A contract management – or contract lifecycle management (CLM) – software solution provides full-time, automated contract monitoring and helps optimize each stage of the contract lifecycle. Automated processes include: Workflows for contract review, approvals, and signatures, making it easy for anyone in an organization to initiate contracts from within familiar applications and devices; Creation tasks, like dynamically inserting required language for specific clauses and terms, and tracking clause- and provision-level changes, with a goal of total compliance with minimum effort; Identifying changes between versions that have not been redlined, discouraging “stealth” changes that can undermine contract integrity; Configuring parallel and serial approval workflows to match the idiosyncrasies of any contract to eliminate bottlenecks and minimize costly delays; Uploading of hard copies through OCR and other technologies; Fulfillment tracking and automated alerts linked to expirations, renewals, and key events, post-execution workflows; Identifying contract renewal candidates, alerting managers in time to act and / or automatically creating new contract drafts based on the contract in force.