7 Sins of Spreadsheets for Contract Management Professionals

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For Contract Management Professionals

The

7 Sins of Spreadsheets



In companies everywhere, contract management professionals are using

spreadsheets to do their work.



In some instances, spreadsheets can provide a useful way to

track information.



However, spreadsheets have a number of limitations−and are

not the best choice for contract management.



The conundrum: Using spreadsheets for contract

management just isn’t cutting it.

But finding a simple and affordable solution is tough.



ContractWorks can help professionals like you overcome

this challenge and free you to do your job more efficiently.



Does any of the following sound familiar? If so, you’re not alone.



Spreadsheets are time-consuming to create, format, and maintain.

1



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.



Spreadsheets are error-prone.

2



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.

!



Spreadsheets don’t scale well.

3



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.



Spreadsheets do not present a complete picture.

4



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.



Spreadsheets are often saved in multiple locations rather than a central repository.

5



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.



Limiting the permissions on a spreadsheet is difficult.

6



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.



Spreadsheets are vulnerable and may be lost, stolen, or compromised.

7



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.



Fortunately, there’s a better way!



Introducing



Helping contract management professionals like you

get their job done.



ContractWorks is the easiest, most secure contract management software with the features you need:

• Secure Storage • Milestone Notifications • Reporting • Quick Search



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.

““



Want to know more about ContractWorks and how it can help

alleviate spreadsheet pain?

Get a Free Trial or take a Demo!

http://www.contractworks.com

7 Sins of Spreadsheets for Contract Management Professionals

Business

sins of spreadsheets

spreadsheets dont scale

summary of contract

spreadsheet data

data accuracy

row of data

rows of data

multiple copies