Paper will more than likely never completely go away. It is a fabric that has been woven into our society throughout the years. Paper offers comfort to agreements, arrangements, and even disagreements because it is proof. Paper allows a physical touch to verbal engagements. It is what many businesses do because they always have.
Even with its many benefits, paper creates struggle. Papers can be lost and destroyed. Papers can be forgotten.
Today technology offers a new tradition of electronic contracts and documents that are managed with contract document management software. Contract document management software (CMS) decreases paper dependency and the labor associated with it by allowing documents to be centralized in one location and accessed from anywhere with the help of cloud computing.
Reducing paper use with a CMS also allows easy assembly of data for audits, surveys, and other needs with reporting. Data storage is more efficiently enacted, accessed, and analyzed to benefit continued progress.
Losing the sense of physical touch and using CMS with cloud computing may seem intimidating, but the freedom and benefits of the cloud are increasing popularity. Over the next three years cloud use is projected to be 58 % by enterprise businesses in some capacity and 78% of small businesses are projected to be fully cloud operational.