In my last post, I began discussing the problems with homegrown contract management systems. While companies often opt for these solutions because they assume they’ll be cheaper and easier to implement, that’s not the case.
Instead, homegrown contract management systems often cost companies valuable time and money, and then when implemented, lack the breadth needed to effectively manage contracts throughout the organization. If those reasons weren’t enough, here are the final three points describing why companies should avoid in-house contract management solutions.
3. Lack of integration with third-party systems
Many employees in today’s workforce have come to expect a certain level of ease and usability...