Development of Contract Management System using Spring Boot

Businesses revolve around contracts. Service agreements are established after a lot of negotiation with a wide range of vendors to offer products and services that assist in running an organization. These lay the foundation for every agreement by defining the terms and establishing the parameters through which customers obtain and pay for these products and services. The traditional approach to managing contracts entails numerous risks, including incomplete contract disclosure, insufficient delegation of authority and responsibility, fraud, corruption, communication breakdowns, and delayed financial decisions that impede project progress, mostly as a result of manual intervention in managing contracts. This necessitates the use of a systematic and efficient approach of contract administration. This paper speaks about an automated contract management system which is a transparent and efficient method of managing contracts, built using Spring Boot.