What is contract management software?
Contract management software is designed to streamline the process of creating, reviewing, storing, and managing contracts. It helps lawyers and legal teams automate workflows, track deadlines, ensure compliance, and maintain document security throughout the contract lifecycle.
How can contract management software improve my firm’s efficiency?
Contract management software can automate repetitive tasks such as document creation, version control, and deadline tracking, allowing your team to focus on more strategic work. It helps reduce administrative burden, enhances collaboration, and accelerates contract turnaround times.
How does your contract management software ensure compliance?
Lawsyst's contract management software helps ensure compliance by providing secure storage for contracts, tracking critical deadlines, and ensuring that all documents adhere to relevant legal standards and regulations.
Can I track the status of contracts in real time?
Yes, Lawsyst allows you to track the progress of contracts in real-time, so you can easily monitor which contracts are being negotiated, which ones are waiting for approval, and when they need to be signed or renewed.
How does your software handle version control for contracts?
Lawsyst keeps track of every revision and update to a contract, ensuring that users always work with the latest version. It also allows you to compare different versions to see what changes have been made, reducing the risk of misunderstandings.
Can I customise Lawsyst's contract templates?
Yes, you can customise our contract templates to suit your firm's specific needs, helping to standardise contracts, save time, and enhance productivity, while ensuring consistency in your agreements.
How does your contract management software improve contract collaboration?
With our contract management system, legal professionals and their clients can collaborate more efficiently via document sharing, comments, and real-time editing. This ensures all stakeholders can review and contribute to contracts without having to send multiple versions back and forth.
Is your contract management software secure?
Yes, Lawsyst has many stringent security features such as data encryption, user authentication, role-based access controls, and secure cloud storage to protect sensitive contract data from unauthorised access.
How does your contract management software help with contract renewals?
Our software can set reminders for contract renewal dates, allowing you to track and manage upcoming renewals proactively. Lawsyst helps to ensure you never miss important contract dates, avoiding penalties or lost opportunities.
Can I automate the invoicing and billing process for contracts?
Yes, our legal contract management software integrates seamlessly with our invoicing and billing tools to automate the creation and distribution of invoices based on specific terms. Lawsyst's time recording feature reduces manual errors and ensures that billing is accurate and timely.
Is Lawsyst's contract management software suitable for all types of contracts?
Yes, Lawsyst can handle various types of contracts, including employment contracts, service agreements, non-disclosure agreements (NDAs), sales contracts, lease agreements, and more. The flexibility of our software allows it to be adapted to your specific contract needs.
How do I get started with contract management software?
Contact Lawsyst today to find out more about how our contract management software can benefit your law firm. Once you subscribe, we offer onboarding support and training to help you get things up and running.