Often companies lose at some point and a certain volume track of their contracts. This is not unwillingness or inability, but a purely structural problem. In an everyday business contract document can be viewed and edited by employees from different departments. Therefore, they circle, sometimes as the original, sometimes as a copy - but with current content than the original - resistant by a company. This acts Tourism then causes problems when sometime know just individual departments or even individual persons on the whereabouts of a contract file notice.
This means that the current affected employees or departments do not or only partly present contracts. This leads to further problems periods are not diagnosed or not complied with dates. The lack of transparency, the legal department and risk management may be able to contract negotiations not useful and accompany it comes to adverse financial statements for the company. Finally, the reporting is compromised because the contracts have to be gathered in tedious and may result in the non-transparent contract history to incorrect or outdated reports. The evaluation and comparison of contract volumes are indispensable for an efficient controlling.
