What if you could stop the time, money and headaches spent on laborious contract searches in just 30 seconds? You could focus more on crafting customer-friendly contracts that keep your business safe, secure and growing.

In just the past 5 to 8 years, the rise of cloud based services has given us all a number of benefits. One of these is easy access to storage space, communication, and adaptable mobile apps for work. The downside of this increased access is that it adds time-consuming logging into different accounts and tracking down documents.

Contract lifecycle management software addresses this problem by giving you a central location where all your contracts live, including third party vendors and partners. Many people are just now starting to scan their paper contracts, so there is still hope for you if you feel like you’re too far behind to start using a contract management software tool.

The goal of contract management software is to streamline the process of managing contracts. It’s a great way for businesses to save time, increase efficiency, and ensure that they are extracting maximum value from their contracts. But why should you adopt it?

Here are four reasons why early adoption of contract lifecycle management software is a a great idea:

1. Spend less time hunting down documents

When you use contract lifecycle management software, it’ll automatically store all of your contracts in the cloud. That means you never have to worry about losing them or misplacing them—they’re always there when you need them. And because they’re stored digitally, they’re easy to find with a quick keyword search.

2. Extract maximum value from your contracts.

Contract lifecycle management software helps you extract the maximum value from each contract by giving you real-time access to all of the information associated with it—so if there’s ever an issue or discrepancy, you can quickly find the relevant information and resolve it right away.

3. Put information at your fingertips

If something happens that requires immediate attention, like a change in data security policy or regulatory compliance law, you won’t have to waste time looking through old emails or trying to find someone who has already left their position at the company—because everything is stored in one place. It will put information at your fingertips so that when something comes up, you won’t have to scramble to find what you need.

4. Security & privacy is a priority

Having all of this information at your fingertips means that if something were ever lost or stolen (and trust us: it happens), not only would no one other than yourself have access to this data but also none of the information would be complete without each other piece—meaning there would be no way anyone could use any part of it alone.

Benefiting from agile contract management software means having a resource that saves you time and boosts efficiency. It also means having a partner that works with you to implement security and privacy measures, and one that is responsive to your needs moving forward.

You may need more urgent and compelling software adoption reasons, but the fact is that automation will help save you a few headaches down the road. This is why you should try to use contract lifecycle management software. To be clear, these tools aren’t meant just for lawyers or large companies; they are not an “enterprise resource planning” solution. They’re straightforward and affordable enough to use by medium to large businesses.