The Contract Approval sample demonstrates how to use workflow to manage the preparation, review and execution of a contract document. It includes the initial preparation of the contract document, editing, legal review and revision, as well as the signing of the final contract.
Using this workflow can help your organization to:
- Streamline the contract approval process
- Provide flexibility to include other reviewers
- Provide a record of accountability
- Create an audit trail of anyone who made what changes to the contract
The sample also allows you to view the current status of a contract review and capture information such as reminder dates and lead times that can be used to automatically initiate the renewal process.
Contract approval flow
A contract passes through various states from the time it is created until the time is deleted. In most cases, the change of state is triggered by actions you take. Some state changes occur automatically. The approval state is optional.
In the diagram below, the actions that cause the state changes are shown on the lines connecting the contract states. Lines that are not labeled represent state changes that occur automatically. This diagram shows the possible states of one contract.
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