FAQ's

• What is digital contract management?

  Digital contract management is the act of storing and editing contracts with existing vendors and customers. When integrated with an accounts payable solution, digital contract management can help create an end-to-end trackable transaction process with each vendor.

• What is the best way to manage contracts?

  The best way to manage contracts is to store details about each vendor contract inside a digital contract management system. By digitizing each contract, a business can make each contract highly editable, trackable, and rescindable in a fraction of the time it would take given a paper-based process.

• What does a contract management software do?

  Contract management software is a tool that helps businesses document, store, edit, and communicate regarding vendor contracts regardless of contract status. One of the key benefits of contract management software is having an end-to-end, highly trackable system for managing contracts.

• How long is the implementation process?

  At CloudX our team of experts take a personal, customized approach to systems integration. We take the time to make sure you’re comfortable with all of APSmart’s capabilities and that you have a seamless transition in your day-to-day operations. For that reason, implementation can take as long as eight weeks, during which we work behind the scenes to give you a single, streamlined automation solution and ensure your team knows how to use it.

• What about the tools I’ve already invested in?

  Our APSmart technology helps to seamlessly integrate your existing ERP and other digital tools, in order to eliminate inefficiency and multi-tool use wherever possible. Our goal is to build on what you’ve created, streamline your existing processes, and allow a smooth, user-friendly transition into the future of business.

• How are CloudX services different from other platforms and tools?

  CloudX offers complete, end-to-end AP automation and document processing solutions to make operations smoother and financial insights more accessible to decision-makers. Not only do we bring today’s solutions to the table, but our intuitive and flexible services will also continue to adapt to your internal and industry-wide changes. Scale your business with versatile tools that take you from the dark ages to the Cloud Age.

• Why invest in automation?

  Carefully considering business investments is important. Fortunately, CloudX’s adaptable technology pays off big for your business, in more ways than one. Not only will you save valuable human resources and better apply your team’s skills to higher-order tasks, but you can also monetize the process while automating it. Believe it or not, we’ve established a pathway to monetize your AP process and have helped clients earn up to 60 percent cash back on accounts payable transactions.