What are the main problems in contract management?

The traditional contract management method is to manage the contract manually, that is, to manage the counter by a special person or to manage the contract by using Word and Excel. However, due to the numerous departments involved in the contract and the different contract elements to be managed, the traditional manual management method has some problems such as low management efficiency, time-consuming and laborious, as follows:

1. The document is difficult to manage and is not convenient to consult.

In traditional contract management, there are paper contracts and electronic contracts. When enterprises need to refer to previous contracts to make decisions, it is very inconvenient and time-consuming to find them.

2. The format is not uniform, and it is difficult to summarize information.

When using manual or EXCEL management, because the data formats of different departments are not uniform, the summary work takes too much time and there is the risk of human statistical errors.

3. It is easy to be tampered with and damaged during storage.

The contract involves the core business secrets of the enterprise and should be carefully kept. However, the traditional manual management is easy to be tampered with, stolen and damaged, which brings economic risks to enterprises.

4. Lack of early warning mechanism for key nodes

The manual management contract lacks the early warning of key nodes such as contract progress and payment settlement, and can not prompt managers to sign it in time, and can not accurately predict possible revenue and expenditure items in the near future.

Compared with manual contract management, contract management system. Contract management system is an all-round and systematic contract management platform based on information technology and applying the advanced management ideas of modern enterprises to provide enterprises with decision-making, planning, control and performance evaluation.