--- title: 3 Reasons You Should Embrace Digitizing Your Contracts description: As technology evolves, so too do the expectations for in-house legal teams. Here are 3 reasons why you should embrace digitizing your contracts. image: https://blog.linksquares.com/hubfs/Blog%20-%203%20Reasons%20You%20Should%20Embrace%20Digitizing%20Your%20Contracts.png --- [Skip to content](https://blog.linksquares.com/3-reasons-you-should-embrace-digitizing-your-contracts#main-content) [LinkSquares](https://blog.linksquares.com/) Open Mobile Menu [LinkSquares](https://linksquares.com/) Close Mobile Menu [Why LinkSquares](https://linksquares.com/why-linksquares/) [Products](https://linksquares.com/products/) --- [The LinkSquares Cloud One platform for all your in-house legal needs](https://linksquares.com/products/linksquares-cloud/) --- Contract Lifecycle Management Create, review, manage and sign contracts Legal Project Management Centralize your work and keep projects moving Cross-product capabilities Get scalability, efficiency and connectivity LinkSquares Onboarding Experience A step by step guide to get started today --- [Solutions](https://linksquares.com/solutions/) [Customer Stories](https://linksquares.com/customers/) Resources Content [LinkSquares+ Content curated for in-house leaders](https://linksquares.com/plus/) [The Library](https://linksquares.com/library/) In the studio [Demo Library](https://linksquares.com/demo-library/) Community & Events [Customer Stories](https://linksquares.com/customers/) [Events & Webinars](https://linksquares.com/events/) Learning [Blog](https://blog.linksquares.com/) [In-House Insights](https://linksquares.com/inhouse-insights/) [Knowledge Base](https://help.linksquares.com/) [Events](https://linksquares.com/events/) [About Us](https://linksquares.com/about-us/) [Careers](https://linksquares.com/careers/) [Press](https://blog.linksquares.com/tag/linksquares-news-press) [Pricing](https://linksquares.com/pricing/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Contract Lifecycle Management](https://linksquares.com/products/) [Finalize Streamline your contract creation process](https://linksquares.com/products/finalize/) [Sign Get your contracts executed faster](https://linksquares.com/products/sign/) [Analyze Your post-signature analytics & repository](https://linksquares.com/products/analyze/) [CLM Suite One platform to rule them all](https://linksquares.com/products/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Legal Project Management](https://linksquares.com/products/) [Prioritize Manage, track, and report on legal work in one place](https://linksquares.com/products/prioritize/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Cross-product capabilities](https://linksquares.com/products/) [LinkAI Predictive and generative AI](https://linksquares.com/products/analyze/features/ai/) [Integrations Connect the tools you love](https://linksquares.com/integrations/) [Reporting Improve your teams efficiency with KPIs](https://linksquares.com/products/analyze/features/dashboard/) [API Integrate with any third-party app](https://linksquares.com/integrations/linksquares-api/) [Request a demo](https://linksquares.com/demo-request/) Back Close Mobile Menu [Cross-product capabilities](https://linksquares.com/products/) [Onboarding We're here for you from day one](https://linksquares.com/onboarding-services/) [Services Short on time? 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[Learn more](https://linksquares.com/agentic-ai/) Contract Lifecycle Management Create, review, manage and sign contracts Legal Project Management Centralize your work and keep projects moving Unified Capabilities Get scalability, efficiency and connectivity LinkSquares Onboarding Experience A step by step guide to get started quickly [Finalize Streamline your contract creation process](https://linksquares.com/products/finalize/) [Sign Get your contracts executed faster](https://linksquares.com/products/sign/) [Analyze Your post-signature analytics & repository](https://linksquares.com/products/analyze/) [CLM Suite One platform to rule them all](https://linksquares.com/products/) [Prioritize Manage, track, and report on legal work in one place](https://linksquares.com/products/prioritize/) [LinkAI Predictive and generative AI](https://linksquares.com/ai/) [Agentic AI Smarter contracting with a multi-agent approach](https://linksquares.com/agentic-ai/) [Integrations Connect the tools you love](https://linksquares.com/integrations/) [Reporting Improve your teams efficiency with KPIs](https://linksquares.com/products/analyze/features/dashboard/) [API Integrate with any third-party app](https://linksquares.com/integrations/linksquares-api/) [Onboarding We're here for you from day one](https://linksquares.com/onboarding-services/) [Services Short on time? 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In just a few short decades since the 1950s, technology - like the internet, mobile phones, and social media - have changed how we communicate with each other forever.  So what does this mean for contract management in the [Digital Age](https://www.forbes.com/sites/stevedenning/2022/02/09/what-is-the-digital-age-and-what-does-it-mean/?sh=cc6c9ec58b26)? As technology evolves, so too do the expectations for in-house legal teams. Gone are the days of making choices that align with gut reactions alone. Modern executives rely on legal to contribute to the bottom line and make data-driven decisions. Digitizing contracts sounds like a big undertaking, but it can make legal teams more strategic, and efficient, and even [increase their reputation](https://blog.linksquares.com/3-ways-to-boost-your-legal-teams-reputation). Here are 3 reasons why you should embrace digitizing your contracts: ## **#1: Digitizing contracts helps you justify resources** With an [economic downturn](https://blog.linksquares.com/operating-in-an-economic-downturn) looming on the horizon, it’s never been more challenging to access the resources you need. How many times have you had to justify a new software purchase, headcount, or budget request for your legal team? Without digitized contracts, you have no way to track time spent on just exactly how much effort your team is putting into contract management.  ## **#2: Digitizing contracts gives you data and insights** We already know there are many benefits of being [a data-driven legal team](https://blog.linksquares.com/the-benefits-of-a-data-driven-legal-team). Digitizing your contracts and using a contract management solution gives you insights beyond just time spent on your contracts, including how many contracts you execute, how frequently you finish them, and how many team members work on them. ## **#3: Digitizing contracts creates more efficient processes across the board** Getting your contacts out of the Stone Age is just the beginning. Once you’ve done it with contacts, the possibilities are endless. Take this time to evaluate [other processes](https://blog.linksquares.com/omnitrax-onboards-linksquares-in-six-weeks) that are aging poorly, and see how you can usher them into the 22nd century and beyond. Although we don’t have commercially available flying cars or [colonies on Mars](https://greekreporter.com/2022/01/22/mars-colony-2/) (*yet,*) modern technology provides endless ways to revolutionize your contract management. End-to-end contract management software provides a single source of truth you can rely on-especially during uncertain economic times. Interested in ushering your contracts into the digital age and beyond? [Schedule a demo](https://go.linksquares.com/demo-request) today to learn how LinkSquares can help. ![avatar](https://blog.linksquares.com/hs-fs/hubfs/Screenshot%202023-05-09%20at%2012.05.18%20PM.png?width=290&name=Screenshot%202023-05-09%20at%2012.05.18%20PM.png) #### [Christina Sullivan](https://blog.linksquares.com/author/christina-sullivan) Christina Sullivan is a Content Marketing Manager at LinkSquares. ## Subscribe to the LinkSquares Blog Stay up to date on best practices for GCs and legal teams, current events, legal tech, and more. ## Related Articles ### [Christina Sullivan Jun 09, 2023 6 min read What Are Customizable Contracts? Given the speed of modern business, creating a new contract from scratch for every new deal isn’t feasible or efficient. ... Start Reading](https://blog.linksquares.com/what-are-customizable-contracts) ### [Christina Sullivan Aug 24, 2022 4 min read 6 Items to Review Before Signing the Dotted Line Welcome to our blog series on navigating the wild world of legal reviews, audits, and due diligence. In part one, we explored ... Start Reading](https://blog.linksquares.com/6-items-to-review-before-signing-the-dotted-line) ### [Alyssa Verzino Sep 05, 2023 11 min read Everything You Need to Know About Contract Management As the backbone of business transactions and relationships, contracts are key to overall business success. As a result, ... 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Here are 3 reasons why you should embrace digitizing your contracts.", "author" : { "@type" : "Person", "name" : "Christina Sullivan" }, "dateModified" : "2024-01-26T19:17:55Z", "datePublished" : "2022-10-31T13:00:00Z", "headline" : "3 Reasons You Should Embrace Digitizing Your Contracts", "image" : "https://6934676.fs1.hubspotusercontent-na1.net/hubfs/6934676/Blog%20-%203%20Reasons%20You%20Should%20Embrace%20Digitizing%20Your%20Contracts.png", "inLanguage" : "en", "keywords" : "[Contract Management, Legal Tech & Trends]", "mainEntityOfPage" : { "@type" : "WebPage" }, "name" : "3 Reasons You Should Embrace Digitizing Your Contracts", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://6934676.fs1.hubspotusercontent-na1.net/hubfs/6934676/Navigation/logo_643dd1b1.svg" }, "name" : "LinkSquares" }, "text" : "The Digital Revolution has evolved in ways that many never imagined possible. In just a few short decades since the 1950s, technology - like the internet, mobile phones, and social media - have changed how we communicate with each other forever. So what does this mean for contract management in the Digital Age? As technology evolves, so too do the expectations for in-house legal teams. Gone are the days of making choices that align with gut reactions alone. Modern executives rely on legal to contribute to the bottom line and make data-driven decisions. Digitizing contracts sounds like a big undertaking, but it can make legal teams more strategic, and efficient, and even increase their reputation. Here are 3 reasons why you should embrace digitizing your contracts: #1: Digitizing contracts helps you justify resources With an economic downturn looming on the horizon, it’s never been more challenging to access the resources you need. How many times have you had to justify a new software purchase, headcount, or budget request for your legal team? Without digitized contracts, you have no way to track time spent on just exactly how much effort your team is putting into contract management. #2: Digitizing contracts gives you data and insights We already know there are many benefits of being a data-driven legal team. Digitizing your contracts and using a contract management solution gives you insights beyond just time spent on your contracts, including how many contracts you execute, how frequently you finish them, and how many team members work on them. #3: Digitizing contracts creates more efficient processes across the board Getting your contacts out of the Stone Age is just the beginning. Once you’ve done it with contacts, the possibilities are endless. Take this time to evaluate other processes that are aging poorly, and see how you can usher them into the 22nd century and beyond. Although we don’t have commercially available flying cars or colonies on Mars (yet,) modern technology provides endless ways to revolutionize your contract management. End-to-end contract management software provides a single source of truth you can rely on-especially during uncertain economic times. Interested in ushering your contracts into the digital age and beyond? Schedule a demo today to learn how LinkSquares can help.", "url" : "https://blog.linksquares.com/3-reasons-you-should-embrace-digitizing-your-contracts", "wordCount" : "576" } ```