How to Find a Contract Management Solution to Fit Your Needs

The first step to finding the best contract management solution for your team is to evaluate your current processes and identify strengths and weaknesses. What already works well? Where are the areas your existing systems and processes are falling short and preventing operational efficiency?

Once you have a firm grasp on your specific contract management problems, you can then determine the type of software that makes the most sense for your team, and the particular vendors you’re interested in talking to. 

Below is a three-step process to help you find the best contract management solution for your unique contract management needs.

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Meet Eugene Gimelberg, Director of Software 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 Eugene Gimelberg, Director of Software Development at ContractWorks. Eugene plays a pivotal role building and refining the software that ContractWorks customers use on a regular basis.

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9 Upcoming Virtual Events for Legal Teams

Many businesses have shifted to remote working environments, and almost every recent in-person event has been cancelled or postponed, but that shouldn’t prevent legal teams from learning and improving. Many organizations are hosting virtual events and webinars that cover important topics for legal professionals, covering everything from cybersecurity risk to leadership during a crisis. 

Here are nine upcoming virtual events that can benefit you and your in-house legal team.

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The 2020 Buyer's Guide to Contract Management Software

It can be overwhelming trying to make sense of the hundreds of contract management software options on the market. Luckily, if you can identify exactly the problems you want to solve with software, you can quickly narrow down the list to only those that make sense for your business based on your specific priorities, available budget, and other factors.

Whether your legal team has already made the decision to implement contract management software or you’re still determining the best way to take control of your corporate agreements, the 2020 Buyer's Guide to Contract Management Software will help you start your search for the right solution.

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Contract Managers vs Project Managers

Contract managers and project managers are integral members of many business teams. Although their roles and responsibilities are similar, and in some instances may even overlap slightly, these are distinct positions requiring unique knowledge and skills. For simple contracts and projects, it is often possible and economical to utilize one team. However, for more complex endeavors, it is generally best to rely on separate teams with content-specific expertise. Here are some key differences between contract managers and project managers.

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ContractWorks Hosting Live Product Demo May 12 at 10am PDT

Join us for a 30-minute, high-level overview demo to see how ContractWorks enables legal teams and contract managers to get more out of your contracts in less time.

ContractWorks Product Demonstration
Tuesday, May 12, 10:00am PDT / 1:00pm EDT / 6:00pm BST / 19.00 CEST
Click here to register

In this live demo, participants will learn how ContractWorks can be used to accomplish all of the following:

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6 Benefits of Using Electronic Signatures to Sign Contracts

According to the International Association for Contract & Commercial Management (IACCM), 83 percent of legal departments face pressure to improve efficiency and lower costs. While there are many ways to address these challenges, adopting electronic signature as a standard practice is a quick and easy solution that addresses both operational efficiency and cost reduction.

Switching from wet signatures to electronic signatures can make a significant financial impact to your business, but also offers a number of other key advantages. Here are six benefits of using electronic signatures to sign contracts.

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The Difference Between Contract Management and Contract Administration

The terms contract management and contract administration are often confused for one another or used interchangeably, but they actually represent different phases of the overall contracting process. To state it as simply as possible, contract administration is the work done before a contract is signed into effect and contract management covers everything done after signing to ensure that deliverables and deadlines are adhered to as outlined in the agreement.

Below is a more in-depth overview of the differences between contract administration and contract management and helpful tips for excelling in both phases of the contracting process.

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5 Ways Contract Management Software Helps You Control Costs

When tasked with a project like reducing expenses, you likely need to act quickly. When all of your corporate agreements are housed in a centralized, searchable repository, your legal team can significantly expedite the process of gathering information, identifying opportunities, and taking action to reduce expenses.

Here are some of the ways contract management software can help you quickly locate and review opportunities to eliminate non-essential business costs.

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ContractWorks Offers 25 E-sign Licenses Free with Any Account

In an effort to help more businesses successfully transition to remote working environments, ContractWorks is extending a special offer to facilitate the digital execution of contracts: 

Any new or existing ContractWorks customer can add an additional 25 electronic signature licenses to their account, free of charge through March 31, 2021, with no obligation to continue using and paying for the licenses after that date.

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