So, you have a centralized contract repository to hold all your legal agreements in one place, where everyone can find them and your legal analysis software can work on each of them. But, how do you know all of your contracts have been added to the repository?
Every organization has a few employees that don't consistently follow best practices and company policies. Contract management is no exception. Contracts get created by employees on the road, at home during a pandemic, or with the help of non-legal experts in other departments. Those agreements then get saved and stored on personal laptop or cloud shares, rather than the approved repository. It's a very common tale.
The first step to correcting that problem is to audit your contract portfolio, then to use that audit to create an organized, maintainable contract repository.
In this eBook, we'll lay out the four steps to perform an effective contract audit, so you can get your company's legal house in order