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Contracts help define the scope and expectations of business-to-business relationships, in multiple critical areas, such as employment contracts, vendor agreements, sales contracts, and strategic partnerships. For many companies, however, these critical records and documents are not easily accessible. Too often contracts are signed and then filed away – only to be forgotten until an emergency arises. This results in a major pain point for enterprises large and small. Without easy access to centralized contract records, key business-to-business relationships cannot be managed. Actively managing contract information reduces financial risk from unnecessary expenses, unmet deliverables and missed milestones.
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