The COVID-19 pandemic has left educational institutions in a state of disarray. In such unprecedented times, education contract managers - especially when overseeing contract management teams remotely - cannot rely on antiquated education contract management procedures. Amidst such unforeseen circumstances caused by the COVID-19 pandemic, education contract managers can learn how to leverage the following key digital contract management processes within a scalable and centralized contract lifecycle management system to maximize their contracts’ value and optimize their workflow.
Manual drafting processes, unsystematic document and contract storage, and workflows involving emails and phones lead to contract lifecycle bottlenecks, wasted time, and squandered opportunities. Contract management software can help alleviate these issues so that education professionals can take control of their contracts and “ace” contract management best practices.
School systems, colleges, universities, and other education institutions are choosing to implement contract management software to create better transparency and a streamlined process.
Paralegals, legal counsel, procurement specialists, executive assistants, and other education professionals often have a significant number of contracts laying around. Finding a specific document can be a hassle due to the manual search across shared drives, stored files, and other possible locations. Manually creating a new contract usually results in searching for specific clauses and absorbing the whole day due to an unorganized process. Wouldn’t it be easier to have all your contracts stored in one searchable repository? That way, when it’s time to create a new contract, all you need to do is click a few buttons and the correct terms and clauses are pulled together for you.