts and agreements is scattered throughout your company:

    • On desks
    • In binders
    • Filing cabinets
    • Email inboxes
    • Laptops
    • Shared drives

    It is not well protected against loss or from prying eyes.

    See the solution


    <!--@ParagraphImageText-->

    CHALLENGE #7:

    The full overview is missing

    This is perhaps the most disturbing challenge; no one has the full overview of your contracts documenting your

    • commitments
    • liabilities, and
    • entitlements

    See the solution


    Got questions?

     

    CONTINUE EXPLORING

    Take control of your contracts

    Streamline how you manage your company's contracts and agreements with our ready-to-go software solution — Next® Contracts.

    Find out more


     

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    THE  

    Thomas Hougaard-Enevoldsen

    the@nextway.software
    +45 61 63 96 71
    THE  

    Thomas Hougaard-Enevoldsen

    the@nextway.software
    +45 61 63 96 71
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    Jørn M. Christensen

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    THE  

    Thomas Hougaard-Enevoldsen

    the@nextway.software
    +45 61 63 96 71
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    Claus Cordes

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    +49 177 6506222
    MRI  

    Marcel Ritter

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    +41 78 671 79 02
    THE  

    Thomas Hougaard-Enevoldsen

    the@nextway.software
    +45 61 63 96 71

     

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