A Guide to Cost-Effectively Monitoring Vendor Contracts

Even large companies can’t always handle every project internally. Developing relationships with vendors is an inevitable aspect of smooth business operations for many executives. You’ve likely heard horror stories about wasted funds and failed projects. Setting up a strong vendor management program and clear expectations can lead to your company achieving the value and performance outcomes needed from vendor contracts.

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5 Ways to Help Your Company Adopt Vendor Contract Management Software

Ready to adopt vendor contract management software in 2018, but unsure how to navigate a smooth transition throughout your organization? Let us outline some strategies to take advantage of employees’ strengths and set your new system up for success.

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4 Ways to Improve Productivity with Vendor Contract Management

How can excellent vendor contract management practices lead to a competitive advantage? Maximizing the productivity of a vendor relationship reduces wasted time and resources, allowing the organization to get the full value of their investment. Read on to learn how your company can boost productivity.

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4 Vendor Management Best Practices

Choosing the right vendors is often critical to your company's success. Disorganized partners and bad relationships can lead to costly performance interruptions and even ruined reputations. Sometimes vendors are selected in haste or the firm that is offering the lowest price is chosen, but the old saying that you get what you pay for must be heeded. Here are four best practices when it comes to vendor management:

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Proper and Consistent Contract Management Vital for Due Diligence

Most companies are bound to go through a due diligence investigation at some point, and this is particularly true for startups. It doesn’t matter whether a company has been through the due diligence process dozens of times or is experiencing it for the first time, it can be a downright daunting experience. Some due diligence investigations will drag on for months on end, and the request for documentation often seems never-ending. However, with the right preparation and organization, a due diligence investigation can be a relatively hassle-free, even routine course of action.

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