Contracts are an important component of economic cooperation. This applies to nearly all companies operating in the market. Contract management is rapidly evolving into a challenge. Depending on the number of contracts under management, this challenge is particularly difficult to address satisfactorily when paper filing systems and similar traditional forms are in use. The contract management system is the most ideal solution supporting every stage of contract management. This solution aims to execute and monitor contracts in a way that maximizes both financial and operational performance while minimizing risk - all essential for business success.