Contracts and agreements are not only taken care of in Legal. They are also in:
Contracts and agreements are everywhere. And being handled by many different people.
With agreements being handled by many people in many departments, chances are that internal rules — including delegation of authority — are ignored. The same applies to external legislation.
When you monitor deadlines and milestones manually, you are bound to miss some.
Agreements are not cancelled or renegotiated in due time and suddenly you are in for another year of maintenance or stuck with the wrong price.
You waste time looking for lost or misplaced documents or just the most recent version of a contract.
If you have colleagues working in different offices or time zones the challenges just get bigger.
When contracts are handled manually, people tend to make personal copies. That costs lots of time and money.
Add to that costs of mistakes caused by local copies not being up-to-date.
Sensitive business information in contracts and agreements is scattered throughout your company:
It is not well protected against loss or from prying eyes.
This is perhaps the most disturbing challenge; no one has the full overview of your contracts documenting your
Streamline how you manage your company's contracts and agreements with our ready-to-go software solution — Next® Contracts.