Contract Security Isn't Just About the Technology

Security and privacy are hot topics in the data world. These words may sound like they mean the same thing, but they actually address slightly different areas with respect to data protection. Although some people may be aware of the distinction, just to be clear, security relates to how data is protected whereas privacy relates to the appropriate use of data. So, data security is focused on things like firewalls, authentication procedures, and encryption, but it is these security measures that enhance data privacy, meaning private information does not fall into the hands of someone who should not have access to it. Thus, it is clear that you cannot really have one without the other. 

Read More

Contract Management and Technology: An Inseparable Duo

If you are a contract manager and your company has not invested in a contract management solution or is using an outdated, bulky, or inefficient system, there is a good chance that you are wasting more than just your valuable time. Failing to use the appropriate technology can stall operations, lead to cost overruns, and plague overall efficiency. These days, effectively managing a contract portfolio requires utilization of a sophisticated contract management solution that facilitates the following:

Read More

Is Contract Management Behind The Technology Curve?

With 100+ contract management solutions to choose from, the obvious answer would be, "no, contract management is not behind the technology curve." However, after conducting research at IACCM and interviewing more than 100 companies, data tells us differently:

Read More

How To Monitor The Performance Of Executed Contracts

Companies often consider the negotiation and approval of contracts as the complicated and time-consuming aspect of contract management. However, a lot of the real work starts once the deal has closed and all relevant documentation has been executed. Just because everyone has come to an agreement and has formalized the terms in writing, the parties involved cannot simply toss those written documents aside and forget about them.

Read More