An Overview of Contract Management Workflows blog.mydock365.com/an-overview-of-contract-management-workflows
With Dock 365, creating workflows to automate contract management processes has never been simpler. With several different workflow options, you can enable flexible workflows to manage and organize various sequences within your contract management system. The most commonly used workflows include approval workflows, status workflows, notification workflows, and automation workflows. Each workflow type serves a specific purpose to increase efficiency and productivity within your business’s contract management system. In an automated contract lifecycle workflow, a contract is sent through a specified process of steps that notifies multiple people or parties of what actions to take on that specific document. Each action a person takes within the workflow will impact the next step and action that follows – altering the course of the contract. The main objective of an automated contract workflow is to fully complete the contract lifecycle with as much ease and accuracy as possible. By using workflows, you ensure that tasks and specific actions are systematized and standardized via notifications that alert the right people when an action is required. At Dock, you can stay engaged in every step of the contract lifecycle management process by keeping tabs on the status of contracts and where they are located within individual lifecycles.
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