What is contract tracking?

Contract tracking is the process whereby stakeholders in the contract lifecycle - particularly in legal - are able to know where a contract is in its lifecycle, without having to investigate across multiple systems. Contracts go through several key stages during their lifecycle:

Why should you use a contract tracker?

Contract security can be a real issue, especially when dealing with sensitive information. Tracking contracts allows for better security, as access is limited to authorized personnel, everything can be monitored and recorded, and everyone involved has their eye on the ball. The whole point of a contract tracker is to make workflows more efficient.

What are the benefits of contract tracking?

Make monitoring a document throughout the entire contract lifecycle easier with contract tracking. Mitigate or eliminate risks such as errors, delays and misplaced contracts. Ensure transparency, security and efficiency with contract tracking.