New Ebook - Choosing SharePoint or Contract Management Software

Contract management can be time-consuming and tedious when left to manual processes, so businesses often implement software to help them take control of their legal documents.

Since so many companies already use SharePoint for collaboration and content management needs, it’s common for these companies to explore whether it can also serve as a contract management system. SharePoint is a great solution for those with basic file sharing and collaboration needs, while dedicated contract management software offers its own set of benefits geared towards helping legal teams store, manage, track, and report on corporate agreements.

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Meet Kristen Johansen, VP Product Development

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 catching up with Kristen Johansen, VP Product Development at ContractWorks. Kristen plays a critical role at ContractWorks, working to ensure that the products and services offered align with what customers need to be successful.

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Meet Brendan Shanny: Software Engineer

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 catching up with Brendan Shanny, Software Engineer at ContractWorks. Brendan plays an important role working to improve the ContractWorks software by listening to customer feedback and incorporating new technologies.

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How ContractWorks Helps Tech Companies with Growing Contract Databases

As technology companies continue to experience rapid growth and expansion, you’ll need to have the proper tools and processes in place to manage the challenges that accompany that growth. Managing corporate contracts only gets more difficult as you introduce more customers, employees, vendors, service providers, and other professional partners into the equation. Small teams responsible for a handful of relatively low-risk agreements might not have a clear need for dedicated contract management software, but what happens when your company has 30, or 300, or 3,000 contracts on file, all with varying terms and end dates? What happens if your business expands and now your legal team is spread across multiple states or countries? For most companies, there comes a point in time when the existing manual processes in place stop working.

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Why You Should Start with Technology When Expanding Your Legal Team

Maintaining high revenue and low costs is the basic goal for any business. This model applies to the individual departments within a company as well, including the legal team. However, this can be difficult to accomplish, especially during growth phases when you’re looking to add new members to the team. In this article, we’ll discuss the common challenges involved with keeping legal costs low while continuing to grow revenue, and how implementing contract management software can help.

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Contract Management Guide: 4 Ways to Fix Outdated Processes

There are few better illustrations of how far technology has advanced over the decades than your smartphone. In 1945, scientists booted up one of the earliest versions of the computer: it was a hulking machine that took up 1,500 square feet, weighed in at 30 tons and had memory and processing capabilities that are barely a fraction of those of today’s pocket-sized devices.

Technological innovation has transformed almost every aspect of life since then, from your cell phone to, yes, contract management. And while even the most die-hard luddite isn’t performing their work on a slow, antique processor, many organizations remain mired in outdated practices and methods of handling important corporate agreements. Some of these outdated processes even predate those apartment-sized computers!

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How Every Department Benefits from Contract Management Software

Contracts are the lifeblood of every modern business, from tiny startups to giant multinational firms. By enforcing the terms of an agreement between two or more entities, contracts are the foundation of a trusted and reliable relationship between separate individuals or companies.

However, you might have dozens, hundreds, or thousands of contracts in force at the same time. Managing and administering them all requires a great deal of time and effort as a result. Fortunately, dedicated contract management software can significantly reduce the resources you need to expend on the task of contract management.

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Meet Lorien Maxwell: Manager of Sales and Customer Success

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 catching up with Lorien Maxwell, Manager of Sales and Customer Success at ContractWorks. With almost 15 years of experience in sales and customer service, Lorien plays a critical role helping ContractWorks clients find the solutions they need to reach their contract management goals.

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Evolving Beyond Spreadsheets: A Guide to Modern Contract Management

For many companies, contract management has traditionally consisted of manually updating spreadsheets to help document and track the endless deadlines and complicated terms found within their corporate agreements. However, as technology has evolved, more effective and efficient ways to manage large volumes of contracts have emerged. 

Although spreadsheets might seem sufficient for some contract management needs, it is not a sustainable solution as your company grows. Below are some of the reasons legal teams have often turned to spreadsheets for their contract management needs, as well as the benefits of making the switch to dedicated contract management software.

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The Importance of Contract Management for Healthcare Compliance

As every healthcare company knows, the repercussions of not remaining compliant with industry regulations are severe. In August of 2018, William Beaumont Hospital, a regional hospital system based in the Detroit, Michigan area, paid $84.5 million to settle alleged violations of the Stark Law (also known as the Physician Self-Referral Law) and Anti-Kickback Statute in connection with “sweetheart deals” benefitting referring physicians.

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