While working in SharePoint, Content Types is something you would have heard often. In fact, everything in SharePoint revolves around Content Types. For that matter, you have been unknowingly using it ever since you started using SharePoint.
Are you still storing your business critical contracts in databases or shared drives ? This scattered and unorganized storage of contracts result in misplaced agreements, lost business opportunities, missed renewal dates, penalties and much more. Organizations with a poor Contract Management System lose 9.2% of revenue every year.
With the evolution of digital workplaces and increased regulations, Vendor Management is considered as part of overall business strategy. Progressive organizations are adopting efficient Vendor Management programs.Numerous organizations rely on multiple third-party solutions to manage vendors and contracts. However, managing these third-party software can get really complex and chaotic.