As Wolters Kluwer suggests manual systems are inefficient and contribute to:
- Extended cycle times slowing revenue flow
- Lack of audit trail necessary for compliance evidence
- Disorganized storage of executed contracts making it difficulty to find contracts and ensure compliance
- Integrated clause library in line with business rules ensuring use of preapproved language.
- Configurable, rule-based workflow engine automating compliance policy
- Automated capture of contract metadata