What Is a Software License Agreement?‌

Software license agreements can be time-consuming and hard to keep track of. As a software user, you will have an agreement with every piece of software you use. Each one will be different. Finding out what you need to know can easily put you at the bottom of a pile of papers. Luckily, automated record-keeping systems are exactly what the computer was first built for.

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Old-system contract management‌

How does your office store and manage its Software License Agreements? Are they organized? Can you find them? Without a specialized system to manage them, the information in those contracts is often lost. Many offices use tools like spreadsheets to keep track of contracts, but those tools do not enable you to use the information in the contracts.

Separate systems. The office stores contracts in separate systems that don’t talk to each other. You find some printed out and sitting in a drawer. You know many sit in computers around the office in a variety of file formats. You find others inside the software program itself. 

Isolated processes. You must negotiate each contract separately. Your negotiations improve with knowledge of your other contracts. Are the rates of one vendor similar to those who offer similar products? It’s hard to tell without digging into a pile of contracts. 

No transparency. Contracts often get shoved into a filing drawer and are ignored. Even once you find the right contract, these documents are often difficult for a non-lawyer to read. You need to find and use the information inside them.

Ironclad Digital Contracting

‌Digital contract management systems are designed to take on the weaknesses of the old system. They put all your information together and make it accessible to everyone who needs to use it. You can now analyze your contracts and make changes to benefit your company.

All-in-one solution. One system contains all your contracts. The contracts you need jump to your fingertips. They are comparable and sortable. You can get to them using your computer or phone from anywhere. 

One source of truth. With everything in one place, it is easy to know the truth. No longer do you have to compare Pat’s memory to Justice’s meeting notes to an old version of the contract. The terms of the contract are all typed into the same system. You just go there.

Full transparency. When negotiating, you now have the past 10 years’ records of shipment rates. You also have the rates of competitors. Information about past and present contracts is easy and immediate to find and use.

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