<s>
Contract	B-Application
management	I-Application
software	I-Application
is	O
the	O
range	O
of	O
computer	O
programmes	O
,	O
libraries	O
and	O
data	O
used	O
to	O
support	O
contract	B-Architecture
management	I-Architecture
,	O
contract	O
lifecycle	O
management	O
,	O
and	O
contractor	O
management	O
on	O
projects	O
.	O
</s>
<s>
It	O
may	O
be	O
used	O
with	O
project	B-Application
management	I-Application
software	I-Application
.	O
</s>
<s>
Most	O
sophisticated	O
projects	O
involving	O
contractors	O
now	O
use	O
contract	B-Application
management	I-Application
software	I-Application
instead	O
of	O
relying	O
on	O
the	O
manual	O
management	O
of	O
paper	O
contracts	O
.	O
</s>
<s>
In	O
addition	O
to	O
these	O
types	O
of	O
features	O
,	O
contract	B-Application
management	I-Application
software	I-Application
systems	O
provide	O
a	O
centralized	O
repository	O
for	O
employees	O
to	O
quickly	O
access	O
all	O
contracts	O
worldwide	O
in	O
one	O
place	O
.	O
</s>
<s>
Contract	B-Application
management	I-Application
software	I-Application
is	O
produced	O
by	O
many	O
companies	O
,	O
working	O
on	O
a	O
range	O
of	O
scales	O
and	O
offering	O
varying	O
degrees	O
of	O
customizability	O
.	O
</s>
<s>
Contract	B-Application
management	I-Application
software	I-Application
may	O
also	O
be	O
an	O
aid	O
to	O
project	O
portfolio	O
management	O
and	O
spend	O
analysis	O
,	O
and	O
may	O
also	O
monitor	O
KPIs	O
.	O
</s>
<s>
Leading	O
contract	B-Application
management	I-Application
software	I-Application
provides	O
contract	O
visibility	O
,	O
monitoring	O
,	O
and	O
compliance	O
to	O
automate	O
and	O
streamline	O
the	O
contract	O
lifecycle	O
process	O
.	O
</s>
<s>
This	O
requires	O
contract	B-Application
management	I-Application
software	I-Application
,	O
or	O
contract	B-Application
risk	I-Application
management	I-Application
software	I-Application
(	O
CRMS	O
)	O
,	O
to	O
become	O
more	O
dynamic	O
and	O
responsive	O
.	O
</s>
<s>
The	O
GDPR	O
requires	O
additional	O
effort	O
in	O
regards	O
to	O
contract	B-Architecture
management	I-Architecture
.	O
</s>
