Cloud based contract management platform for SMEs

Most entrepreneurs and SMEs rightfully focus on growing their business and do not, or to a much lesser extent, pay attention to managing their contract administration. “As current contract management software is either part of an expensive ERP-software package or an over-engineered pay-per-user license model, many entrepreneurs and businesses just avoid the subject of contract management. This often results in unwanted renewed contracts, double contracts or unfavorable conditions,” explains Schouten. It’s a problem that Cloudtract wants to tackle head-on with an online cloud-based platform that makes it easy to store contracts and set alerts.

The founders of Cloudtract experienced first-hand what it is like to forget to cancel a contract, and how difficult it can be to even track down all the contracts within a company. When Schouten started working at an insurance company, it took her two months to gather all the contracts that the marketing department signed during the previous years. In addition Schouten slightly embarrassed adds “The IT department at this insurance company was reviewing all its software licenses and wanted to cancel one of them. But because no one remembered to cancel this contract in time, as the IT department was only focusing on the new license, we ended up paying 40.000 euro for a contract we didn’t need anymore.”