It's a universal truth that content is being produced at a phenomenal pace in today's world. According to a report by Statista, the amount of data and information generated is forecast to reach 180 zettabytes by 2025, which was only 64.2 zettabytes in 2020. While data is essential for the operation [...]
This article covers: Introduction to Policy Management Importance of policy acknowledgment and recipient confirmation Strategies for tracking acknowledgment to confirmation from recipients Benefits of using document management software for policy tracking and confirmation Introduction to Policy Management Organizations frequently update or [...]
Projects often result in the creation of numerous documents. For instance, your team is collaborating on a critical marketing proposal. One person updates the budget section, another revises the product descriptions, and a third amends the client information. Without version control, this collaborative effort can result in confusion. Implementing Document Version [...]
A humongous amount of data is shared worldwide on a daily, hourly and even minutely basis. An average company shares data with over 8 different online domains, including partners and vendors. Yet, organizations struggle to find a tool that can help them share their files securely. Whether it is your own [...]
This article covers: Overview Benefits of Contract Management System How Do Digital Contracts Work? How to Sign Digital Contracts Internally? Collecting Signatures from Customers (Signature Requests) Over the past few years, the manufacturing industry has evolved significantly due to [...]
Contracting is arguably the staple work for in-house legal teams. However, most pre-and post-signature tasks are manual and resource-intensive and can disrupt the entire contract lifecycle. According to a study by Gartner, creating contracts, negotiations, reviews, and approvals incurs over 50% of the legal department's time — excluding the time required for [...]
This article covers: Introduction? Identifying and organizing different types of digital documents Using document management software Tips to effectively organize digital documents in Docsvault Case Study: Examples of businesses that have successfully implemented Docsvault Introduction Digital document organization is crucial [...]
6 Key Benefits of Contract Management Solution Did you know that companies lose up to 9% of annual revenue due to poor contract management? Contracts are the foundation and universal language of any business – which is why it becomes indispensable to have the right contract management automation software [...]
Vendor onboarding, sometimes known as supplier onboarding or Supplier Relationship Management (SRM), refers to the process of collecting a supplier's information, such as basic business details, contracts, pricing, product catalogs, etc., to set them up as an approved vendor and enable your organization to conduct business, purchase goods and services, and [...]
Every business generates thousands of documents a year. Maintaining the security of these documents is crucial for your business. These documents include information on sensitive employee data, legal contracts, correspondence, financial documents, and company initiatives aimed at internal audiences. Business documents that are created over time need to be managed, and it [...]