The opportunities of digitalization have clearly helped to make the negotiation process more efficient. However the full contract negotiation process has still remained laborious and challenging to manage.
Did you know that instead of emailing back and forth, the contract negotiations can now be handled easily, efficiently and securely with Noventia's new Collaboration tool?
The Collaboration tool enables a smooth contract process
Noventia's new Collaboration tool enables managing contract negotiations between the parties. The tool both streamlines and enhances the multi-stage process remarkably. With the Collaboration tool you can:
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- link the negotiation event to a tender or previous contract
- invite the parties in Noventia to negotiate
- gather documents, comments and approvals from the parties
The benefits of the Noventia Collaboration tool;
1. A faster and more efficient negotiation process
One of the biggest benefits of the tool is that it speeds up the contracting process. Instead of emailing documents back and forth or waiting for meetings, negotiations can be conducted efficiently within the tool. Contract drafts can be shared in real time. Parties can comment, add documents - or new versions of previous documents - directly to the tool, and track the progress of the process without information getting lost in email threads or paper documents. Communication within a centralized channel keeps all the parties informed.
2. Security and traceability
Contract negotiations often require handling of confidential information. The Collaboration tool provides a high level of security to ensure that all the confidential information remains protected. The tool allows tracking user activities, improving traceability and accountability. Traceability also reduces potential disputes as all actions are documented and thus verifiable.
3. Easy access and document management
The Collaboration tool allows parties to view and manage the contract negotiation no matter where and when. This makes the process very flexible and user-friendly. Negotiations can easily be found in one place, and the version history of the documents is also displayed directly in the tool. This reduces confusion and makes the management of negotiations clearer and more efficient.
The Collaboration tool can be integrated with the customer's existing e-signature solution, which significantly speeds up the signature phase.
Finalized contracts can be viewed in Noventia's Contract Management. The buyer users can easily see, for example, their own active contracts and receive reminders for contracts that are about to expire. The Contract Management tool can be integrated with any other document management solutions the company may have in place.
Noventia Collaboration tool saves time, effort and money, while improving the transparency and reliability of the contracting process
Noventia's Collaboration tool brings significant benefits. The tool speeds up the negotiation process, improves collaboration and enables efficient document management as part of the negotiation process.
It's easy to get started – contact us for more information!
