Most companies know that they need to keep track of contracts. The challenge is, they just do not know how. Usually someone is given the task of tracking contracts but they are not given direction or resources so they do the best that they can.
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For those of you who have been involved in the negotiation of contracts, you know that coming to terms with the other party is often easier than your internal process of contract creation, review and approval. It’s sad when you can agree with another party quickly and then get bogged down internally. If you answer yes to any of the following, you have a contract processing problem:
In search of an online document management solution to replace their manual contract management system, our international non-profit client chose DocuVantage OnDemand®. This organization provides their healthcare services to over 30 different countries and wanted a solution that would provide accessibility to their documents from both domestic and international locations. More specifically, the non-profit was in search of a solution that would: