In the insurance industry, the sheer volume and complexity of contracts demand an automated contracting solution to increase efficiency and maintain compliance. You need a solution that not only shortens the signing process but also includes a centralized location for contract storage and automates the steps in between. This is where Precisely’s digital contract management really helps.
Precisely’s contract creator enables anyone in your team to create compliant contracts in minutes – even without legal knowledge. Your contracts will be error-free, regardless of length or complexity. Generate your contract by creating questions and references based on names, dates and contract values in a smart questionnaire, and the contract is created automatically with compliant terms. Since the solution is cloud-based, you can always ensure that the latest version of the template is used.
As anyone in the insurance industry knows, organizing contracts is time-consuming. With an automated contract management system, once your contracts have been e-signed, they are automatically archived in one place for easy access anytime. And Precisely’s smart search makes it easy to quickly find what you’re looking for. You can also set reminders for any event in the contract lifecycle, such as renegotiation, renewal or termination.
Eliminate the time it takes to print, sign and return documents with e-signing. You can securely send and sign all your documents faster than ever through the Precisely platform. This also ensures that all departments are always up to date on the status of every contract. Information is tracked and timestamped, providing you with a complete transaction history. And as a bonus, you’ll save time and money by never paying for postal services, couriers or printer paper again.
Your contracts need to be protected from unauthorized edits and changes. Luckily, Precisely’s contracting platform allows you to set user roles and permissions to control access levels. It also allows users to suggest changes and give feedback without altering the document. And with TLS encryption, you can maintain the confidentiality of sensitive information. Plus, our automatic backups ensure your contracts won’t be lost in an emergency.