Business-to-business contracts are becoming increasingly unique and customizable. To help manage these relationships, enterprises should consider adding contract management functionality to their software arsenal. Once a niche product, contract management software is quickly becoming a high-value addition to many enterprise suites.
Who Needs Contract Management?
Contract management software can help enterprises streamline and centralize the administration of various agreements made with business partners. These tools give the enterprise more control over contracts, improve approval and workflow capabilities, help track expiration and renewal dates, and aid in contract compliance. Leading solutions will offer the following functionality: