Collaboration
Collaborating with internal stakeholders to work on contracts and negotiating with external parties to work on 3rd party papers (i.e. contracts originating from your customers, partners or suppliers) can be a time-consuming back-and-forth process. Many companies today still employ traditional methods of negotiation and contract editing/authoring such as face-to-face meetings, phone calls, emails, faxes, etc. While traditional methods such as face-to-face meetings allow for valuable personal interaction and help to build business relationships, they may not be ideal in situations where time is of the essence, or when geography makes it difficult and costly.
UpsideLive allows users to efficiently and effectively share ideas and offer input to others through a variety of functions right within the application. Users can forward contracts to other users for approval, attach notes, track changes and also export/import documents into Microsoft Word® for further collaboration with redlining.
UpsideLive makes negotiation with vendors on 3rd party papers a breeze with vendor papers templates.
By more effectively collaborating with stakeholders, operations can be streamlined by up to 72%*, cycle times can be reduced by days and employee hours spent on administrative tasks can be re-directed to other projects and assignments. Collaboration also leads to increased visibility to foster knowledge sharing and enriched risk analysis procedures.
*Click here
to read how Upside Software helped a company streamline
operations.
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