eContractHub https://www.econtracthub.com SaaS Contract Lifecycle Management Solution Tue, 06 Nov 2018 13:26:50 +0000 en-GB hourly 1 https://wordpress.org/?v=4.9.8 GDPR – The biggest challenge for marketers and business in 2018 https://www.econtracthub.com/blog/gdpr-the-biggest-challenge-for-marketers-and-business-in-2018/ https://www.econtracthub.com/blog/gdpr-the-biggest-challenge-for-marketers-and-business-in-2018/#respond Mon, 07 May 2018 07:00:10 +0000 https://www.econtracthub.com/?p=810

GDPR – The biggest challenge for marketers and business in 2018

By now we have all heard about GDPR, but what does it really mean? and why is everyone freaking out?

GDPR  is a new Data Protection Regulation that is intended to regulate data protection and privacy for all citizens within the European Union (EU). Traditional marketing has shifted since the dot com bubble and the rise of social media; companies have realised that marketing can now be targeted to specific audiences. Specifically, those who are actually interested in buying their product. This has not only revolutionised marketers, but the way we interact in the digital world.

Millennials like us don’t watch TV, we spend most of our days on social media and very rarely do we open up a newspaper. We don’t seek promotions and publicity anymore, they find us. It appears on our Instagram feed, on your Google searches and even in the middle of Facebook videos (what is that all about? Are you as shocked as I am with this?). It’s so abundant that we also get it on every single platform we sign up online that sends us weekly emails that rarely get open. But it all got a bit out of hand, don’t you think?

Knowing how valuable data is, companies will try to collect as many data as they can for every free event you sign up for, every item you purchase and every competition you enter, but this doesn’t mean we want to be automatically signed up for a bunch of emails we don’t appreciate, and unsubscriptions that need double or triple opt-out options. Now the law is going to regulate when our data is processed, what it entitles and how it is going to be used for no pre-ticked boxes, no hidden tricks. Quite cool, right? Well it is, but this gives marketers a bit of a headache because they have to review their policies and ensure they are up to date with everything.

For us marketers, this becomes quite challenging when approaching customers: no one wants to receive ‘junk’ email but we sometimes find quite interesting things, hidden gems as they say that we wouldn’t even have known.

Here are my top tips to keep your GDPR on point whilst creating engaging content; that everyone would want to opt-in into your fantastic email marketing:

  1. Be honest, clear and concise

GDPR is not a big nightmare, they just want to ensure everyone is aware of what they sign up for. You don’t want to have someone in your mailing list that doesn’t really want to be there. So why should you ‘trick’ them into signing to your mailing list? Be clear, no pre-ticked boxes and be transparent about the kind of information you’ll provide.

2. Write a fun opt-in message

Believe me, if you invite your customers to join your mailing list by writing: “Receive email marketing updates”, no one is going to sign up. Write a fun and interesting message that customers will actually be willing to sign up to: “Receive exclusive offers, industry leading tips and be the first one to RSVP to our events!” That’s something I would sign up to.

3. Provide engaging, interesting and relevant content

Competition is high, so you better have relevant content or your customers will quickly go to“unsubscribe”. Do you have a restaurant? Share you newest menu or invite your customers fora drink on the house. Do you have a tech startup? Give some tips, talk about other softwares or service you use and help them beat stress! Do you own a gym? Give some PT sessions away and increase social sharing with a competition. You have infinite possibilities, and now is time to empower our imagination and make sure customers stay.

4.  One message at a time

Not all marketers might agree with me, but I believe these never-ending newsletters with too much text and too many images are a thing of the past. Send one important message at a time with a clear Call To Action. If there’s many options it can be too distracting and decide not to take any CTA. If you are sending a newsletter with your latest blogs, share them. Big images, with a very short description of each blog in a clean design, so customers can choose which one is more interesting and visit your blog (and your website).

5. Make sure your unsubscribe button/link works

There’s nothing more annoying than unsubscribing from a mailing list yet still  continue receiving their emails. With GDPR, you will need to ensure that every single customer that wants to opt-out is actually eliminated from your database. Make the process easy: you can even recommend to receive less emails or different content, but make sure all is solved with a couple of clicks. Go ahead, test it!

 

Well, I hope some of these tips help you to get ready for GDPR and start creating nice opt-in and opt-out messages as well as creating engaging content to ensure your customers actually stick around.

Sources: Guide to GDPR UK

]]>
https://www.econtracthub.com/blog/gdpr-the-biggest-challenge-for-marketers-and-business-in-2018/feed/ 0
Get to Know Our Team Series: Ferhat Karatay, Developer https://www.econtracthub.com/blog/get-to-know-our-team-series-ferhat-karatay-developer/ https://www.econtracthub.com/blog/get-to-know-our-team-series-ferhat-karatay-developer/#respond Wed, 18 Apr 2018 01:52:28 +0000 https://www.econtracthub.com/?p=785

Get to Know Our Team Series: Ferhat Karatay, Developer

  1. Which tech product are you most excited about?

I’m excited about Virtual Reality. I believe it’s a new and different experience for customers. For instance, people can try high risks sport activities (especially for those who crave the adrenaline rush) without endangering their lives.

Virtual reality technology can increase safety measures and reduce risks by giving people the opportunity to experience things beyond their comfort zone and imagination!

  1. What are the 3 items you never leave home without?

My mobile phone, my headphones and wallet!

  1. What motivates you?

  • Solving difficult issues, and providing solutions for clients on the job.
  • Learning new things.
  • Feedback about my work from my colleagues.
  1. What do you enjoy most about your work?

Low-Code programming, learning new technologies, learning different business rules from many sectors.

  1. Name us 3 places you would like to visit

  • Havana, Cuba
  • Rio de Janeiro, Brazil
  • Asia, China (Pekin Shenzhen), Hong Kong, South Korea
]]>
https://www.econtracthub.com/blog/get-to-know-our-team-series-ferhat-karatay-developer/feed/ 0
Top project management bloggers to follow in 2018 https://www.econtracthub.com/blog/top-project-management-bloggers-to-follow-in-2018/ https://www.econtracthub.com/blog/top-project-management-bloggers-to-follow-in-2018/#respond Thu, 12 Apr 2018 14:13:03 +0000 https://www.econtracthub.com/?p=775

Top project management bloggers to follow in 2018

I remember someone saying “Managing projects is no less than running a small city”! It is, indeed. A number of responsibilities and tasks are put on the shoulders of the project managers: Dealing with resource limitations & time constraints, monitoring the execution, properly mitigating risks and liaising with different stakeholders, just to name a few.

As businesses grow, the proper project management is crucial to business performance and growth. Yet, Gallup Business Journal reported discouraging figures of only 2.5% of companies successfully completed their projects. This challenge even sounds more perplexing to startups and sole project manager.

Fortunately, good news to project managers and specialists: You’re not on your own! There are many projects management bloggers who offer experiences, hands-on practices, articles, industry news that helps alleviate hardship in project management.

Let’s take a look at some Project Management (PM) blogs that eContractHub think you should definitely follow this year:

  1. A girl’s guide to project management

Who is behind this blog?

Back in 2006, Elizabeth Harrin, a seasoned project manager, realized that while a lot of female professionals were working hard in managing projects,  not many wrote about project management. Since then, her blog has evolved into a great place for all project managers. The blog offers updates, free templates & tools, experiences and insights aimed at providing direction in the world of project management.

It’s noteworthy that a session is dedicated to inspiring women working in project management. The blog also provides very valuable reviews on software & books that businesses could choose from to get projects done with more confidence.

  1. The lazy project management

The blog is managed by Peter Taylor, a project management expert. Writing and speaking on project management and productivity tips, Peter is the author of two best-selling books and The Lazy Project Manager.

People love his blog for strategic, actionable insights in project management and its relatability. In his Lazy Project Manager book, Peter provides simple techniques of lazy project management that people can easily apply in life in order to work smarter, not harder.

Not prefer reading blog posts? He is also a podcaster and a social media influencer. Follow him on Twitter for some quick, simple but incredibly important things about project management!

  1. Ricardo Vargas

Ricardo is known as a Project management Guru. His blog is “super” informative with a wide range of videos, articles, podcasts, and presentations. As the author of 15 books and a specialist in project management and strategy implementation, Ricardo offer customized training to help organizations over challenges in project management.

Since 2007, he has run the 5 Minutes Project Management Podcast where he shares practical tips on topics such as project, portfolio and risk management. He is also very active in sharing tips and his activities on Twitter. So follow him here for updates and tips on project management and execution.

  1. Brad Egeland

Based in Las Vegas, Brad has many years of project management and consultancy experiences in IT and services sector. He has translated his expert experiences into practical blogs for readers. So far, Brad has produced more than 6,000 expert online articles, eBooks, white papers and video articles. You will find his tips for dealing with PM challenges and stress extremely helpful.

By the way, you might not want to miss this: Brad’s blog also has a dedicated section for templates & tools, software reviews and project management books available for free download.

There are a number of blogs we love reading and we’ll keep sharing with you. We hope you’ll find these blogs useful.

In the meantime, in order to avoid problems in project execution, using IT tools is a great option for you to automate project processes. With eContractHub, important contracts documentation could be constantly updated and team communication can be efficiently improved, which is vital to project success. You can also make sure your project is on pace to meet important deadlines as well as identify opportunities for additional efficiency.

]]>
https://www.econtracthub.com/blog/top-project-management-bloggers-to-follow-in-2018/feed/ 0
Find Job Opportunities in London – and enjoying it! https://www.econtracthub.com/blog/finding-job-opportunities-in-london-and-enjoying-it/ https://www.econtracthub.com/blog/finding-job-opportunities-in-london-and-enjoying-it/#respond Mon, 09 Apr 2018 02:47:14 +0000 https://www.econtracthub.com/?p=763

Finding Job Opportunities in London – and enjoying it!

My previous blog post highlighted a typical day of work for me – but I may have missed a step…as I did not actually tell you how I landed the job in the first place. I know what it’s like being a student in this exciting city of London; wanderlust, seeking new exciting adventures, burning passion to explore other neighbouring cities. Whilst that is the ideal for not just students, what it requires is of course money to fund your many little rendezvous.

My motivation for a part-time job was not only for extra pocket money. It was also to gain experience working at a startup in one of the biggest tech cities in the world, London. Before diving into my job search, I created a plan to determine:

1)    What kind of roles and responsibilities I would be comfortable with

2)    How many hours I would be able to commit alongside my studies, and;

3)    The type of companies I wanted to apply to

After coming up with the above plan I then did a schedule to devote at least 2 hours every day researching job opportunities on websites such as LinkedIn, StudentJob, Indeed and TotalJobs to name a few. By the end of each week I then had a list of companies I knew I wanted to apply to and would send in my applications every Sunday.

If you are new in the city, you must know that London has a very important figure that many cities don’t have: the recruiter. This person is an intermediary between the company and the applicants. They are hired to make a pre-filter for the company and make their life easier. They will contact you and you will first have an interview with them before passing into the next step.

Before sending in every application to the various companies, I would ensure that I have updated my resume and have revised to reflect the skills and roles I was applying for. Additionally, for companies that require a cover letter, I would write a personalized, in-depth researched cover letter for each company that I was applying to. If you’re stuck with where to start here are a few CV and cover letter templates that you can refer to.

A few weeks after I sent in my application to eContractHub, I got a call from Vanessa Bolosier, our Business Strategist Consultant asking me to meet her and our founder, Arif Bay for an interview.

To prepare for the interview, I did some research about Contract Lifecycle Management and eContractHub to get an idea of the company and the market. That helped me a lot as I was able to ask some clarification questions during my interview resulting in  a very engaging conversation, and ultimately the opportunity to intern here at eContractHub!

I strongly suggest a thorough investigation about the company you are interviewing for. Make sure the company gets the feeling that you are interested in what they do and that you are excited about their industry. Make sure to note some questions, this will give you extra points!

Before committing to anything, I was sent an official employment contract via eContracthub for me to review and sign before commencing with work. Sounds serious, but very necessary to go through the contract with a fine-tooth comb just to make sure that everything is in order and everyone is agreeable to the terms.

Here is an infographic with some of our top tips to lookout for when reviewing a contract once you land a new job.

 

London is a city with many job opportunities. Make sure you choose wisely and find the right fit for you, choose a company that understands you and believes in you. If you’re ever feeling stuck or a little lost about applying for any types of job – just remember to plan ahead and most importantly, to ensure that your contracts are reviewed properly and that both parties agree on every point before committing to anything!

]]>
https://www.econtracthub.com/blog/finding-job-opportunities-in-london-and-enjoying-it/feed/ 0
Why Partner with DocuSign®? https://www.econtracthub.com/blog/why-partner-with-docusign/ https://www.econtracthub.com/blog/why-partner-with-docusign/#respond Thu, 29 Mar 2018 13:42:31 +0000 https://www.econtracthub.com/?p=748

Why Partner with DocuSign®?

eContractHub stands on the motivation and purpose to serve our clients with the best contract management lifecycle software. We understand the nature of digital documents and the significance that goes beyond a signature. As we continuously aim to be the best version of ourselves, we decided to partner with one of the top electronic signature companies, DocuSign®. This partnership was made to guarantee full customer experience satisfaction.

 What is DocuSign®?

DocuSign® is a digital signature solution that allows users to sign and manage documents anytime and anywhere on any device with confidence. With over 300,000 companies and 200 million users in 188 countries, we are proud to announce that our partnership with DocuSign® is made to empower our customers and to assure you that your confidence in our product is our main priority.

Before we get started on why we have decided to partner with them, here are some fun facts for you to note about DocuSign®

 

  1. Convenience in the signing of contracts

Having your contracts signed should be the least of your worries. No matter the large distance you or your signatory might be, and even if you’re in a different time zone, collaboration and resources to deliver and sign contracts should never be limited. Any authorized member can search, download, upload, finalize and securely sign contracts on any device at any time –  opening up opportunities to close deals and meeting deadlines.

  1. Compliance & Legalities

Being aligned with the standard definition of electronic signature and legally binding requirements are the utmost priority of every digital signature solution, but this part is where things can get confusing. Not every contract management software with electronic signature features guarantee a legally admissible and legally defensible process to withstand heightened legal scrutiny – not that anyone would like for these features to be utilized in court.

eContractHub, together with DocuSign® gives emphasis on protecting your business from the very beginning. The purpose is not to just record one’s intent to sign nor capture signatures. We will always ensure that standardized, and secured contract processes, policies, and digital signature workflows are up to date and complies with legislation set by the local and national government. No matter where you are, we can avoid and protect you from facing concerns on legal matters.

  1. Ease on Tracking and Monitoring

Keeping records of every progress, status, and transaction that transpired for each contract is mandatory. But the struggle of capturing every detail on a historical format tend to make things more complicated and overwhelming for users. Audit trails for contracts and electronic signatures are far more complex as it should be very detailed, meaning every step of each process and every information should be visible and available at all times. Our report and monitoring tools include exact time, the person responsible and other key data points.

eContractHub provides accurate and visible audit and transaction trail for contracts and partnering with DocuSign® provides a more thorough information on the electronic signature transaction trail before, during and even after a contract has been electronically signed. You don’t need to be a master of reports or exert much effort to analyze and understand this sum of information stored. All the information you need is available and understandable at a single glance.

]]>
https://www.econtracthub.com/blog/why-partner-with-docusign/feed/ 0
Get to Know Our Team Series: Arif Bay, Founder https://www.econtracthub.com/blog/get-to-know-our-team-series-arif-bay-founder/ https://www.econtracthub.com/blog/get-to-know-our-team-series-arif-bay-founder/#comments Fri, 23 Mar 2018 09:08:13 +0000 https://www.econtracthub.com/?p=755

Get To Know Our Team Series: Arif Bay, Founder

  1. Tell us a little bit of your background

I’m an Industrial Engineering graduate and hold a Masters Degree in Information Systems. I started my career in Turkey in a software company and specialised in business process management. After working a few years for this company, I traveled to the U.S. to further my studies and look for new opportunities. I created some business connections during the time I spent in the U.S and in 2013, founded BAYPM, a web and mobile applications building company for enterprise grade companies across a number of industries, from retail to finance.

After providing a number of services in the U.S. and delivering solutions for organisations in Turkey and Europe; I decided to explore the product route, hence my move to London to set up eContractHub. I’m the Managing Director of the company and I oversee the internal development team, optimise internal processes and approve product designs. I also drive the executive and operational management of the company.

  1. How did eContractHub come about? 

My co-founder, Luis and I have been developing tailored solutions for years. We have developed 4 different contract management solutions for 4 different company and industry in the U.S: One day, we were chatting about the benefits of contract management and how it would be if we create an SaaS solution for companies who can’t afford a tailored solution to benefit from. This was 3 years ago, before wet met OutSystems. We were using some other RAD tools and developing custom coded solutions then, but this had significant constraints and custom coding was not an option.

Meeting OutSystems was the turning point. After creating a few applications and on the platform, we realized it was the tool we needed to create the app we dreamed of. Our developers adopted the platform in a short time and it provided us all the abilities and ease to create the first phase of the application while designing the future of the product with confidence.  In October 2017, we released the first version of the product including the mobile app.

  1. What is the working culture like at eContractHub?

We believe we should enjoy our time at work. Reducing stress of our employees as well as our clients is our priority. We can make contract management as easy task for companies. Our goal is the provide the best solution for people dealing with contracts, for them to have more time to do other things during the day. With eContractHub, users have flexibility. They can access or approve a contract even on the go with mobile app. At eContractHub we work with people who believes the importance of responsibility and flexibility.

  1. What are eContractHub’s values as a company?

eContractHub exists to improve the way people deal with contracts in all aspects. from preparation to negotiation. While working on that, we are committed to transparency. We know how we can improve the contract lifecycle. We are aware of what we can propose and what we can’t. We continuously improve and evolve our product to keep cost-benefit ratio high. No payment if there is no benefit. That’s why we have a free option with no time limit. We want companies to use eContractHub for free until they see the value of it. Also, It’s not easy to make an investment for small companies so we make it risk free. Our goal is to grow together.

  1. In 3 words/short phrases, how would you describe eContractHub?

 eContractHub was built to improve the way companies manage their contracts. It’s easy and free. It significantly simplifies the contract lifecycle management process.

 

 

 

 

]]>
https://www.econtracthub.com/blog/get-to-know-our-team-series-arif-bay-founder/feed/ 1
Top 2018 Productivity Tools to Use When You Work Remotely https://www.econtracthub.com/blog/top-2018-productivity-tools-to-use-when-you-work-remotely/ https://www.econtracthub.com/blog/top-2018-productivity-tools-to-use-when-you-work-remotely/#respond Fri, 09 Mar 2018 12:48:21 +0000 https://www.econtracthub.com/?p=712

Top 2018 Productivity Tools to Use When You Work Remotely

I love the fact that I am able to work from anywhere in the world and at any time of the day.

As long as there is a reliable internet connection, sufficient battery and a plug to charge my devices, I am good to go.

Sounds pretty straightforward, right? But here’s the catch. Because I get notified for everything and I open new tabs for every single notification I then get into a little panic when I realise that I have not crossed out a single thing on my to-do list that I’ve put together earlier in the day . Okay, that’s a good 3 hours down I think. What have I been doing?!

The internet is my best friend and my worst enemy; that’s why I used to prefer working in the office rather than from home, to ensure that I am 100% focused to complete my tasks. But since I started using these tools, working remotely doesn’t sound so daunting as I’m able to track, communicate and manage my time better. If you’re anything like me, try out these tools and see if it helps you boost your productivity.

  1. Toggl

I’ve only been using it for a week now but this tool honestly makes a big difference for you to see how much time you spend (or don’t spend) on your tasks. It allows you to keep track of your start and end times, just like a timesheet. Detail out the task and click the start button and when you’re done, just click stop. At the end of the week a report is produced and sent to your email with the details and hours spent on whatever you are working on. Definitely a must have tool to have to estimate how much time certain tasks may take so you know how to prioritise your tasks!

  1. Slack

Unless you’re working alone; even when working remotely you are still part of a team and will need to a channel to communicate in. For me, Slack is my choice of communications as it allows users to create private and public channels, send and save documents, look at what others are doing, all within one platform. Instead of backtracking e-mail threads, looking at your downloads folder; I prefer to use Slack to make sure that all work-related communications are in one place for ease of reference. One of the best features of this platform is that it allows you to create different conversations selecting different team members so you can easily organise projects and even have a space for fun and after work drinks.

  1. Trello

Trello is like a digital Post-it board. You are able to create themed boards that have a card collection with different To-Do’s, ideas, projects and events all visually structured. You can start adding members to the card for feedback or reviews on your ideas. You can add images and have conversations within each card so that all comments and feedback are constrained to just that one idea. Very useful for someone who’s a little scatterbrain like myself, to structure and organise my thoughts and ideas for ease of reference.

  1. eContractHub

Having to deal with proposals and contracts, instead of using the traditional Excel spreadsheet, you can use eContractHub, a Contract Lifecycle Management software. A secure platform, where documents are encrypted so that only authorized personnel will have access to it. I would upload a contract, enter in details of contract (e.g., name, important dates, figures) and insert collaborators to get approval of the contracts. This way, I also eliminate the long email threads and can just wait for a notification to see if the contract has been approved or edited – because everything is done through the system it is recorded and makes it easy to keep track of the communications that we’ve gone through within the team. Like the Dropbox app, because it has a mobile app I can also check to see status of contracts while on-the-go: perfect for those who work remotely! The mobile app also enables me to receive notifications for reminders that I’ve set according to my liking. This saves time and sometimes money too!

  1. Dropbox

The one thing I like about Dropbox? The desktop and mobile app that allows me to sync my files from my laptop and phone straight into my Dropbox folder. I don’t need to worry about making sure if I’ve stored everything; which is the best part because I used to always have duplicate files backed up! With this I can easily share documents with others who have access to it and will always be able to retrieve files on the go.

 

Try out these tools and let me know which ones worked for you best. Or, if there are any other new tools you’ve found useful, give us a shout at eContracthub and we’ll check it out!

]]>
https://www.econtracthub.com/blog/top-2018-productivity-tools-to-use-when-you-work-remotely/feed/ 0
Day in the Life of a Marketing Intern at eContractHub https://www.econtracthub.com/blog/day-in-the-life-of-a-marketing-intern-at-econtracthub/ https://www.econtracthub.com/blog/day-in-the-life-of-a-marketing-intern-at-econtracthub/#respond Mon, 05 Mar 2018 16:37:53 +0000 https://www.econtracthub.com/?p=694

Day in the Life of a Marketing Intern at eContractHub

Hello, I’m Sarah, the new Marketing intern at eContractHub. No two days are the same for me. Key reason for this is also because I am studying for a Master’s full-time concurrently. That means my working hours is not your typical 9-5, I work in between classes and assignments and have specific hours of the week that I dedicate for this role.

My responsibilities are mainly to do with managing eContractHub’s social media accounts and the overall advertising and promotion activities of the platform. In short, I get to propose and schedule content that goes on our social media profiles. But this also means that I have to know the ins and outs of the platform so that if there are any queries, I can easily address them on social media!

Since no two days are the same, it’s a little hard for me to do a Day in the Life but I’ll try anyway:

  • 9.00 am: Quick breakfast. Usually a bowl of cereal with bananas and coffee. Must. Have. Coffee.
  • 9.39 am: Prepare my workspace area. Although I work remotely, I still need to work at a desk with all my stationery out and never forget, Coffee.
  • 10.00 am: Quick check-in to the team (via Slack/WhatsApp) to let them know that I’m online in case anyone needs anything. Start all the productivity apps and begin work.
  • 11.00 am: Familiarise myself with the platform (both on my laptop and the app), making sure the website looks alright…usually you’ll probably find me at the help centre page as I go through the platform. It’s been very helpful!
  • 11.30 am: Short 30-min break. This is usually just to stretch my arms and legs since I would have been staring at a screen and (most probably) hunching for the past hour. (I should really start sitting properly to save my back)
  • 12.00 pm: Back to work. This will usually be the time when I am finishing up content to be posted for the next few days. This will be the minor edits, testing views and sending out final drafts for final approvals.
  • 12.30 pm: Write to the team to let them know that I’ve tagged them on Trello for them to approve content that needs to go live in the next few days. Have a quick download to my immediate supervisor (usually via WhatsApp or Slack) to let them know what I’ve done or if there is anything that I need assistance with.
  • 1.00 pm: Checking out what’s pending and prioritising tasks for tomorrow so I can plan my day. Detailing tasks completed and items in my work-in-progress report so that other team members are kept up to date.
  • 1.15 pm: Quick check with the team if they need anything or if there’s anything urgent
  • 1.30 pm:  Sign out

Okay, that wasn’t too difficult. But remember, these are just rough timings, depending on the day that I’m working the hours may change but the gist of activities are pretty much the same. I love being able to work remotely, which is especially great for me since my schedule is sporadic and no week is ever the same. It probably also helps that we have the Internet to connect us all to make things so conveniently accessible.

]]>
https://www.econtracthub.com/blog/day-in-the-life-of-a-marketing-intern-at-econtracthub/feed/ 0
Simplifying contract management processes for legal counsel https://www.econtracthub.com/blog/simplifying-contract-management-processes-for-legal-counsel/ https://www.econtracthub.com/blog/simplifying-contract-management-processes-for-legal-counsel/#respond Sat, 10 Feb 2018 13:27:57 +0000 https://www.econtracthub.com/?p=677

Simplifying Processes for Legal Counsel

eContracthub legal counsel

Legal counsel deal with many, many contracts day-in and day-out.  Pressured by business to provide status updates regarding their contracts.

All the while, legal counsel is frustratingly handling all of the legal terms, conditions and negotiating.  Not to mention all of the e-mails and phone calls back and forth with the counterpart legal counsel.  Now, imagine legal counsel having to go through all of the e-mails and notes from phone calls to then create a report for business.

Sounds like a lot of work… but nonetheless, legal counsel do this on a day to day basis.

What if there was a way to simplify the entire contract process for legal counsel?

There is a way…with a contract lifecycle management software, business can keep tabs on the status of their contracts and legal can create, manage and track all of the contracts in one central system.

Let’s take a look at how this works:

1. Contract Preparation

Researching and understanding your client’s needs, your goals and being keen on each word and key information is crucial to author a contract. Should there be any ambiguities, it is standard to consult your legal team.

Take note, you are not just focused on contract management but you also mitigate risk and improve business relationships by improving the entire contract process.

Having a contract management software can ensure you that all the documents include updated information, clauses and terms reducing your workload and turnaround time to interpret each contract.

2. Contract Negotiation

Anticipating that your client may have additional requirements and meeting these can build a foundation to gain your client’s trust. Sending multiple emails back and forth can be confusing, frustrating and prone to errors.

Nowadays, having a cloud based contract management software can promote collaboration by granting secured access to your clients and allowing them to view and update documents with tools such as redlining.

3. Contract Approval

Large organizations require audit, and assurance that they are meeting procurement policies before a contract can be approved. Full Lifecycle Contract Management Software simplifies this process with automated approval workflows and allows you and team members to view, revise, comment, and even attach supporting documents real time.

4. Contract Signing

This is the simplest and most anticipated part of a negotiation but what if your client is not available to sign the papers or based overseas in a different time zone, and to complicate things, you are on a tight deadline?

Emails may not be enough to secure a signature…just imagine having your client print, sign, and scan contracts.

Organizations that are dealing with clients from anywhere in the world, are confident that at any time given they can have their clients use their cloud based contract management software with legally binding electronic signatures to move the contract signing process along much faster.

Once a contract has been signed, conducting regular audits, tracking amendments, ensuring all parties are informed and understanding the effect and value are necessary to avoid loss, and improve business relationships – a heavy workload to take on a daily basis.

Automating contract management processes in a single platform provides convenience to your legal team.

Forward-looking companies rely on world-class contract management software suitable to their needs in order to avoid risk, meet compliance requirements, simplify negotiations and streamline contract management processes and to save on costs and focus on increasing revenue. With eContracthub, you are able to supervise every step of the process with ease.

Create your free account now and find out how eContracthub can assist you with your contract management needs.

]]>
https://www.econtracthub.com/blog/simplifying-contract-management-processes-for-legal-counsel/feed/ 0
Want to be your own boss? Tips to improve your Contract Management Process for Solopreneurs, Consultants, and Freelancers https://www.econtracthub.com/blog/importance-of-contract-management-for-solopreneurs-consultants-and-freelancers/ https://www.econtracthub.com/blog/importance-of-contract-management-for-solopreneurs-consultants-and-freelancers/#respond Thu, 01 Feb 2018 23:17:05 +0000 https://www.econtracthub.com/?p=654

Want to be your own boss? Tips to improve your Contract Management Process for Solopreneurs, Consultants, and Freelancers

Being a solopreneur, consultant or freelancer is the ultimate goal for many people….evident by Freelancers making up 30% of the workforce in the United States and Europe.

With the increasing population of independent workers, we should remind you that a lean operation, does not mean no operations at all. A one-person team means that administrative tasks are also your responsibility: managing your own paperwork, clients, keeping accounts updated, etc.

Dealing with contracts is a major factor in ANY business.  If you find yourself frustrated with the way you’re creating, managing and tracking contracts, here’s a few reasons to use a contract lifecycle management software to boost your effectiveness and productivity:

  1. Make arrangements to close deals faster

Having positive cashflow is CRITICAL in any business…even more so for solopreneurs, consultants and freelancers.

Any step or action you can take to move from QUOTE TO CASH faster than what you’re currently doing is a step in the right direction.  An area that many business people fail to realize is the process of creating, managing and tracking of contracts.

But having a contract management system can help speed up the process of closing deals.

You can quickly create your contracts by using ready to use templates, negotiate terms via an online system and sign contracts using e-signature such as DocuSign. All done within one platform.

  1. Create a Digital File Cabinet

Let’s put aside the positive effects on the environment by going digital, paper documents can also easily be misplaced and destroyed. So, what do you do? Have a digital file cabinet. Yes, you can print, scan and keep the scanned copy of the document somewhere in your computer…

But if you’re a “nomad” and have no office, wouldn’t it be easier to have your contracts easily accessible from anywhere?

Having a contract management software is necessary especially if you’re not limited to one place. It lets you easily access, manage and organize your contracts from your mobile devices thanks to the cloud.

No more having to physically search all of your file cabinets.

You can quickly and securely store and access all of your contracts and supporting documents online.

  1. Always have a back-up plan

Taking extra precautions never hurt. Being secure is not just keeping unauthorized users away but also having a backup of all your valuable information. Most cloud-based contract management software have an off-site backup system to keep versions of your files.

  1. Create space and opportunities for flexibility

Some opportunities will require collaboration. Rather than taking on time-consuming tasks by yourself its best to have contract administration software that allows you to grant access to your clients or other trusted users to help you save time and on cost.

Contract negotiation has never been easier.

The solopreneur, consultant and freelance population is ever expanding.  Having that extra edge by investing in a contract management software that suits your needs might be the best decision you can make for your business.

]]>
https://www.econtracthub.com/blog/importance-of-contract-management-for-solopreneurs-consultants-and-freelancers/feed/ 0