7 Sins of Spreadsheets for Contract Management Professionals

www.contractworks.com

For Contract
Management
Professionals
The
7
Sins of
Spreadsheets


In companies everywhere, contract
management professionals are using
spreadsheets to do their work.


In some instances, spreadsheets
can provide a useful way to
track information.


However, spreadsheets have a
number of limitations−and are
not the best choice for
contract management.


The conundrum:
Using spreadsheets for contract
management just isn’t cutting it.
But ﬁnding a simple and aﬀordable
solution is tough.


ContractWorks can help
professionals like you overcome
this challenge and free you to do
your job more eﬃciently.


Does any of the following sound familiar?
If so, you’re not alone.


Spreadsheets are time-consuming
to create, format, and maintain.
1


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.


Spreadsheets are error-prone.
2


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.
!


Spreadsheets don’t scale well.
3


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.


Spreadsheets do not present
a complete picture.
4


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.


Spreadsheets are often saved in multiple
locations rather than a central repository.
5


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.


Limiting the permissions
on a spreadsheet is diﬃcult.
6


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.


Spreadsheets are vulnerable and
may be lost, stolen, or compromised.
7


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.


Fortunately, there’s a better way!


Introducing


Helping contract management
professionals like you
get their job done.


ContractWorks is the easiest,
most secure contract management
software with the features you need:
• Secure Storage
• Milestone Notiﬁcations
• Reporting
• Quick Search


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.

“
“


Want to know more about
ContractWorks and how it can help
alleviate spreadsheet pain?
Get a Free Trial
or take a Demo!

7 Sins of Spreadsheets for Contract Management Professionals

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