One of the biggest troubles with the traditional management of contracts is that it’s heavily reliant on a paper system. While having physical documents is the best for assuring legitimacy, the trouble with these is that it’s incredibly prone to damage and loss. No matter how well kept a physical document is, its ink is prone to fading over time—which can be potentially problematic if a lawsuit is asking for your company’s documentation!
Through digital contract management, you can assure that all documents have back-ups upon back-ups—and there’s very little chance of them getting lost! Damage to a digital document, while probable, is highly unlikely to happen, meaning your files will stay safe and intact for years to come.