The New GDPR will Demand More from Contract Management Systems. Will You Be Ready?
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To ensure compliance, companies must include necessary privacy terms and clauses as defined by the GDPR regulation into their customer or partner agreements. They will also need to manage a new set of obligations related to how data is stored, managed, shared and transferred, especially when such activities are conducted with partners or third parties. The impact on a company’s contract management process is significant and will require a close examination of it’s capabilities and potential gaps.
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