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

_{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

_{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

_{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

_{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.

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_{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Personal copies are out-of-date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.

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_{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.

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_{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.