What is SOW software, and why does your business need it?
When you hire a contractor for a project or commit to a project as a service provider, you must understand expectations completely. You don’t want to realize halfway through a project that you aren’t meeting standards or deadlines no one bothered to specify. Avoid the worry by using statement of work (SOW) software to save time and money.
Read on to learn what a good SOW includes and how SOW management software can make working with these documents easier.
What is SOW software?
What is an SOW? Simply put, an SOW lays out all the terms necessary to successfully complete a project. Whether you’re remodeling a kitchen, creating a website, or programming a phone app, this document sets the expectations for everyone involved.
As your business grows, keeping track of all your active projects and their related SOWs can take time and effort. SOW software (also known as statement of work software) is a computer program that helps you create, send, and manage your SOWs. It lets you check the status of your documents and makes managing them less time-consuming — and time is money.
Benefits of using SOW software.
Using SOW management software offers many benefits, including:
- Process efficiencies
- Accuracy improvements
- Collaboration improvements
- Risk mitigation and compliance
- Detailed reporting
- Workforce management
- Cost savings opportunities
SOW software features to help your business.
Good SOW software should contain useful features to help you simplify your business workflows, such as:
- Templates — create SOW templates that can be modified per project
- Content library — store scope details for reuse across multiple SOWs
- SOW creation process — select individual SOW content items without requiring any manual copying/pasting
- Resource integration — import a variety of documents, images, videos, and complicated data types, such as charts, tables, and graphs
- Content export — export SOWs for distribution
- Project tracking — monitor the status of SOW projects, schedules, and deliverables
When is the right time to implement SOW software?
SOW software can be implemented at any time. But ask these questions to know if making the switch is right for you:
- What is the maturity of your company?
- What is the current SOW process and organization structure?
- Are SOWs managed in a central location?
- Do multiple team members need to handle SOWs?
- Does the personnel overhead cost of managing SOWs outweigh the cost of software?
- Do your projects include a clear vision, detailed requirements, and tight deadlines?
- Does your current process experience errors, inconsistencies, or inaccurate data?
E-signature management with SOW software.
Adobe Acrobat makes it easy for you to send and request signatures for SOWs.
It integrates seamlessly with your other work software and allows you to create SOW documents without any extra hassle. Use the Acrobat tracking feature to monitor the progress of your outstanding SOWs.
Discover how Acrobat for business can help your business grow.