Maybe you think you can “get away” with sloppy contract management because your counterparties are also sloppy.
If neither side is paying attention, you’ve just got unrealised risks. As soon as one side is on top of things, you’re in trouble.
And if you’ve been stung by the other side for sloppiness, then you’ve probably got 10-100x more contracts where you’re being sloppy and you haven’t been stung… yet.
As more companies wake up to the importance of contract databases, the risks grow greater for those left behind.
Don’t get left behind.