since excel is one of the most accessible and widely-used software platforms globally, many businesses use it to record and collect the data contained in contracts – but the adoption of excel by lawyers still isn’t universal. despite these efforts, once a contract is finalized, stakeholders sometimes fail to properly monitor and oversee the agreement’s implementation. if you’re looking for a simple way to move from nowhere to somewhere in terms of contracts, then excel can play a useful role during the contract management lifecycle. effective contract management in excel requires rigour and an awareness of critical dates related to specific milestones within the agreement.
excel has various capabilities that can be leveraged for contract management – if used correctly, it can keep tabs on the number of contracts, calculate the costs of each contract, and even track workflow. while a free template can get you started, it is not usually a long-term solution for the creation, agreement, and management of the contracts generated by a growing business. do you need a more robust contract management solution that will automate the entire process from contract creation to signature, storage, and beyond? here’s a summary of how we protect your data and respect your privacy.
– here’s what we’ll cover: we recommend using a robust contract management tool when you can – but we accept that in some cases, excel might just do the job. for example, if you’re tracking a contract value, you’ll need to manually add the value for each contract you enter into your spreadsheet. for example, you might require that every time a contract is signed, the contract manager will immediately add the contract into your spreadsheet. your sop needs to be comprehensive – it’s a bit grim, but you should work using the ‘what if i’m hit by a bus?’ rule and ensure anybody in your organization can pick up your contract spreadsheet and use it!
prepare for a whole new workflow, using different tools you’ll be trying to keep in sync with that trusty spreadsheet. you can create a pivot table in excel if you want to sum total contract values for one supplier, for instance. for a more flexible way of protecting your contracts in excel, you could lock down certain sheets or cells. if you value your time, this might be a good option.
if you’re not ready for contracts software, can an excel contract management template help? use this free spreadsheet template for contract management. the contract hound guide to keeping track of contracts in excel. includes contract management templates, tips and formulae to help! find tips and download free contract management templates in microsoft excel and word, google sheets and docs, and adobe pdf formats., contract management template excel free download, contract database template, contract database template, free contract management templates, contract management dashboard.
our contract management excel template is designed to help you organize, manage and analyze your existing contracts. excel is a great tool for this as it allows get the only excel template for contract management that lets you easily track contracts, expiration dates, keep track of due dates and show different excel contract templates for contract lifecycle management and more we will assume that you already have a contract (or several) that are in, contract tracking software, smartsheet contract management, contract tracker, contract register template, contract management checklist template, contract management database fields, contract management tools free, excel contracts, excel templates, contract lifecycle management.
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