One of the biggest challenges in the Purchasing area is ensuring that the company manages its contracts well. If these items are not managed well, they can affect business profitability and generate losses for the entire organization.
Unfortunately, it is not yet possible to say goodbye to the contractual bureaucracy of everyday corporate life, but Mercado Eletrônico's CLM (Contract Lifecycle Management) platform offers, in a simple and centralized way, complete management of all contracts with governance, agility and, most importantly, cost reduction.
The solution allows, in a single environment, the monitoring of agreements made with suppliers, partners, customers or employees, in order to reduce risks, control deadlines and achieve greater agility in all processes involving contracts.
Digital Signature: performance and sustainability
Digital Signatures allow users to sign documents in a web environment and monitor the progress of signatures in real time. This new feature has been introduced to facilitate and speed up the process of signing contracts, with guaranteed legal validity.
Companies also save money by eliminating the need to print and physically store signed documents, as well as hiring transportation services to transport the document to all parties involved. In addition, they can use their time on activities that are more strategic to the business.
How does digital signature work?
Step 1
The responsible user attaches the document to the Mercado Eletrônico CLM platform and determines who the signatories are.
Step 2
All requested professionals receive an email notification with a link that directs them to the electronic signature.
Step 3
The Mercado Eletrônico system is integrated with the most recognized digital signature platforms. After completing the verification and signing of the contract, the user can monitor the progress of the signatures until the end of the process.
Main practices of the CLM (Contract Lifecycle Management) solution
- Ensure that contractual obligations of both the supplier and the customer are met.
- Help eliminate situations of possible contractual violations.
- Improve adherence to contract objectives.
- Provide a well-documented audit trail.
- Ensure more favorable contract outcomes.
- Improve the quality of service with a focus on the customer.
- Achieving value for financial control.
- Reduce the level of risk.
- Make clear the roles and responsibilities of the contract manager, contractors and end users.
- Being able to identify problems and resolve them before results are affected.
- Provide assessment regarding contract performance as well as identify changes or variations
To learn more about the CLM solution, click here.
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