It is a known fact that the government is slow to adapt to change and technology. This has resulted in many services being outdated, inefficient, and often less effective than they could be if they were updated to utilize new technologies. This has become an even bigger problem with the rise of blockchain technologies as governments struggle to keep up while simultaneously trying not to be behind the curve when it comes to innovation within their borders.

That being said, some organizations have been able to use these new types of software well before most other companies because they have adapted their management processes accordingly like a contract lifecycle management software.

The emergence of contract lifecycle management software

Contract lifecycle management software is a powerful tool for the government. This software automates the entire process of managing and initiating contracts, from bidding to award to performance monitoring. The government …