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CreationInitial requests. The contract management process begins by identifying contracts and pertinent documents to support the contract's purpose.Authoring contracts.Negotiating the contract.Approving the contract.Execution of the contract.Obligation management.Revisions and amendments.Auditing and reporting.More items...
Contract management is the process of handling and carrying out a contract's obligations for vendors, clients, employees or others. Some everyday examples of contracts include apartment leases, employment and terms of use for software.
A SharePoint contract management system enables users to preschedule automatic alerts and notifications about a contract's status and its milestones, for example, payment or expiration dates. This feature also allows avoiding unwanted automatic renewal, which is quite common for purchasing contracts.
5 Tips for a Well Organized Contract RepositorySet Up an Online Database. Ideally, the first step in the organizational process is to set up an online contract database.Establish a File Naming Scheme.Create a Useful Folder System.Maintain Selective Sharing.Discard Outdated Items.
3 things not to do with SharePointBuild public facing websites. It sounds harsh but SharePoint websites are simply hard work.Customize the graphic design. Microsoft has, over the years, spent a fortune on the user interface of its flagship enterprise platform.Treat it as a database.