Databases that track information about contracts, often called contract management software, has earned the respect of many general counsel. It helps control the flow of contract development, obligations under executed contracts, key milestones, and responsible parties.
This blog has referred many times to that genre of software (See my post of March 18, 2005: contract management; April 18, 2005: contract management; Oct. 20, 2005: software for contract management at Fair Isaac; Oct. 10, 2005: Roamware’s contract compliance database; Dec. 3, 2005: improve contract management; Jan. 3, 2006: contract management software; Jan. 4, 2006: contract life-cycle oversight; Jan. 6, 2006: BOC’s tracking system; April 27, 2006: Affinitext and DLA Piper; Dec. 8, 2006: Omniware; Feb. 11, 2007: survey data that ranks desirable software; and March 26, 2008: Cisco’s customized system.).