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5 Tips for a Well Organized Contract Repository Set 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contract database.Establish a File Naming Scheme.Create a Useful Folder System.Maintain Selective Sharing.Discard Outdated Items.

Four keys to developing and implementing a new contract management system Assess the current state of contract management.Get sponsorship from senior leadership.Engage internal business partners.Strategically manage the process by engaging the people.

Four keys to developing and implementing a new contract management system Assess the current state of contract management.Get sponsorship from senior leadership.Engage internal business partners.Strategically manage the process by engaging the people.

The Contract management process includes a contract request or initiation, authoring, negotiation/redlining and approval stages, execution and signature as well as obligation monitoring, renewals, amendments and expiration.

How to get started managing your contracts using Excel 1) Identify key fields.2) Identify what you can auto-calculate in your spreadsheet.3) Identify what you'll need to manually add.4) Identify what you'll need to manually update.5) Set up your spreadsheet.

Historically, contracts have typically been stored in two ways: as physical documents in a filing cabinet, or as static files on a shared drive.

A contract management system offers the ability to create templates for contracts, store electronic signatures, and track contract performance. By understanding your needs and the benefits of each system, you can decide which system is best for your company.