Managing various types of entertainment and media contracts from varying locations, often internationally, with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations. Dealing with and tracking a high volume of contracts – from intellectual property contracts to option agreements, among many others - can be tremendously challenging without the right contract management system in place.
Why do you trust your software provider? Is there any specific criteria by which you measure a software system’s trustworthiness in protecting sensitive and confidential data such as PCI (payment card information), PII (personally identifiable information), employee information, client details, vendor data, and vital contract data? With increased risk of data and security breaches, especially during such uncertain times as these, you should be confident that your information is stored on a trusted platform. Read on to learn how to use such a trusted platform, along with the importance of SOC compliance.
The emergence of cloud-based technology has positively transformed the way contract management and procurement professionals have navigated their organizations’ source-to-contract software – but how?