How do you manage and track your contracts?

  • 20 October 2020
  • 1 reply


Hi all,

I don't know if this is the right place, but I'd really like to have your opinion/suggestion on a few things. I am pretty sure a few of you may be able to help me. As you might be aware that every business relies on contracts, so does mine. Even Though my organization doesn't have thousands of contracts to manage, it is hard to follow each one of them. Contract Lifecycle Management (CLM) solution is just not the answer as we have already given a shot at it. We are looking for efficient contract management tools. We have already contacted a few of the contract management software vendors after filtering from the numerous that we found on the internet.

We are looking forward to a contract management system with features like-

  • Contract Management Tools,
  • Increased Contract Visibility,
  • Notify Renewal Date or Negotiation Opportunity,
  • Enhanced Searching Capabilities, and other common basic features.

We are aware that the same contract can have different implications for different teams in our organization. For e.g., the sales team may want to close the deal asap, but the same does not go for the legal team as they'd want to double-check the situation and be thorough to ensure the minimized liability. Naturally, this can cause a conflict between the team. But with the contract management system's central repository of documents and electronic signature, it will become easier for teams to balance their priorities. Summing up, these are a few reasons why I'd like to have the software implemented as soon as possible.

Any suggestions from your end are much appreciated!

Thanks in advance!

1 reply

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