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Organizations have evolved in the way contracting process is carried out. While some are managing their contracts using the combination of MS Word and email collaboration, some have adopted automated contract management systems to help with contract drafting, redlining and authoring.

The signed contracts are scanned and stored in various contract repositories across the organization like Google drives, SharePoint, ftp locations, file folders etc or are stored in the digital repository of the contract management system being used. This means every organization will have certain volume of legacy contracts in-spite of using contract management software.

Here comes the situation where you are not able to get deeper visibility within your legacy contracts and a lot of manual efforts are involved to dig out important information. Due to this, most organizations just push these legacy contracts to the filing cabinets or the best some organizations do is to scan and store them in different repositories. Since the contracts are now scanned there is no way to digitally extract the information from these image-based documents unless technologies are used.

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Plikli is an open source content management system that lets you easily create your own user-powered website.

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