Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

7 Sins of Spreadsheets for Contract Management Professionals

Still using spreadsheets to manage contracts? Let's take a look at the top ways they are slowing contract management professionals down- and what you can do about it.

  • Login to see the comments

  • Be the first to like this

7 Sins of Spreadsheets for Contract Management Professionals

  1. 1. www.contractworks.com   For Contract Management Professionals The 7 Sins of Spreadsheets  
  2. 2. www.contractworks.com   In companies everywhere, contract management professionals are using spreadsheets to do their work.
  3. 3. www.contractworks.com   In some instances, spreadsheets can provide a useful way to track information.
  4. 4. www.contractworks.com   However, spreadsheets have a number of limitations−and are not the best choice for contract management.
  5. 5. www.contractworks.com   The conundrum: Using spreadsheets for contract management just isn’t cutting it. But finding a simple and affordable solution is tough.
  6. 6. www.contractworks.com   ContractWorks can help professionals like you overcome this challenge and free you to do your job more efficiently.
  7. 7. www.contractworks.com   Does any of the following sound familiar? If so, you’re not alone.
  8. 8. www.contractworks.com   Spreadsheets are time-consuming to create, format, and maintain. 1  
  9. 9. www.contractworks.com   Spreadsheets are created manually, so somebody has to invest the time to do so. This can take hours, not to mention the time spent updating information when changes occur.
  10. 10. www.contractworks.com   Spreadsheets are error-prone. 2  
  11. 11. www.contractworks.com   Because spreadsheets are created manually, they are bound to contain errors in data. Contract management software, on the other hand, has built-in tools to check data accuracy. !
  12. 12. www.contractworks.com   Spreadsheets don’t scale well. 3  
  13. 13. www.contractworks.com   When a company grows, so does its contracts. This can make spreadsheets especially cumbersome if they contain hundreds or even thousands of lines of information.
  14. 14. www.contractworks.com   Spreadsheets do not present a complete picture. 4  
  15. 15. www.contractworks.com   Spreadsheets only contain a summary of contract data. If you need to reference the original contract−you guessed it− you need to go find it elsewhere.
  16. 16. www.contractworks.com   Spreadsheets are often saved in multiple locations rather than a central repository. 5  
  17. 17. www.contractworks.com   Many people will need to access spreadsheet data. This makes it likely that multiple copies are stored in various places, leading to mistakes, redundant actions, and wasted time.
  18. 18. www.contractworks.com   Limiting the permissions on a spreadsheet is difficult. 6  
  19. 19. www.contractworks.com   Spreadsheets don’t contain different levels of viewing permissions. If somebody can see one row of data on the spreadsheet, they can see all rows of data. This can be a problem if confidentiality is a concern.
  20. 20. www.contractworks.com   Spreadsheets are vulnerable and may be lost, stolen, or compromised. 7  
  21. 21. www.contractworks.com   Spreadsheets are often saved on hard drives, and we all know that computers crash and files get lost. Spreadsheets can also disappear with employees or inadvertently end up in the wrong hands, compromising all contract data.
  22. 22. www.contractworks.com   Fortunately, there’s a better way!
  23. 23. www.contractworks.com   Introducing
  24. 24. www.contractworks.com   Helping contract management professionals like you get their job done.
  25. 25. www.contractworks.com   ContractWorks is the easiest, most secure contract management software with the features you need: • Secure Storage • Milestone Notifications • Reporting • Quick Search
  26. 26. www.contractworks.com   Ease of use makes this product stand out. Our previous solution was so difficult to implement and use that nobody in the office wanted to take the time to do it. With ContractWorks, anyone can login and begin using it from day one. Colin  McCarthy   Contracts  Paralegal,   Sonos,  Inc.   “ “
  27. 27. www.contractworks.com   Want to know more about ContractWorks and how it can help alleviate spreadsheet pain? Get a Free Trial or take a Demo!

×