What are the difficulties in contract management? Why contract management?

1) Difficulties in document management: There are both traditional paper contracts and electronic contracts, but it is not convenient for different people to find reference contracts when they want to read them. Especially when leaders need to know the contract text, it takes a lot of time.

2) Difficulty in schedule control: Due to the large number of contracts and many participants, manual and ordinary word and excel management can hardly meet the development needs of the company, and there are great obstacles for leaders to understand the overall situation or the whole process of the contract. The payment basis of financial personnel is also closely related to the progress, but there are also obstacles.

3) Difficulty in summarizing information: when using manual or EXCEL management, the data formats of different departments are not uniform, so it is impossible to continue the collection in time, and the summary work takes a lot of time and is not necessarily accurate. It has a certain influence on the decision-making time of leaders.

4) Lack of early warning mechanism: lack of early warning for key nodes such as contract progress and settlement, unable to accurately predict possible revenue and expenditure events in the near future, unable to help the company carry out financial planning, control cash flow and give full play to capital operation.