All of your contracts and associated documents can be centrally stored in a digital contract repository, also known as a document repository. It is an electronic contract database that gives users the ability to organize, classify, archive, store, and retrieve their business contracts together with related documents in a cloud-secure setting. The best features of contemporary contract management software packages are these conveniently located areas. Before today's technological advances, traditional contract management procedures were carried out by hand, which resulted in disarray, a lack of coherence, and document loss.