Contract Management Software
Contract management software is a popular tool for those managing leases, contracts, license agreements and so forth.
However, something that is often forgotten in the process (especially for those who DON'T employ a contract manager or software to look after these things) is the issue of important dates and deadlines.
For example, when you have a lease that has an option for renewing tenure (perhaps even under favourable conditions negotiated in the past), it's vital that SOMEONE who has management and/or decision-making capacity can be alerted ahead of time when important deadlines are approaching.
Failure to take action before a set date can have wide ranging (and expensive) consequences for a contract manager or business owner.
In our case studies page, we illustrate 3 examples of companies that missed important deadlines on contracts, which ultimately cost them 100's of thousands of dollars. If the person/s in charge of these contracts had had a simple alert system, such as 'Tis Time, they could have totally avoided these situations and saved huge amounts of money AND grief/hassle.
It's almost impossible for a business owner or manager to remember EVERY important date years after a contract commences, so unless they are ultra-fastidious about recording and properly managing these things (most aren't), they are pretty well guaranteed to forget at least 1 important deadline.
At the end of the day, registering your important reminders, alerts and deadlines with 'Tis Time for as little as AUD $12.95 per annum is not just peace of mind, BUT makes real sense financially. You KNOW that no matter what happens, you're not going to forget that important date, even if its 5, 10 or even 50 years away!
