What is a Contract Management System? How Popular Are They?

In SpringCM’s third annual State of Contract Management, they report that only 32% of survey respondents are using a contract management solution, up 6% over last year. Contract Management Systems provide an organization with the means to securely write or upload contracts, distribute the contracts, monitor activity, manage edits, automate the approval process, and aggregate contract statistics for reporting. It’s not surprising, but it is alarming that a vast majority of corporations send contracts via