Partner Article

M-Files makes automated contract management accessible

Cloud-based solution for automated contract management simplifies the creation, review, signing and maintenance of contracts and agreements

M-Files Corporation, a provider of solutions that dramatically improve how organisations manage documents and other information, today announced the immediate availability of M-Files Contract Management, a new solution for organisations that rely on contracts and agreements as an important part of their business.

Contracts are a necessary and important component of business relationships, and play a key role in the day-to-day operations of almost all aspects of a business, from sales and marketing through service and support. M-Files Contract Management is a purpose-built cloud solution that drives consistency, efficiency and transparency by automating and simplifying the way organisations create, review, approve, sign and renew contracts and agreements.

M-Files Contract Management enables organisations to efficiently automate key processes while also increasing visibility to ensure contracts do not inadvertently expire, or that important opportunities, such as a discount or a renegotiation period, are not missed. Contracts can be digitally signed with DocuSign even while out of the office using the M-Files mobile app. Key stakeholders can also receive automated notifications related to key contract events, such as expiration and renewal dates, and secure access controls can be easily configured and enforced by roles, teams and projects to ensure that important contracts and agreements can only be accessed or modified by authorised team members.

“Many organisations still manage contracts manually throughout their lifecycle, making the process tedious, inefficient and error prone, which ultimately risks delaying revenue or exposing the organisation to unnecessary risk,” said Mika Javanainen, senior director of product management at M-Files. “Automating the contract management process is crucial for organisations to not only increase efficiency, but also to nurture and maximise business relationships. M-Files Contract Management automates and simplifies these important businesses processes with an easy cloud-based solution that can be up and running in a matter of hours.”

M-Files Contract Management includes features for contract initiation, drafting and negotiation, review and approval, digital signing, lifecycle management with assignments, notifications, contract renewal and archiving, as well as highly efficient search and retrieval, and the ability to dynamically organise contracts by clients, vendors, and projects with dynamic dashboards to quickly view contract status and key milestones.

This was posted in Bdaily's Members' News section by M-Files .