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The folks over at Freakonomics Radio spent a month on self-improvement tips including an episode on how to be more productive.
You can catch the podcast here, but we wanted to highlight a surprising morsel:
There’s actually a big tension and a difference between efficiency and productivity.
Go ahead, we will give you a second to have that one sink in.
They further explain that increasing efficiencies is all about increasing automation, that is taking all of the thinking out of an action and productivity is about taking control again.
But do those things need to be at odds? What about implementing a system that automates the repetitive tasks of contract management and alerts you to areas where you need to take action and control? Can automation of the mundane free your contract managers to be more productive at their jobs?
As we dig in further to the episode the answer becomes a clear and resounding YES! In order to become more productive, no matter the task, you need to embrace 8 essential skills.
Focus, Goal-Setting, Decision Making, Innovation, Absorbing Data, Managing Others, and Teams
By implementing a smart contract management tool that automates and integrates your contract funding data, workflows, and risk analysis your task managers are free to focus on areas that need improvement, identifying goals, making informed decisions, innovating for future bids, absorb data across systems (internally and externally), manage others and create the best team they need in order to succeed.
To learn how iSite can help you take advantage of automation to increase productivity and efficiency email firstname.lastname@example.org.
A recent Robert Wood Johnson Foundation report found a third of Americans get less sleep than the recommended seven hours a night. Another survey by Accountemps, an accounting services firm, put that number at nearly 75 percent in March. Bill Driscoll, Accountemps’ regional president in the greater Boston area, says some sleepy accountants even admitted it caused them to make costly mistakes.”One person deleted a project that took 1,000 hours to put together,” Driscoll says. “Another person missed a decimal point on an estimated payment and the client overpaid by $1 million.
Did those statistics jolt you awake?
Unfortunately, we cannot be there to tuck your folks into bed and make sure they get their full 8 hours of sleep. We can let you know that automation of processes can reduce potential errors and make it easy to uncover them when they do happen.
Using a Contract Management tool will allow you to create workflows, set funding alerts, maintain version control, and stay ahead of risk and variance analysis.
Go ahead, finish watching that late night movie, read another chapter in your book, say yes to just one more round; your contract management system has your back.