At a time when transparency has become an essential part of business operations, the Internet has become indispensable. The power of the Internet is that it can be reached almost everywhere. All your available information is therefore accessible with a desktop, laptop, tablet or mobile device.

If you say it quickly, you run the risk of simply ignoring the requirement that this part of your Contract Management Software must be fully automated. By full we actually mean the full 100%. Contract management software must completely take over this administrative action.

You can get very busy setting up that directory structure. And you have to keep track of what you have set up. Not having to think about it as a user means that you can also find it easily. We call that Smart Storage.

A multi factor authentication is an authentication method where you have to successfully go through several steps to gain access to something. For example, with the Google Authenticator app you can secure your Contract management application with two factor authentication.

The purpose of ISO 27001 is to guarantee your information security in a process-based manner. What matters is that you, as an organization, deal with data in a professional manner. That is why, to place your contract data with a cloud vendor, an ISO27001 is a requirement.

When a cloud service provider goes bankrupt, is in suspension of payments, or simply decides to terminate a service, as a customer you want to be sure that you retain access to the data and preferably also the application. At least until you find an alternative.