Ninety-two percent of businesses report that human error impacts their contract management process. To avoid this automation is needed. To find out how we spoke with Erik Severinghaus, chief strategy officer at SpringCM.
The high proportion of businesses reporting that human error affects the contract management process, comes from a recent survey conducted by SpringCM. Challenges within contract management can cause deals to halt and destabilize partnerships. The findings show that such errors affect businesses of all sizes and across all industries. There are steps that businesses can take to reduce human error and improve their contract management process. The answer is to integrate automated processes. For example, automated contract management solutions can eliminate human error and reduce the contract cycle time to days instead of months. To explore the benefits of automation, Digital Journal spoke with Erik Severinghaus, who is the chief strategy officer at SpringCM. SpringCM is a workflow collaboration and document management platform used by more than 600 companies.
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