Contract repository software stores all contracts in a centralized location so companies maintain an efficient organization system. As per the American Bar Association, an average Fortune 1000 corporation oversees between 20,000 and 40,000 active contracts at any given time. At least 10% are lost, difficult to discover, or otherwise neglected or poorly maintained. In the past, originals and copies of paper documents were frequently stored in contract repositories. A contract repository is a solution that has several distinct benefits over other records management technologies.