Don’t Let Contract Renewals Get Away from You In the world of contracts, deadlines equal penalties if you don’t meet terms and conditions. But with the SharePoint Contract Management software your business gets to alert the right people at the right time when it’s time for a contract renewal. If only life were that easy however. Oftentimes, renewals may require amendments to the original clause in the form of additional legal documents and Statements of Work (SOW). Workflows become complicated and difficult to keep up with. However, using the SharePoint Contract Management System, these amendments are easily tracked and contained in the centralized portal while adhering to the same approval process as the original contract.
Out with the Old in with the New Imagine trying to keep track of a renewal, plus the amendment and associated audit trails strictly be manual recall? Hours would be lost as e-mails are checked, file servers turned upside down, and notebook pages scattered while trying to piece the workflow together. It’s why so many companies lose sight of contracts in the first place and are subject to penalties. Using the SharePoint Contract Management platform, it’s time to say no to missed opportunities and yes to crucial revenue prospects. Your vendors will thank you, your clients will thank you, and so too will the Legal department.