Contract management
Contract management is the process of creating, storing, executing, and monitoring contracts throughout their lifecycle.
Contract management covers the full lifecycle of a contract, from drafting and negotiation to signing, execution, renewal, and expiry. In SaaS and subscription businesses, effective contract management ensures compliance, reduces risk, and supports accurate billing.
Example: A company uses contract management software to track renewal dates, flag expiring agreements, and ensure billing aligns with contracted terms.
