The Simple Guide to Optimizing Contract Management Reporting

Contract management is a core competency that provides businesses and organizations with the information they need to control revenue leakage, comply with applicable laws and regulations, and achieve other beneficial outcomes. That is, of course, if contract management is proactive and well-organized. Companies that learn to optimize their contract management reporting throughout the contract lifecycle stand to gain the most from their contract management practices.

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Why Custom Reports Should Be Your Contract Management Secret Weapon

Most management processes rely heavily on analyzing data and tweaking processes to improve efficiency and profitability, and contract management is no exception to this reality. Reviewing both contracts themselves as well as the spreadsheets that summarize the data contained within those contracts is a routine facet of the contract management process. However, for companies that have not yet implemented an online contract database via a custom-built contract management solution, this review process is likely beyond tedious. Creating spreadsheets in certain software may work when dealing with a small portfolio, but these documents are very difficult to maintain as the business expands. Companies seeking to capitalize on their contracting relationships need to invest in a dynamic solution that offers a custom reporting feature. These custom reports just may be the secret weapon to staying on track and here is why:

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How to Create Custom Contract Reports in Under 7 Minutes

For many businesses, their contract portfolios likely contain various types of agreements. Larger enterprises may have the resources to employ separate teams to oversee distinct categories, but smaller businesses probably have a much smaller team handling the entire portfolio. In either scenario, there will be times when certain batches of agreements need to be analyzed. As a result, it is very important to invest in and utilize practical contract management software that offers customizable report creation. With the right business solution, here is how to create custom contract reports in under 7 minutes:

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