The contracting process is a continuous cycle, and for most companies, there are likely a number of contracting cycles occurring simultaneously. Depending on your company’s resources and capabilities, your legal team is likely tasked with overseeing a rather voluminous contract portfolio.
Managing complex contracts without purpose-built software may be feasible in the beginning, but as your business grows and more contracts are added to the portfolio, relying on a spreadsheet or some other manual system will not suffice.
Contracts are vital business assets and must be treated accordingly. This requires implementing a coherent contract management strategy and utilizing contract management software to facilitate oversight and streamline productivity.
Selecting a contract management solution can be a daunting task. There are many different software providers available, all with different features, and it can be hard to know where to start.
We created this guide to help you evaluate your organization’s current contract management process and understand if purpose-built contract management software could help, and to share best practices for implementing and choosing the right software.
This guide will cover:
- The Contracting Cycle
- How Companies are Managing Their Contracts
- Primary Problems of Poor Contract Management
- Contracting Goals
- Specific Indications it is time to invest in software
- Different Contract Management Options
- Selection Best Practices
Plus, you will receive a complimentary Contract Management Software Selection Checklist to use during your selection and implementation period.
Use this guide to evaluate your current contract management process and learn best practices for vetting the right software for your company’s needs.
To download your free guide, click here.