Many times Excel is an invaluable tool but unfortunately used for the wrong task.
Using Excel for contract management is exactly the sort of thing that the popular software is not designed for.
There is a saying that goes: "If a hammer is the only tool you use, then every problem looks like a nail". - If you think the same way in the IT world, it means that you try to solve all problems with the help of Excel.
What we mean is that Excel is a really excellent tool, but it just shouldn't be used for contract management.
Why is excel not the best tool for contract management?
- Excel does not send automatic reminders, which may cause you to miss a renegotiation or termination.
- It is time-consuming to maintain an up-to-date Excel file with contract information and there is a high risk that the data will be incorrect if several people fill in the Excel file.
- Excel is not a repository for documents and does not handle revisions, which can result in many hours of work to figure out what actually applies.
- An ordinary file can be damaged by viruses, lost or destroyed if the computer it is stored on simply crashes. Of course, many people make backups, but how many times have you lost or accidentally overwritten a document?
For these simple reasons, we think that everyone deserves a tool that is more suitable to contract management, so that you get full control over the contract situation and can get the most out of your contracts. A service that sends reminders and notifies you when things need to be done - in a safe and secure way.
Contact us or try our service completely free - you will be surprised how easy it is to manage contracts!