“Contract management systems are slowly becoming ubiquitous in organizations and are helping them to invigorate sales, increase cost-efficiency, and in adhering to the ever-changing regulatory compliance rules. Albeit contracts are foundational to commerce, the contracting process is often unorganized, which makes it tedious to execute and increases downtime when multiple owners and departments are involved in a deal. Often, lengthy contract cycle times slow down revenue recognition, and in many cases, companies lose revenues due to poor contract management.”

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