The Evolution of Contract Lifecycle Management
Around twenty years ago, I introduced one of the first contract management solutions to businesses. At the time, it felt groundbreaking—a tool that extended Document Management Systems (DMS) to organize contracts more effectively. This early system included: A Central Repository: A digital space to replace scattered paper documents. Scanning Paper Contracts: Turning physical agreements into searchable digital records. Workflows for Review, Approvals and monitoring of Renewals: Streamlining processes to save time and reduce errors. While revolutionary back then, the solution still faced major hurdles. One of the toughest was the integration with financial systems to align contract data with [...]
