• Efficiency: Automated contract management reduces the manual effort involved in document processing.
  
  Example: The administration can store contracts in digital repositories instead of physically archiving paper documents.
  
• Deadlines and reminders: The software sends notifications for important deadlines, such as contract renewals or terminations.
  
  Example: The administration does not miss any renewal deadlines for service contracts and can negotiate in good time.
  
• Compliance: Ensures compliance with legal regulations and contractual conditions.
  
  Example: The administration can ensure that data protection regulations are adhered to in all contracts.

• Cost control: Better overview of contract costs and budget control.
  
  Example: The administration can analyze contract costs and check whether budgets are being adhered to.
  
• Reporting: Generates reports to improve decision making.
  
  Example: Management can generate a report on all current contracts to develop a contract renegotiation strategy.

Overall, contract management software improves the administration's contract management and helps to increase efficiency and control costs.