6 ways in which Certinal can enhance procurement ecosystem

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Introduction

In order to be a strategic value driver for your organization, procurement needs to manage legal and regulatory exposure, ensure proper risk management and governance, and provide valuable intelligence to key stakeholders. E-Signatures can help you accomplish these objectives while also streamlining your procurement processes.

Certinal provides a secure, legally binding way to sign contracts and other documents, eliminating the need for paper copies. This saves time and reduces the risk of lost or misfiled documents. Certinal also makes it easy to track which documents have been signed and which are still pending, so you can follow up with stakeholders as needed. As a result, Certinal can help you save time and improve the efficiency of your procurement processes.

1) Certinal can help reduce turnaround time.

2) Certinal has a robust compliance infrastructure in place, ensuring regulatory compliance.

3) Certinal provides version tracking and legal redlining for enhanced security.

4) Certinal has an intuitive and best-in-class user interface.

5) Certinal has a flexible pricing model fit for all enterprises.

6) Certinal is powered by Zycus, a leader in procurement automation.

 

Ways in which Certinal enhances procurement ecosystem

1] Reduce Turnaround Time 

A well-executed eSignature solution can enable real-time negotiation and approvals for contracts, from inquiries to purchase orders (PO), and eInvoicing. Automating the redlining process shortens the contract turnaround time and reduces the risk of mistakes, giving you more time to negotiate with your suppliers. eSignature also enables you to focus on your procurement goals by automating the approval and signing processes for different types of documents across different devices. This minimizes manual processes and errors, ensuring that agreements are compliant and executed in a timely manner. In addition, eSignature provides a secure storage solution for all your agreements, so you can access them anytime, anywhere. As a result, automating your contract lifecycle with eSignature can reduce turnaround times and free up your time to focus on other tasks.

2] Robust compliance infrastructure in place, ensuring regulatory compliance

eSignature solutions can help you save time and money by streamlining the procurement process. By integrating with your eSignature platform of choice, you can automate contract approvals, reduce risk exposure, and ensure compliance with business owners. eSignature solutions can also help you identify high-risk and high-value terms, perform accurate spend analysis, understand contract risks and obligations, and reduce procurement costs. In addition, eSignature solutions can enhance supplier visibility, monitor risk exposure, identify saving opportunities, and ensure business owners follow the process and fill out forms correctly. As a result, eSignature solutions can provide a multitude of benefits for your organization to streamline your procurement process and reduce costs.

3] Version tracking, legal redlining for enhanced security 

In the business world, document security is essential. From client contracts to important internal memos, ensuring that documents are safe from tampering or unauthorized modification is crucial. One way to enhance document security is through the use of version tracking. By keeping track of every version of a document, businesses can ensure that they are always working with the most up-to-date and accurate information. Additionally, version tracking can help identify when documents have been tampered with and who made the changes. This can be invaluable in situations where legal disputes arise. By being able to track changes to documents, businesses can protect themselves from potential liability. Furthermore, eSignatures can add an extra layer of security to documents by ensuring that only authorized individuals can access the document and it remains protected.

Download: Sign on the Digital (not Dotted) Line: Enhancing Security, Efficiency with e-Signatures

4] Intuitive and best in class user interface 

Certinal has the most intuitive and best-in-class user interface for an eSign suite. The UI is so straightforward that users will be able to eSign with ease from the outset, regardless of how much eSignature software experience they have. Certinal’s UX is designed with the user in mind, making the eSigning process as smooth and seamless as possible. Certinal provides the best user experience for an eSignature application on the market today from start to finish. To top this, thanks to its ease of use, Certinal can be implemented in a matter of days with minimal training.

5] Flexible pricing model fit for all enterprises 

Certinal’s eSignature software is one of the most feature-rich and credible on the market. But what really sets it apart is its billing model. Electronic signature pricing structures have large variations. If you are assessing electronic signature vendors, it will be worthy to look beyond the bundle of features to truly understand the merits and demerits. The pricing models can be broadly categorized into per signature pricing, per document pricing, per user licensing and prepaid document packages.

This makes Certinal ideal for businesses of all sizes, from SME’s to large enterprises. And because Certinal is a Procurement-friendly vendor, you can be sure that working with Certinal will not disrupt your existing procedures or workflow. So if you’re looking for an eSignature solution, Certinal’s flexible billing model might be the best fit for your organization.

Whitepaper: Decoding the Differential Pricing Strategies of Electronic Signatures

6] Zycus and Certinal: A tool developed with years of procurement experience 

Zycus is a world leader in the procurement industry. With over 20 years of experience, we have developed a tool that is unrivaled in its ability to streamline workflows and improve efficiency. Certinal is the result of our commitment to providing the best possible eSignature solution for our customers. By combining our extensive knowledge of procurement with the latest technology in security and compliance, we have created a user-friendly, reliable, and secure tool. With Certinal, you can be sure that your eSignatures are compliant with all relevant regulations and that your documents will be processed quickly and efficiently.

 

Conclusion

In order to be a strategic value driver for your organization, procurement needs to manage legal and regulatory exposure, ensure proper risk management and governance, and provide valuable intelligence to key stakeholders. Certinal can help you accomplish these objectives while also streamlining your procurement processes. Certinal provides a secure, legally binding way to sign contracts. We hope that this blog has provided you with some insights into the benefits of Certinal for procurement.

If you have any further questions or want more information about how Certinal could benefit your organization, please do not hesitate to book a demo with us or contact us at switchto@certinal.com.

 

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