This document discusses how contract management software can automate and streamline contract workflows, reducing operational costs by 75% annually. It outlines the typical paper-based contract process and how software can eliminate waste at each step, including automated data entry, digital distribution, routing contracts according to business rules, error checking, storage, and retrieval. It provides a case study of an insurance broker that estimates the software could save over $24,000 per year in data entry costs and $18,165 in distribution costs by handling contracts digitally rather than with paper.