Any contract that an organization issues, has two major components to take care of- One is tracking the progress of the contract and other is ensuring value for money. Right? How about an app that takes care of all the tracking and costing part? Manual inaccuracy in money management is humane, but not something that every organization would be able to bear. Similarly, tracking the progress of your contract, be it small scale or large scale- is not an easy task. That is where Contract Management Apps or integrations like Pact come to rescue.
Moreover, if you are already an organization that uses project management apps like Jira by Atlassian, the ‘Pact’ by Optimizory is already well integrated there.
So, let's read more about simplifying contract management via an App integrated with Jira!
Contract management is essentially the comprehensive, systematic approach to handling all stages of an agreement, from its creation to its termination. It encompasses various activities and functions, ensuring smooth execution and maximum benefit for all parties involved.
Ever signed a contract and then wondered, "Wait, what happens now?" Or perhaps you've witnessed the chaos of misplaced agreements and missed deadlines. It's most likely to be the latter if you are an organization already involved in a lot of multi party contracts.
So firstly, Let's look into the key stages that turn a blank page into a binding promise that gets executed, keeping everyone on track and happy!
These are the key stages of any contract that gets signed in the first place. However, don't you think we are missing out on another important intricacy here? It's money management!
Release payments from time to time.
A contract management app, also known as Contract Lifecycle Management (CLM) software, is an app that helps businesses/ organizations efficiently handle different aspects of their contracts, from creation and negotiation to execution and ongoing management.
Here's what a contract management app typically does:
Are you wrestling with contract management outside your Jira ecosystem? Struggling to juggle separate apps and maintain a holistic view of your agreements? Pact offers a breath of fresh air, effortlessly integrating contract management into your existing Jira setup. Imagine visualizing contracts, tracking negotiations, and monitoring key dates directly within Jira – that's the power Pact brings to the table.
So, why juggle multiple tools when you can have it all within Jira? Pact streamlines contract management, enhances visibility and control, fosters collaboration, regulates costing, ensures risk management and makes more sense of your existing Jira investment.
In a nutshell, Pact is more than just a contract management app; it's an app that revolutionizes how you handle agreements within your organization.
‘Pact’ as the name itself gives a hint; it's a promise.
A promise to liberate your contracts from the chaos of spreadsheets and scattered documents, and usher them into the ordered world of Jira. Imagine, your contracts transformed into Jira issues, breathing and pulsing within the familiar ecosystem you already are well acquainted with. Pact seamlessly integrates, harnessing Jira's time management muscle and injecting its own financial tracking prowess. No more manual money madness, just precise cost control right at your fingertips. Pact offers transparency, a window into the soul of your agreements, revealing every requirement, negotiation wrinkle, and critical milestone.
So, give it a try and see how effortlessly it transforms your Jira into a single, powerful hub for all your contract needs.