What is Contract Scoring?
A system that evaluates software contracts based on various criteria such as risk, renewal terms, and compliance. It helps prioritize contract renewals or renegotiations based on their importance and risk.
Why it Matters
Contract scoring provides a structured approach to managing contracts, ensuring organizations focus on the most critical agreements first. It minimizes the risk of overlooking high-priority contracts.
Benefits
- Prioritizes contracts based on risk
- Helps identify high-value contracts
- Assesses contract health and compliance
- Automates contract prioritization
