If you are in a business where you are required to sign a lot of contracts whether the contracts are with your customers, with your vendors or with your employees then you will likely need a reliable way to keep track of all those contracts. Infact, most business will have atleast 10+ contracts to store and keep track of. One of the easiest and efficient ways is to go for a Contract Management Software offered as a service.
While there are multiple softwares available in the market, its important to choose the one that fits your needs, has a easy user interface and is affordable. Most of the Contract Softwares in the market are usually the ones that will help you track the contract signing process and to track the revisions.
However, if your needs are just to store the contracts and keep track of them after the contract signing process, there are only very handful of Contract Management Software that does the job well. Here are some of the features you should keep in mind when you select a Contract Software for tracking and storing your contracts:
- Easy to use
- Price Affordability
- Annual vs Monthly contracts
- Timely support
- Date reminders
- Multiple user access levels
- Ability for super users to retrieve deleted files
- Software as a Service vs Installed Software