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A legal agreement may be the start of something wonderful in a business. But keeping track of all the details in a large number of contracts can be a record-keeping nightmare.
A new service called Mumboe takes legal documents out of dusty file cabinets and puts them into a secure and searchable online database.
Mumboe is a Web-based alternative to desktop software for document management, such as Docsvault. Other online services, such as Microsoft Office Live Small Business, make it possible to store and track documents. Mumboe, though,
I suspect the very fact that it's an online service will dissuade certain potential users. Some lawyers, for instance,
How Mumboe Works
After creating a user account, you log in to Mumboe
A menu bar across the top provides one-click access to manage agreements, tasks, and contacts. Other menu options include bookmarks and recently viewed items.
Mumboe lets you create various types of contracts, such as a lease or a nondisclosure agreement, using Microsoft Word templates that you can download from Mumboe.com and then customize
Tracking Agreements in Mumboe
You may upload agreements to Mumboe in
Mumboe also provides you with a database for tracking key provisions of these documents,
Integration with customer relationship management service Salesforce.com is planned for later this year, so that you'll be able to link Mumboe data to Salesforce.com's database.
Who Needs Legal Agreement Tracking?
Mumboe is aimed at a range of businesses--small to enterprise-size--that need to keep close tabs on
Mumboe is currently in beta testing. The full service will debut March 20 with three versions. Mumboe Express is free and includes storage for up to
Mumboe Standard includes storage for 250 agreements (500MB) and costs $24 per user per month with no limit on the number of users. Pro can store up to 1000 agreements (2GB) for $48 per user per month. Organizations that require more than 2GB of storage should contact Mumboe for enterprise pricing.
Assuming you require more than what's offered by the free Express edition, Mumboe will cost more than a filing cabinet, the traditional repository for legal agreements. However, many organizations should find that the ability to share documents, track revision history, and keep tabs on deadlines is worth paying for.
Richard Morochove is an IT consultant and writer. Send him questions about using technology in your connected small-to-midsize business via e-mail . PC World may edit your query and cannot guarantee that all questions will be answered.