The contract process in RTO management can be long and tiresome. This task that is required on a daily basis for most businesses, can eat up tons of time that could be spent doing more important things. Streamlining the contract process by eliminating traditional contract paperwork is a great way to save both time and money.
What is Management Software?
The first step in streamlining your company’s contract management process is to enter the exciting world of contract management softwares. These softwares are tools that put all of your paperwork and management necessities into one, easy-to-use space. Not only do softwares help save time by organizing documents, but it is also a secure way to store data, take payments and e-signatures, and so much more.
If your business is still using manual processes, think about switching to a digital platform to improve your contract process and streamline those repetitive tasks.
How do Management Softwares Eliminate Paperwork?
When switching over to a digital space for your business you will likely find that there are some excellent features to help organize and improve efficiency within your business. One of the key components to a digital system is the contract process. When using a platform like ServicePad, the contract management system is easy to use and will help your business capture more sales.
Before changing your entire model it’s important to evaluate your current management process, figure out where the faults are and if there are any specific areas you want to improve. Understanding your current process will help you create a new and improved system for your contracts.
Another tip is to make the most of automated alerts and document tracking features. If you’re switching from traditional methods to a digital platform, you’ll never have to worry about moving physical paper around again. Alerts can help your team stay on top of things like work orders, e-signing, contract renewals, etc. without having to keep track of the thousands of sheets of paper and contracts in the office. These features also save time by keeping things organized and on track.
What is the 6 Step Contract Process?
ServicePad offers a start-to-finish contract management process that eliminates the need for repetitive tasks and paperwork. You can create custom contract templates that can be used time and time again, saving your business time and effort. The simple six step process helps both you and your clients get contracts out of the way. Here is a simple break-down on how to eliminate paperwork through the customizable 6-step process offered by ServicePad:
Step 1 Payment – This step includes the payment amount, term length of the contract, and any extra down payments that may need to be included. With ServicePad your clients can be assured that any payments are completed in a fast, yet secure way that ensures little time for backing out of a sale.
Step 2 Agreement – This step includes the amount due at signing, as well as the payment date.
Step 3 Renter information – Your clients can easily fill out their information such as address, name, and anything else your company may require for a sale.
Step 4 Co-renter information – This step allows clients to easily fill out the section without additional documents or unnecessary paperwork.
Step 5 References – Clients can input their references information here leaving everything accessible for your team to approve.
Step 6 Review agreement, then e-sign – The last step is possibly the most important in the contract process. When everything has been filled out, the contract can be sent right to your team for approval, review, and to every party involved for fast and secure e-signing.
Eliminate Contract Paperwork with ServicePad
Streamlining your sales process with ServicePad is an easy way to bring your business to the next level. ServicePad is a great option for those in rent-to-own management and provides an easy to use interface for your employees and customers.
To streamline your business using ServicePad simply reach out to our team here. You can schedule a demo or get started immediately. If you have questions, our excellent team of support staff is here to help. For general inquiries, you can access our helpdesk or call us directly at (888) 618-1315.
