As the business world continues to become more digitized, it’s important for modern Human Resources teams to stay up-to-date on the latest technologies and trends. One such technology is Contract Lifecycle Management (CLM) software, a tool that helps streamline and automate contract management processes. CLM can provide numerous benefits to HR departments, from improved communication between employers and employees to better control over contract negotiations and quicker resolution of disagreements. Let’s take a look at how contract lifecycle management software, like Pathways can help your HR team unlock its full potential.
CLM software helps companies manage their contracts and agreements throughout their lifecycles. It automates various aspects of contract management, such as initiation, negotiation, collaboration, post-signature management, storage, tracking, and more. By using software like Pathways, businesses can easily monitor the progress of each stage in the process while also ensuring compliance with all relevant regulations.
There are many advantages to using this software in your HR operations. For instance, improved communication between employers and employees allows both parties to understand their rights and responsibilities when it comes to contracts. Additionally, this software can also provide better control over contract negotiations as well as quicker resolution of disagreements that may arise during the process. Furthermore, CLM software also offers more secure data storage processes as well as efficient tracking and obligation management capabilities that make it easier for businesses to keep track of their contracts and ensure that all terms are being met accordingly.                  
With so many benefits on offer—from improved communication between employers and employees to better control over contract negotiations—it’s clear why Contract Lifecycle Management has become essential for modern HR teams looking to gain a competitive advantage by providing them with a secure and efficient way to manage their contracts. Below are six benefits to using an agile CLM for modern human resources teams, across the board for all industries.

• Integrated E-Signature: Integrated e-signature capabilities, like Docusign, make contract management seamless and efficient. By eliminating the need to manually print, sign, scan, return and store contracts, HR departments can save time and resources instead of chasing down hard copies.
• Keep Updated Digital Records: Storing digital employee contracts and records for your company and employees saves time, helps create performance reviews, and keeps updated employee records and documents in storage.
• Secure Data: Control who can access your data and when in a secure and smart repository. Keep digital archives and secure sensitive employee data.
• Collaborate Seamlessly: View, Access, Edit, Update and Sync work across teams. Human Resources teams will be able to centralize all communication, redline contracts in real-time and synchronize updates to documents.
• Full Visibility: Benefit from clear and concise end-to-end visibility, a subsequent audit trail, and less ambiguity when issues do arise. When all information is in one place and at the click of a button, it’s simpler to monitor the performance and effort of a department.
• Automate Repetitive Work: Contract management software allows Human Resources personnel to be able to reduce manual work and develop digital capacities, allowing them to increase productivity, save time, and drive efficiency.

Often, HR Teams must deal with issues that arise due to breaches of agreements, and conflicts between employers and employees. Having Contract Lifecycle Management software helps the team throughout the entire process; from initiation of contracts to execution, including post-signature management, storage, and trackable custom metrics to optimize processes and make informed decisions.
Pathways can help you simplify your Human Resources processes so you can better serve the needs of your clients or customers and drive additional value for your business. Contact us today to learn more.
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