Enhancing Contract Management Security for Modern Businesses

How secure are your contracts? Many organizations overlook the security of their contracts, exposing themselves to risks. We are here to change that.  At Great Minds Software, we have long experience in contract security to protect your business. This is possible with our Contract Advantage™ platform. Find out how you can use this service below.

What Is Contract Management Security?

Let’s talk about contract security. It’s a big deal, but it’s often misunderstood. We’re not just talking about protecting against hackers, although that’s certainly important. True contract security is a multi-layered approach that addresses both external and internal risks.

Internal vs. External Threats

Internal threats can be just as dangerous as external ones. Think about a well-meaning team member accidentally sending a confidential contract to the wrong person. Or worse, contracts that contain valuable proprietary information can be copied by a staff member.  Some types of violations perhaps cannot be prevented–but they can be uncovered with the correct systems in place.  These scenarios happen more often than you think.

That’s why we offer contract security that protects your data from all angles.

Contract Advantage™ Addresses Specific Security Challenges

Unlike manual or semi-automated tools, Contract Advantage™ uses a comprehensive systematic approach to contract security.  Data breaches, unauthorized access, human error, and compliance concerns keep many business leaders up at night. With Contract Advantage™, we tackle these issues head-on.

Robust Encryption

We use robust encryption for your data, both when it’s stored and when it’s being transmitted. Moreover, we keep our servers in secure data centers and run regular security audits. We’re always looking out for threats so that you can focus on your business.

We Get Rid of Unauthorized Access

We know you need to control who sees what. That’s why we’ve built granular permissions and role-based access controls into Contract Advantage™. You decide who gets access to which contracts, down to the tiniest detail. No more worrying about unauthorized eyes on your confidential documents.  Contract Advantage records every access to a contract, every document edit, and every data change in a comprehensive audit trail.

We Fix Human Error

We’re all human, and mistakes happen. But when it comes to contracts, even small errors can have big consequences. Fortunately, we have Contract Advantage’s automated workflows, version control, and audit trails to fix that. These features help reduce the risk of human error by automating tasks and keeping a detailed record of every change.  Review and Approval workflows ensure that there are also humans involved in the process.

We Deal With Compliance Problems

Staying compliant with industry regulations can be difficult. But with Contract Advantage™, it doesn’t have to be. We’ve built in features to help you meet those requirements, so you can focus on running your business.

Contract compliance is also monitored through reporting, action alerts, reminders, and tracking contract completion.

Additional Security Features of Contract Advantage™

Document Management

Are you tired of digging through folders and emails to find the right contract? Contract Advantage™ puts all your documents in one secure place. Do you need to find a specific clause? No problem. Our search function helps you find exactly what you need, even if it’s buried in a long document.  Only authorized users can see the contracts that they are authorized to see–they will be completely invisible to to unauthroized users.

Digital Signatures

Don’t worry about chasing down signatures and waiting for contracts to snail-mail their way back to you. With Contract Advantage™, you can get contracts signed electronically in a few clicks. It is now a well-established practice and is faster, simpler, and way more secure.  Plus, you can track the progress of each signature in real-time.

Self-Service Portals

Your legal team or contract management team shouldn’t be the bottleneck for every contract. Contract Advantage’s self-service portals help your employees create and initiate contracts using pre-approved templates. This frees up your legal team for more important tasks and speeds up the contract process for everyone.

Secure Your Contracts With Our Proven Solution

Your company’s success hinges on the integrity and security of your contracts. Don’t settle for outdated methods and fragmented systems that leave you vulnerable. Improve contract management security with Contract Advantage™. Let’s start a conversation about how we can develop a solution to fit your business requirements. With Contract Advantage™, your contracts are in safe hands.