Contract Tracking Software

Contract management software allows organizations of all sizes and kinds to create, store, and manage contracts throughout their entire lifecycle. Contract management software typically includes a suite of modules that helps users to manage contracts from initial review to final approval and execution. Modules may include an approval process, a document management system, contract template management, and contract performance monitoring tools.

Contract management software automates the creation, tracking, and monitoring of contracts. Professionals, such as salespeople or account representatives, who are involved in the negotiation aspect of contracting are tasked with defining terms and service level agreements, amending agreements, and executing contracts. Legal departments on both sides of a deal participate in the contracting process to ensure compliance with laws and regulations as well as with internal company rules.

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