The repository classifies, stores and retrieves all contract-related information. As a minimum, this might hold contract case details and documents. But it can also store internal and external contacts on a many-to-many relationship basis.
The structured data includes contract templates together with key details of live contracts and terms-including parties and other contacts, milestones, specifications, time and materials, pricing values and other contract terms. It should be able to maintain complex structures including the hierarchical nature of contracts-master agreements and sub agreements-plus interdependencies.
Unstructured data includes e-mail/correspondence, scanned documents, evaluations and standard contract clauses.
The repository ensures that data is secure, and that all parties have real-time access to up-to-date information and an audit trail to establish rapidly 'how we got here'.