Contracts are binding agreements between two parties. As such contracts are the legal foundation for all enterprise services delivered across various teams. Contracts or agreements can be done with external service providers or internal business units.
Contract Management is an application for storing and managing your agreements and contracts. With this application you have all your contracts electronically saved in one central location. The contractual information you need is no longer behind one person, but accessible regardless of time and place. The Contract Management application allows you to access the relevant contractual information and makes sure you will act on time on renewing or expiring agreements.