A new school year brings a new wave of contracts, leaving contract administrators and procurement professionals juggling hundreds, or in some cases thousands, of contracts annually. This sheer volume of contracts brings tough challenges for community colleges such as lost contracts, lack of version tracking, and minimal visibility.
Contracts can play a crucial role in running your organization. Contract management expertise alone isn’t enough for organizational success if your team is left wading through spreadsheets and time-consuming, error-prone, manual document management processes.
Many organizations understand the potential value, positive impact, and negative impact of their contracts. They reach a point where they’re committed to creating a strategic contract lifecycle management process that’s supported with the right contract software, tools, and people.