How to build a contract database
Without Nomio:
- Find documents.
- Group documents into agreements.
- Establish naming convention.
- Store documents.
- Invent taxonomy for contract information.
- Employ someone to capture data.
- Employ someone else to verify data.
- Capture and record data points.
- Normalise captured data points.
- Calculate key information from data points.
- Link back to documents.
- Record and resolve ambiguities and exceptions.
- Set up access controls.
- Onboard your team.
- Configure notifications.
- Establish support channel.
- Administer process for filing new contracts / amendments.
- Create a blueprint for everything.
- Employ someone to maintain the whole database. Forever.
With Nomio:
- Find documents.
