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Very simple: this is the place to store your contracts and search them easily. According to the words that it contains, for example. A very convenient function compared to storing and searching for the necessary documents in paper form. It is important for a contract repository to be safe and to easily find contracts - that's it. So when looking for or installing a CLM system make sure the developers provide such repository. I can recommend Parley Pro CLM (you can get a free trial here: parleypro. com and make sure that you are comfortable using their storage and lots of useful functions). So I'd rather say that a searchable and safe repository is important if you don't want to spend time looking for a necessary contract and to keep them secure.

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Milan Hunt

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4y ago

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