Contract Management refers to the process of managing contracts throughout their entire life cycle, from creation to execution to renewal. This process includes identifying and mitigating risks, negotiating terms and conditions, and ensuring compliance with contract provisions. Contract management is a critical function in any organization that engages in contractual agreements with other parties. An effective contract management system can save the company time and money, while reducing the risk of legal disputes. There are many software solutions available to help companies automate and streamline their contract management processes. These solutions typically include features such as document management, workflow automation, electronic signature integration, and analytics.