We Admit It: You Might Not Need Contract Management Software

We've talked to a lot of companies who aren't using contract management software. And we've talked to a lot who are. A question we hear time and time again is, "How do I know we need a solution? We've been using Excel for years."

We interviewed over 100 companies to determine characteristics that defined when companies typically started to consider using contract management software and why a purpose-built solution started to make the most sense. 

Read More

Contract Management Tip #4: Institute a Contract Portfolio Review

This is the fourth installment in a blog series highlighting contract management best practices. To read previous posts, please click for part one, part two, or part three.

Read More

Results-Oriented Contract Management

Most companies are constantly evaluating how to run their businesses to ensure maximum productivity, efficiency, and, of course, revenue and profit margins. Companies are essentially trying to figure out how to employ a results-oriented management style. This is true in various sectors and for many different segments of business, including contract management. Here are a few things to keep in mind when aiming for results-oriented contract management:

Read More

Selecting the Right Approach to Contract Management

This is the third blog post in a series highlighting contract management best practices. Part one can be read here. Part two is available here.

Perhaps one of the most difficult aspects of contract management is figuring out how best to manage the company portfolio, especially when there are tons of different contracts relating to one or more company departments. There really isn’t a one size fits all approach when it comes to overseeing a company’s contracts.

Read More

Why Is Some Contract Management Software So Expensive?

Companies with an active contract portfolio often need contract management software to help them stay on top of their executed contracts, and they will benefit in many ways from using a service that offers practical features. However, many companies are hesitant to transition away from traditional contract management processes, primarily due to concerns about the efficiency and price of contract management software.

Read More

Contract Management Best Practices: Contract Templates

This is the second blog post in a series highlighting contract management best practices. Part one can be read here.

There are obviously distinct phases of the contracting process and each individual phase will inevitably impact the other aspects in some way. The final phase, actually managing contracts once they are executed, constitutes a related yet separate and ongoing facet of the entire contracting process.

Read More

Manufacturing Contracts : The Importance of Contract Tracking Software

Manufacturing can be a complicated process, especially for manufacturers who need an array of supplies and must order the necessary parts from various parts of the country or perhaps even from overseas. Obviously, the more supplies that are required to complete the manufacturing of a particular good, the more expensive the process can become. Here are the three main benefits of utilizing cloud-based contract tracking software to oversee executed manufacturing contracts:

Read More

Contract Management Tip #1 : Establish a Contract Repository

This is the first blog in a series that will cover contract management best practices tips. Stay tuned for more in the coming weeks.

Read More

Employment Contracts Must Attract Talent, Not Eviscerate Innovation

The days of individuals committing the bulk of their working years to just one company are long behind us. Employees and laborers currently in their 40s, and the younger generations following them, are far more likely to jump from one employer to the next over the course of their lifetime. On average, these employees will spend two to four years working at each place, and many of these folks end up working for ten or more different companies or organizations.

Read More

Rethinking Traditional Contracts

There are many ways to define and describe contracts. In addition to the usual words associated with contracts, like verbose, confusing, and binding, the thought of them also conjures up all sorts of imagery. For many people, the idea of contracts likely evokes images of stacks of paperwork, arguing lawyers, wood-paneled courtrooms, and black-robed judges, among numerous other possibilities.

Read More