Many people realize that they have a challenge with managing contracts. Usually as a result of something bad happening. A cell phone contract auto-renews at a high rate, a lease renews but they are moving to a new office. Once they realize the problem they quickly turn to Excel. It is easy to type information into the columns. Usually, the vendor name, the type of contract, the start and end dates, and maybe who is responsible for the contract.
In sorting out the master spreadsheet issue, they discover that contract deadlines are still being missed. No one seems to remember to check the spreadsheet to see what is expiring. They also discover that on some of the contracts that they are creating there are multiple copies of the file and they can’t figure out which file is the latest version. What a mess, now they are digging through emails to try to figure it out.
Just about everyone has experienced or is experiencing this scenario. The scene plays over and over from small businesses to large corporations.
Now that you are nervous and fearing for your job, how do you fix it? It’s easy, you use a cloud based contract management solution. It is very cost effective and does not burden your IT team.
How does a contract management solution help? Here are just a few of the ways:
Contact us using the request form to find out how organizations no longer have to deal with this challenge. Once you try it you will never go back!