There are many benefits to the CEO by utilizing openSource as the main contract respository. With openSource, the CEO will know that the company's contracts are transparent, under control, in compliance, while at the same time keeping legal exposure, expenditures, and business risk to a minimum.
- Company contracts are not hidden nor accessible to only a select few
- Contract life-cycle automatically in control, including obligations, royalties, payments & commitments
- Easy access to key contract terms and covenants
- External legal expenditures are under control
- Best-Practices for approval & authoring, so contract status always known
- Contracts internal and external audits attached