Colleges, universities, and school systems can encounter unique contract management challenges. Educational institutions manage a large volume of contracts, vendor contracts, suppliers, and providers of goods and services. A disorganized, risk-prone, and slow-moving education contract management system can cause:
- confusion among departments.
- wasted time.
- widened gaps between legal, procurement, and contract administrators within academic systems.
In order to avoid these issues, we need to first address the question. What exactly is education contract management - and how can it be improved with contract management software?