Contract tracking refers to the identification of where within the contract lifecycle a contract is located. Understanding which phase a contract is in within its lifecycle can help you decide which next steps to take on the contract at hand. In this manner, you can appropriately relay contract information to your teams and communicate what actions need to be taken next on a contract or group of contracts.

Contract tracking makes it possible to identify the contract details and dates that require attention. Contract tracking software is essential for all businesses because untrackable contracts are often overlooked and forgotten, making them a security risk. This can lead to missed payment due dates or expiration dates, which can result in a substantial loss of money and time.

Dock 365 is a contract management software that leverages lifecycle based workflows to help users automate contract processes and ensure complete contract visibility for their buyers and sellers. The company's featured solution, Dock 365 Contract Lifecycle Management, was designed specifically to help sales,