Build and Lead a High-Performing to Contract Management Team
A contract management system (CMS) is a structured approach for managing the production, negotiation, execution, and storage of contracts. These systems handle various types of contracts, such as Non-disclosure Agreements (NDAs), Master Service Agreements (MSAs), and Procurement Master Agreements (PMAs). CMS can be either manual (relying on paper documents) or digital, with mostly paperless operations. Digital CMS offer benefits like risk mitigation, optimized time to execution, and secure storage.