Microsoft Teams: Use the functionality of a Teams channel and associated tabs to allow your stakeholders to review and manage contracts. Microsoft SharePoint lists: Use the formatting available in modern SharePoint lists to present contracts in a business-friendly format. Microsoft Syntex: Create models to identify and classify your contract files and then extract the appropriate data from them. This contract management solution guidance includes four components of Microsoft 365: Rejected contracts need to be routed for additional review. Approved contracts need to be routed to a third-party application for payment processing. Approved and rejected contracts need to be routed through a specific workflow.

Stakeholders should be able to easily approve or reject incoming contracts. Stakeholders should be able to review the whole contract if needed, but mostly care about seeing several key fields from each contract (for example, customer name, PO number, and total cost).

Your organization needs to set up a collaborative site in which all required stakeholders can easily review contracts. Your organization needs a reliable way to find whether contracts have been either approved or rejected, and whether payment has been processed. You need a way to identify all customer contracts from all other documents, and then classifying them as such. Some are digital assets sent through email, and some are paper assets sent through traditional mail. Your organization works with many documents, such as invoices, contracts, statements of work, and so on. For this solution, four key issues need to be addressed:

The first step in planning your contract management system is to understand the problem you're trying to solve.

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