CloudContract

CloudContract is a cloud-based electronic contract management solution provided by Cloud Contract, Inc. The product aims to streamline contract processes, improve efficiency, and reduce costs for businesses. According to the vendor, CloudContract is suitable for companies of all sizes, ranging from small businesses to large enterprises. The solution is utilized by various professions and industries, including legal services, human resources, sales and marketing, real estate, and financial services.

Key Features

Template Functionality: According to the vendor, CloudContract allows users to save frequently used documents as templates, simplifying the sending process and eliminating repetitive work. Users can add features such as free text, checkboxes, and stamps to enable recipients to add text, checkmarks, or pseudo-stamps within the document.

Bulk Sending: CloudContract enables users to send the same document to multiple recipients at once, with a maximum limit of 30 recipients. This feature eliminates the need for individual sending, according to the vendor.

Multi-Party Contracts: CloudContract facilitates the creation of contracts involving multiple parties. The vendor states that the agreement is only reached when all parties provide their consent.

Online Internal Approval: According to the vendor, CloudContract offers a feature that allows users to complete internal approval processes online. This feature enables quick approval tasks during downtime, as long as there is an internet connection.

Commenting on Documents: CloudContract allows users to add comments when sending documents. These comments are visible to recipients in notification emails and on the document review page, according to the vendor.

Enhanced Identity Verification: CloudContract offers SMS authentication (2-factor authentication) to enhance recipient identity verification, as stated by the vendor.

Progress Tracking: According to the vendor, CloudContract provides users with a comprehensive list of the progress status for sent contracts. This feature ensures transparency and enables timely follow-ups.

Electronic Signatures: CloudContract allows users to electronically sign contracts, replacing the need for physical signatures. The vendor claims that this feature authenticates and approves document contents.

Timestamp Functionality: CloudContract records the creation and signing timestamps of documents, according to the vendor. This feature aims to establish document existence, prevent tampering, and deter forgery.

Automatic Document Storage: CloudContract automatically stores contracts concluded within the management interface. Additionally, users have the option to upload scanned copies of physical documents for digital storage, according to the vendor.