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In addition , there is generally an improvement in productivity and quality of life for employees along the value chain .
Above : José Manuel Jiménez , Founder and
CEO , Webdox Below : Benjamín
Amenábar , Chief Revenue Officer ( CRO ), Webdox
“ This benefits the entire organization and even maximizes its effectiveness with its internal and external customers . At Webdox , we understand the importance of monitoring the status and lifecycle of contracts and the impact this has on business productivity since it allows us to achieve better relationships with the different actors of the companies , taking control and traceability of the entire contractual process ,” said Jiménez .
“ Being such a valuable asset and managing them digitally , the negotiation , signing and monitoring processes of contracts are streamlined , achieving faster and more transparent negotiations between the parties . In addition , by having full visibility of the content of a contract in an orderly manner and with easy access , it clarifies the commitments and obligations of each party , thus minimizing failures and possible resource losses .”
A Webdox study on an overview of contract management made in 2022 presented some relevant data from specialized entities to understand the impact of digitization and automation of contracting processes .
These include a 30 % reduction in costs , an increase of at least 60 % in operational efficiency , particularly in the legal area , so that lawyers can spend more time on valuable activities , and a reduction of at least 30 days in the production and approval of contracts . In addition , contract automation speeds up negotiation cycles by up to 85 % and erroneous payments by 75 % to 90 %.
We understand the importance of monitoring the status and lifecycle of contracts and the impact this has on business productivity . dozens of integrations with sales systems , purchases , data intelligence systems and electronic signatures , new tools to facilitate negotiation , monitoring , automation and contractual
Expanding business
Benjamín Amenábar , Chief Revenue Officer ( CRO ), Webdox , explained the business plan for the medium term , which starts with solutions that help to improve the offer before the many ways of managing contracts both regionally and globally .
“ Our roadmap for 2022 includes the launch of a series of improvements and new functionalities in our CLM , including new automation of contract processes ,
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