Archiving contracts
Effective contract management for archiving contracts
Archiving contracts is an important part of the digital contract lifecycle management. It refers to the audit-proof, long-term storage of contracts and their associated documents. The retrievability of contracts is often mandatory for companies and digital archiving of contracts is therefore often very beneficial. Digital storage can have the following benefits as a result:
- The adherence to legal obligations and compliance guidelines
- The reduction of paper costs and space requirements
- Improve the overview and transparency of all contracts
- Increasing security and data protection
- Streamline contract processes and collaboration
To ensure effective archiving of contracts, organizations need a suitable software solution that offers the following features:
- The automatic document recognition and filing
- The automatic recognition and linking of document values and contracts The ability to send, receive, and file documents via email Workflow management and task assignment
Digital contract management mapped in contract lifecycle
- Creation/negotiation
- Review
- Approval
- Management
- Fulfillment
- Controlling
- Extension/ Supplementation
- Archiving
TQG businessApp cloud platform - that's in it for you!
With smartLCM contract management (the modular applications software TQG businessApp cloud platform from TQG GmbH) you can simplify, accelerate and improve the archiving of your contracts. You can thus benefit from the advantages of the digital contract lifecycle and increase your competitiveness.