How to manage a contract on end date

Reading Time: 10 minutes

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Introduction

Managing contracts is not difficult at all. But it is incredibly important that you have a good grasp of the basics. Start with managing a contract at the end date. Unfortunately, that is precisely what often goes wrong in organizations. That is why we have written an eBook that answers the following important questions: What is the importance of managing contracts by expiry date? Why do many companies fail? How can you manage contracts by end date?

Summary

To prevent unnecessary risks and costs and to gain a better view of your agreements, you want to be able to manage contracts on their end date.

Many organizations mistakenly believe that you can manage the end date of a contract by keeping a list in Excel or Outlook.

But lists don't send notifications, quickly become outdated, can get lost and simply take too much time.

Contract Management eBook: How to manage a contract on end date

Notification Contract Management Excel Enddate Cloud Contract Owner Negotiation Notice Period Return on investment Retention Period

What is the importance of managing contracts by end date?

Why are companies unable to manage a contract by end date?

Reading Time: 10 minutes

Content eBook

What is this eBook about

What is the importance of managing contracts by end date?

We won't mention names. But we know organizations that lost hundreds of thousands of euros because they simply forgot to cancel a lease. A timely e-mail to the responsible manager could have easily prevented such drama.

Why are companies unable to manage a contract by end date?

Why then do so many organizations have problems with it?

They work with Outlook, Excel or other registration software. If you then examine those programs carefully, you will come to the conclusion that they are not made for managing contracts at all. You can state the end date of a contract somewhere in a list, but then you need a lot of discipline to view that list on a regular basis.

Timely notifications

A timely e-mail to the responsible manager could have easily prevented a drama.

Use the right software

Many organizations mistakenly believe that you can manage the end date of a contract by keeping a list in Excel or Outlook. But lists don't send notifications, quickly become outdated, can get lost and simply take too much time.

Contract Management Solution

That is why it is smart to find a Contract Management solution that sends a notification to the right person at the right time. This person must be able to access the contract information directly regardless of his location, which is why a cloud solution is recommended.