What is Contract Management System?





Contract Management System is a well designed sequence of computer programs which are often deployed in a distributed cloud or hosted environment that manages contract metadata and attached documents, indexes all metadata and document contents, assists in creating linkages between the contract metadata and contract documents and helps automate the contract lifecycle process to efficiently search, sort, store all legally binding agreements between one or more counter parties providing the ability to receive expiry alert notification emails, perform complex workflow process and thus mitigating risks.