Contract Workflow
Contract workflow is the process of managing contracts and related documents from formation to execution. It typically includes creating, reviewing, and approving contract documents; tracking key dates and milestones; and maintaining records of communication and correspondence.
An effective contract workflow enables organizations to manage their contractual obligations in a timely and organized manner. It can help ensure that all parties involved in a contract are aware of their obligations, improve communication between parties, and avoid potential disputes. There are a number of software solutions available that can help organizations automate and streamline their contract workflow.