Contract Insights

How many steps should be in a contract workflow? 

The correct answer is: It’s dependent on your organization’s needs. 

There is no set number of tasks for a “perfect workflow”.  You must determine what steps are necessary and in what order they should be executed, establishing the best workflow for your organization to achieve CLM (contract lifecycle management) success.

Contract management software is a must for many different industries. Before the development of contract management software systems, everything was done manually. This obviously had its drawbacks. Contract managers would be forced to store every contract into filing cabinets. Now, if there were just a few contracts this may have not been a major deal. However, most organizations deal with thousands of various contracts, making manual record keeping extremely difficult.