3 Takeaways from the 2018 State of Contract Management Report - EMEL

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Wednesday, August 29, 2018

3 Takeaways from the 2018 State of Contract Management Report

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3 Takeaways from the 2018 State of Contract Management Report

By Katie Gutwein, August 29, 2018

Whether you're talking about the advent of pop-up retail, the explosion of the sharing economy, the widespread adoption of cloud computing or a number of other big tech and work trends that have popped up over past few years, it's clear that there have been some big changes in how people work and play.

One big impact of these trends is that business is conducted faster than ever.

And while employees, companies and customers alike have undoubtedly noticed changes thanks to these new trends, there's also been a big back-office development. It's a change not so obvious to the end-customer, but it's one that plenty of businesses are feeling; more contracts.

That's right, more contracts – and more detailed contracts; contracts that need to be viewed by more people, more frequently, across more different enterprises. And contracts that need to be stored securely while also kept conveniently available online.

This new contract management world is a big part of the story that's told in SpringCM's 2018 State of Contract Management Report. Companies at the larger end of the SMB spectrum-on-up through massive enterprises are having a realization -- the only way to achieve optimal efficiency managing contracts is through utilizing the right kind of automated contract management solution.

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