Fast growing technology companies need a way to organize and track their corporate contracts and other time sensitive material. They must have a method of accurately tracking and alerting appropriate personnel about upcoming milestones, auto renewals, and inactive contracts. Simple uses ContractWorks to manage their growing contract database.
Simple Finance Technology Corp is an American bank based in Portland, Oregon. Its unique business structure means that they do not have physical branches, and instead offer a robust online banking system accessible through Simple.com and mobile apps, melding the existence for a secure financial institution with the convenience of modern technology.
As Simple’s popularity began to grow the business began to take on a vast number of agreements, and they realized that they needed a solution that could help them organize, store, and quickly locate contracts and other agreements with critical milestone dates. After vetting other contract management solutions, the team determined that ContractWorks was the best fit for their business because it required very little training, offered an intuitive interface, and came at a price that the competition could not beat.
"ContractWorks allows us to run custom reports with flexible alert time frames, which has saved us money due to no longer missing renewal dates or opportunities. This combined with time savings, has paid for itself, many times over.”
After taking the time necessary to adopt ContractWorks into their organization's contract management process, the Simple team has been able to successfully monitor and track contract milestones, and easily run reports on upcoming auto renewals, resulting in significant time and money savings.
Taking advantage of ContractWorks' unlimited users has meant that monitoring contracts no longer falls solely on one individual, and consequently has increased overall company efficiency.