If your company is like many, it has no efficient means of managing your contract approval process. Contract review requests may come through phone calls, faxes, or emails, creating a great deal of confusion and inefficiency:
By providing employees with a central web dashboard for submitting and tracking a request for new contracts, timeliness and productivity are dramatically increased. After choosing and implementing a workflow management solution, the contract approval process becomes more streamlined. In some cases, approvals for contracts are received in a matter hours, down from days or even weeks. The employee submitting the request will know immediately if the new contract provisions are approved and will be able to review any revisions or comments that are made within the dashboard.
This example shows how an organization might handle vendor contract approvals, with several levels of approval and other requirements needing to be met as the process moves along. This provides numerous checks and balances that ensure the organization’s best interests are met.
Oakland Unified School District has a mission-critical workflow management system for handling vendor and contract approvals.
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