Managing the content of a contract
First, let's start with managing the content of one contract so we can let you experience in simple terms how to solve this.
1. Stakeholders
In theory, contracts are not for one specific stakeholder such as buyers, general managers, facility managers, salespeople or finance staff. Contract management software must therefore be aimed at all types of stakeholders. Each and every one of them should be able to identify with software.
2. The Content
A single contract may have several issues that the owner believes should be made manageable. Examples include penalties, reporting, bonuses, payment arrangements and indexations.
3. Customization per contract
So the game of managing and controlling the content of contracts starts with your first contract. It's the tension between managing content of your contract and the person who plays an active role within managing it. So you must not get limited by the contact management software. Nor should you be confused by components that have nothing at all to do with that contract. You build up managing the contract on a contract-by-contract basis so that unnecessary information does not have to be added.
Industry leaders find success with Mochadocs
Just some companies that use our contract lifecycle solution
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Contract Management Hub is one piece of Mochadocs complete CLM platform to help your business comply better with your commitments. Each product is powerful alone, but they’re even better when used together.