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Most companies likely conduct a majority of their affairs in a virtual manner, with less and less reliance on the need for physical copies of forms and documents. Although some industries or firms may still prefer an inked signature on the final version of an important contract, there is really no reason to mandate this outdated practice anymore. With the right cloud-based contract management solution, it can be faster, cheaper, and safer to manage a company’s contract portfolio. And, this is not restricted to just drafting or saving a batch of contracts but includes the signature phase of the contracting lifecycle as well. Here are five reasons to use electronic signatures for contract management: