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Contract Management HubSpot Saves Time and Eliminates Errors
Contract management can be time-consuming for sales teams. Every minute they spend struggling with contracts means they’re not selling. This is costly for businesses.
Fortunately, there are solutions to this problem. One of them is the HubSpot contract generation feature, which automates the process and boosts productivity. It also allows you to create contracts in a single click.
Streamlined workflows
Every minute that sales spends struggling with contract issues is a wasted revenue opportunity. Using HubSpot contract management workflows, however, makes the process smooth and effortless. This allows sales teams to focus on converting leads and turning quotes into contracts, while the integrity of account data is fully protected.
For example, if your team is using HubSpot and DocuSign, you can create a task workflow that automatically sends a DocuSign contract to a prospect once the deal has reached an agreed stage. This saves time and effort for the sales team, while also increasing transparency and speeding up the deal-signing process.
Contract management workflows also reduce admin work for the legal department, as they can easily access and query contracts post-signing. To get started, set up a workflow that triggers when a new deal stage is created in HubSpot and connects it with a contract template in Juro. This means that the contract can be drafted within seconds, saving time and reducing error.
Templates
Contracts can be intimidating for commercial teams, particularly when drafted with legal jargon. Fortunately, many contract management solutions offer templates that eliminate this problem. In addition, they streamline the process of contract drafting by automating the drafting of standard contracts. This saves time and eliminates manual errors.
Templatized contracts make the writing process easier for salespeople and lawyers who may not be natural writers. They also ensure that the contract includes all necessary legal text. In addition, they reduce the risk of pricing mistakes, which can cost a company valuable revenue.
The PandaDoc Hubspot contract management integration works natively within the CRM, allowing users to generate and sign documents from any deal, contact, or company record. It also auto-populates the content of standard and custom HubSpot fields into new documents for speed and ease. It also stores basic templates and a library of additional content that can be easily dragged-and-dropped into proposals, quotes, and contracts. It even allows users to track usage of these templates and content library items.
Automation
Contract management is a huge pain point for commercial teams, with many contracts crammed full of legal jargon. Even if the language is plain, drafting a contract can take hours of time. Using a contract management hubspot solution that offers automation can help reduce the amount of manual effort required.
A good HubSpot contract management solution should provide a seamless experience for sales teams from quote to contract. This integration can minimize the risk of errors during the sales process and improve data hygiene post-signature. It also allows for better communication between teams.
A streamlined contract management process can help sales and account managers focus on building relationships with customers instead of drowning in paperwork. With the help of an integrated eSignature solution, such as Dropbox Sign, sales and client-facing teams can create, edit, autofill, and send contracts from a single platform without needing to leave HubSpot. This can save hours of time and improve the customer experience.
Reporting
Whether you’re a small or large business, contract management hubspot can be an invaluable tool for your sales team. It allows teams to manage contracts and proposals within the same CRM, reducing labor costs, errors, and lost revenue. It also makes it easy for sales reps to customize contract templates.
A good contract management solution should offer robust reporting capabilities. This can help you track key metrics like the number of contracts signed and their value, as well as the average time to close a deal. It can also help you identify potential problem areas in your contract process and improve your overall contract performance.
PandaDoc’s HubSpot integration gives you the power to create documents for eSignature right from your CRM. You can automatically generate a document or send an existing one for signature from a deal, contact, or company record in HubSpot. And you can monitor any document activity in real time. This helps you keep your team focused on what matters most: closing the deal.
