7 Sins of Spreadsheets for Contract Management Professionals
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Transcript of 7 Sins of Spreadsheets for Contract Management Professionals
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www.contractworks.com
For Contract Management Professionals
The
7 Sins of Spreadsheets
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www.contractworks.com
In companies everywhere, contract management professionals are using
spreadsheets to do their work.
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www.contractworks.com
In some instances, spreadsheets can provide a useful way to
track information.
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www.contractworks.com
However, spreadsheets have a number of limitations−and are
not the best choice for contract management.
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www.contractworks.com
The conundrum: Using spreadsheets for contract
management just isn’t cutting it.
But finding a simple and affordable solution is tough.
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www.contractworks.com
ContractWorks can help professionals like you overcome
this challenge and free you to do your job more efficiently.
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www.contractworks.com
Does any of the following sound familiar? If so, you’re not alone.
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www.contractworks.com
Spreadsheets are time-consuming to create, format, and maintain.
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www.contractworks.com
Spreadsheets are created manually, so somebody has to invest the time to do so. This can take hours, not to mention the time spent updating information when changes occur.
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www.contractworks.com
Because spreadsheets are created manually, they are bound to contain errors in data. Contract management software, on the other hand, has built-in tools to check data accuracy.
!
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www.contractworks.com
When a company grows, so does its contracts. This can make spreadsheets especially cumbersome if they contain hundreds or even thousands of lines of information.
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www.contractworks.com
Spreadsheets only contain a summary of contract data. If you need to reference the original contract−you guessed it− you need to go find it elsewhere.
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www.contractworks.com
Spreadsheets are often saved in multiple locations rather than a central repository.
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www.contractworks.com
Many people will need to access spreadsheet data. This makes it likely that multiple copies are stored in various places, leading to mistakes, redundant actions, and wasted time.
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www.contractworks.com
Limiting the permissions on a spreadsheet is difficult.
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www.contractworks.com
Spreadsheets don’t contain different levels of viewing permissions. If somebody can see one row of data
on the spreadsheet, they can see all rows of data. This can be a problem if confidentiality is a concern.
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www.contractworks.com
Spreadsheets are vulnerable and may be lost, stolen, or compromised.
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www.contractworks.com
Spreadsheets are often saved on hard drives, and we all know that computers crash and files get lost. Spreadsheets can also disappear with employees or inadvertently end up in the wrong hands, compromising all contract data.
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www.contractworks.com
Helping contract management professionals like you
get their job done.
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www.contractworks.com
ContractWorks is the easiest, most secure contract management software with the features you need:
• Secure Storage • Milestone Notifications • Reporting • Quick Search
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www.contractworks.com
Ease of use makes this product stand out. Our previous solution was so difficult to implement and use that nobody in the office wanted to take the time to do it. With ContractWorks, anyone can login and begin using it from day one.
Colin McCarthy Contracts Paralegal,
Sonos, Inc.
““
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www.contractworks.com
Want to know more about ContractWorks and how it can help
alleviate spreadsheet pain?
Get a Free Trial or take a Demo!