In today's enterprises, contract management means a lot more than creating a repository where people can store documents. Answer these questions to begin thinking about whether your contract management system is meeting the organization's needs.
When your legal team updates required provisions in a class of contracts, can you automatically update contract templates across the enterprise?
Does your contract management system send automatic updates to project owners as milestones approach, and escalate alerts as critical deadlines approach?
Does your contract management system automatically insert required contract language based on the type of contract being authored?
Does your contract management system allow you to program dynamic business rules into a contract template?
Does your contract management system route contracts for approval based on their value?
Based on your responses, it looks like your contract management system has a lot of room for improvement.
Download our eBook on risk and contract management to learn more.
It looks like you’re on the right path for effective contract management. With the basics covered, now’s the time to start thinking about how you can start using your contracts more strategically. This free eBook is a great resource for thinking about contracts differently.
Great news! Your needs assessment shows your contract management process is on point. If you think there’s still room for improvement, our contract management specialists are always happy to assist.