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Take a look at how your company’s contracts are organized and how your team communicates when working on those contracts.
If you’ve ever answered “yes” to any of the questions above, you recognize the importance of version control and the frustration of not having an established process. Without version control, changes become permanent; but with version control, you always know and work from the latest version, while still being able to reference previous versions.
Versioning “enables you to store, track and restore items in a list and files in a library as they are changed,” according to the Microsoft Office website. Here are seven benefits to using Microsoft SharePoint for your contract management system:
Version control is extremely helpful and in fact, a crucial step in creating a “productive, collaborative ‘office’ for your always-connected staff,” according to a Fast Company article. Without it, workflows within your contract management system become moot, and coordinating who should review and revise what and when becomes challenging.
Want to discover more about how version control works, why it’s crucial for collaboration and how it can streamline workflows within your contract management system? No one does version control like Microsoft, on its platform SharePoint, and as SharePoint experts, ConvergePoint will show you how version history works within our Contract Management Software and how it eliminates extra emails and confusion within your legal department.
Next step: See how effective version control is a critical piece of the entire contract workflow, and how it fits into the process.
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
Manage employee and teacher contracts, sponsorship deals, city and state regulations, and partnerships.
Manage supplier and vendor contracts, employee and staff contracts, distribution contracts, and facility leasing and ownership contracts.
Comply with HIPAA, HITECH, ICD 9, ICD 10, and FDR CFR regulations for contract management, and handle active directory contracts for your organization.
Comply with SEC, FDIC, FINRA, OCC, CFTC, and Federal Reserve regulations on contracts, handle employee contracts, and partnership deals
Create and manage employee contracts, improve organizational transparency, reduce risk factors, and mitigate lawsuits.
Abide by local, regional, state and federal regulations, manage contractor information, develop third-party outsourced contracts, and handle facility agreements.
Comply with FAA, DOT, FMCSA, FRA and FTA regulations for contracts, outline contracts for drivers and vendors, and reduce potential risks.