DOCM stands for Digital Object & Contract Management. DOCM is a systematic, process-driven software solution for creating, processing, monitoring and evaluating contracts.
Corporate contract management
Every company department needs a different view of the data in a contract. A communication and collaboration platform can provide these different views of a contract management system centrally.
According to the Gartner Group, 60% of all supplier contracts automatically renew without the buyer's knowledge, mainly because the buyer fails to terminate the contract. Even more astonishing is the fact that 50% of the contracts are renewed several times without the buyer's knowledge (Forbes, Gardner group).
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