At ContractWorks, our employees come from a variety of experiences and backgrounds, each with a unique set of skills and talents that align with our overall mission of providing simple, smart document management solutions.

We’re proud of the team we’ve assembled, and we think it’s about time you get to know the people that are innovative, agile, and committed to fulfilling the needs of our customers.

In this blog, we're checking in with Senior Software Engineer Stephen Crosby. Stephen plays a key role on the ContractWorks Engineering team and helps improve the way the platform functions, and in turn, the user experience.

Managing a growing contract portfolio can be an overwhelming responsibility. Without the right systems and processes to help keep you on track, making the jump from a few dozen to a couple hundred contracts can create complications that take valuable time and effort to correct.

One of the solutions legal teams and contract managers often look for to help regain control of corporate agreements is dedicated contract management software with custom reporting features. By adding reporting capabilities to your existing contract management process, you can better understand what’s hidden in your corporate agreements, the strengths and weaknesses of your contracting process, and trends to monitor going forward.  

This article explores how contract management software reporting features can help you quickly get a handle on your contract portfolio.

Breach of contract: it’s a risk faced by anyone who enters a legal agreement. If you deal with volumes of agreements (and volumes of types of agreements, from employment contracts to vendor and customer deals), chances are good that eventually you will run into a contract that doesn’t deliver on the terms agreed to by all parties.

Contract management is often thought of as a task reserved primarily for corporate legal departments, but there are many situations where others across an organization have important roles to play in the process. Even when members of the legal team are responsible for tracking and monitoring agreements throughout their lifecycles, they typically rely on colleagues who have greater knowledge of specific contract elements for guidance.

For companies with significant supply chain operations, procurement teams can provide important vendor and supplier information to help contract managers plan ahead and ensure that each agreement is properly managed based on the needs of the business.

This article looks at the role procurement teams play in the contract management process.

In-house legal teams have many reasons to work with outside counsel, ranging from litigation support to expanding your company’s legal knowledge and expertise. Even large corporations with dozens of lawyers on staff often retain outside counsel to help manage specific legal matters.

But according to a recent survey, 73% of in-house counsel are concerned about overspending on outside counsel, and 55% of respondents are prioritizing reducing legal spending as a 2020 initiative. 

One way to reduce spending on outside counsel is to ensure these relationships are managed as efficiently as possible. Here are four tips for working with outside counsel to avoid potentially costly and time-consuming setbacks.

Legal teams at telemedicine companies are no strangers to the laundry list of compliance requirements and protocols that must be considered and adhered to at all times. In addition to ongoing changes in healthcare regulations and government policies, there are numerous relationships to manage that impact everything from your technology platforms to your patients' prescriptions.

As important as they are, some of these concerns can be mitigated with the right software solutions in place. Contract management software, for example, has the potential to help telemedicine legal departments improve operational workflows and processes, and remain compliant with industry regulations while doing so.

Here are three key benefits to keep in mind for telemedicine companies considering adopting contract management software.

Legal tech is booming and its growth shows no signs of slowing. For in-house legal teams, this has resulted in an ever-expanding range of software solutions that are intended to make your work more efficient. 

Traditionally, managing contracts and legal spending have been two particularly tedious, inefficient legal department processes that required manual work and major time commitments. Today, tools exist to improve processes in both of these areas.

If you’re looking for ways to optimize the way your legal team operates, understanding the strengths of these two types of software - and how they can be used together - is an important first step.

In commercial settings, contract clauses impact not only the relationship to be governed by a particular agreement, but wider business operations as well. For this reason alone, it is imperative that you pay close attention to exactly what you are signing. While many contracts come across as boilerplate in places, merely a single change to an otherwise standard clause can make all the difference. In this article, we cover seven important contract terms that shouldn’t get overlooked.

At ContractWorks, our employees come from a variety of experiences and backgrounds, each with a unique set of skills and talents that align with our overall mission of providing simple, smart document management solutions.

We’re proud of the team we’ve assembled, and we think it’s about time you get to know the people that are innovative, agile, and committed to fulfilling the needs of our customers.

This month we're checking in with Account Manager Alexa Corbin. Alexa plays an important role helping potential clients understand the ContractWorks platform to determine if it's a fit for their business needs. Alexa has also helped support EMEA businesses since the ContractWorks UK office opened earlier this year.

Keeping close tabs on your supply chain processes and procedures creates significant benefits for any business interested in mitigating risk, reducing spending, and increasing operational efficiency. Managing the vendors that your team hires to supply goods and services for your organization is at the center of this task, and that all starts with the contracts that govern those relationships.

Reporting on the performance of your contracts allows supply chain teams to increase visibility and transparency into your contract portfolio, identify strengths, weaknesses, and other trends in your contract management process, and deliver these insights to stakeholders throughout the company.