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Updated by André Salomons on Sep 25, 2015
Headline for Contract Management on SharePoint
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Contract Management on SharePoint

Lists the benefits SharePoint has over using a 3rd party, non-SharePoint solution to manage the life-cycle of your contracts.
No company can survive without proper contract management

Source: http://www.smartsharepointsolutions.nl/en/legal-platform/contract-management-with-sharepoint.aspx

Contract management on SharePoint

A new way to manage all your contracts Are one or more situations applicable for your organisation? Do you have many contracts? Are the contracts registered on one or more Excel sheets? Did you forget to timely end or renew a contract? I.e a lease or rental contract...Manage your contracts

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Access

Access

More often than not, contracts need to be managed and acknowledged by internal users. These contracts should be located on an area of the Intranet. However, quite often you may wish to make them visible to partners, contractors who are external to your organization. SharePoint can be configured in such a way that these users can also gain access to the policies, without compromising security.

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Security

Security

Contracts may only be viewed, edited and deleted by the correct groups of staff. This may change over the life-cycle of the contract. SharePoint allows documents, libraries, lists, sites to be secured by adding people to groups. These groups can be built from Active Directory groups.

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Collaboration

Collaboration

SharePoint has a multitude of ways to help teams work together. Within 5 minutes a SharePoint site can be created to allow staff to have discussions, create documentation on wikis, manage tasks, calendars links. All of this can benefit from built in security ensuring only those that are supposed to contribute and / or view can.

Manage company data on SharePoint

With information of the address and first contact, including phone number when you hoover over the pinpoint of that organization, makes it easy to contact people. Automatic updates of the organization charts accros the legal structure and geograpical spread are made. Shareholding percentages are displayed in the organisation chart.

Business case Contract life cycle management (nl)

Reference case Lamb Weston Meijer. English version will be published soon.

Microsoft Case Study: Microsoft Office 365 - Lamb Weston Meijer

Lamb Weston / Meijer (LWM) was looking for a solution that would provide central and structured management of their contracts and other legal documents. Until last year, these records were still being stored in traditional Windows files and metal filing cabinets.
Contract Life Cycle management app by Financial suite

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Penetration

Penetration

Microsoft announced that SharePoint now generates revenue of over 2 BILLION dollars a year. If it were a company it would be in the top 10 of the world. Its used used in roughly 80% of the Fortune 500. It's number 1 and it's getting better! There's a good chance you already have it and can use it to start managing policies and procedures today.

7

Auditing

Auditing

SharePoint ships with auditing capabilities out of the box, although they need to be configured and turned on at both the site collection and site level. Once they are configured at this level it’s then possible to configure at the list containing your contracts. This way you can monitor the contracts such as who opened, moved, edited, deleted a contract. Every change is added to the contract information.