As technological advancements continue to improve our lives, current business practices are being quickly superseded. To demonstrate just how valuable the right contract lifecycle management (CLM) software can be for your business, let’s take a step back to review the history of the contract management process, take stock of how far we have come thanks to eSignatures, then take a look ahead to glimpse the bright future of contract management.
In the beginning
For decades, contracts were inked, marked up and signed using analog methods. This was expensive, slow and inefficient. However, at each turn, the process became more and more digitized. Computers replaced typewriters, and contracts were emailed, faxed, or scanned.
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