It’s
interesting to have a look around the software market and find companies focused on
a specific niche. I came across a company called Finetooth that specialises in Contract
Management Software and they seem pretty good at it.
Their software works by scanning paper documents into a database and attaching a number
of meta-tags to the scanned documents allowing automated lifecycle management,
statistics and performance metrics. The key advantages of the product seem to be
-
automated document scanning with the ability to extract contract information and promote
it outside the context of the document - end-to-end security ensuring document protection for the life of the document
-
life-cycle management of the documents (typically Creation, Activation, Renewal, Modification
and Termination)
Definitely a
product to keep in mind if you’re after that sort of package.