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Latest Blog Posts and Articles from Contract Logix.

phases of contract management

What are the Three Phases of Contract Management?

This article examines the three phases of contract management. The pre-execution phase involves everything from the initial request through the authoring and negotiation of the contract, both internally and with third parties. The execution phase involves the signing and finalization of the contract. The post-execution phase involves obligation fulfillment, reporting, and archiving the contract. All active contracts go through all three phases – and these phases can be automated and streamlined via contract lifecycle management (CLM) software. Read more.

Mar 10, 2021
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Top 5 Contract Management Challenges for the Energy Industry – And How to Overcome Them

Everything in the energy sector is complex. Whenever new assets (greenfields) or refurbishment (brownfields) projects come up, all the elements that ensure service reliability, facility safety, and production efficiency add to contract challenges in the energy industry. The energy industry has complex contract management challenges that span multiple disciplines. Here are the top 5 challenges facing the industry and how to solve them.

Mar 8, 2021
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10 Key Features a Contract Administration System Should Have

As part of your broader CLM model, contract administration software comes with specialized features that go beyond simple document management. Small, medium, and large businesses across all industries need CLM platforms to assist with creating, negotiating, executing, and managing legal agreements in today’s complex business environment. If you’re currently looking for a contract management and administration solution, here are ten key features to consider before you sign on the dotted line.  

Mar 5, 2021
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5 Ways CLM Software Can Help with Contract Negotiation and Approval

Contract negotiations and reviews are stressful, time-consuming, and require a high level of accuracy during every step of the process. When these agreements influence the entire organization, the required effort increases exponentially. In situations like this, using contract lifecycle management (CLM) software can assist legal teams to coordinate the entire process and ensure accurate communication between all the parties involved.

Mar 2, 2021
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Why Real-Time Collaboration Matters in Contract Negotiations

Real-time contract collaboration tools can help businesses approve contracts faster and with more transparency than if they were in the same room together, as well improve and optimize processes in today’s new normal. It’s another great example of how using modern digital tools can transform the way you do business – for the better.

Feb 25, 2021
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Contract Logix

Contract Logix is a long-time leader and provider of data-driven contract lifecycle management (CLM) software. Our software empowers over 60,000 legal, procurement, finance, and sales professionals to digitally draft, negotiate, approve, execute, and manage contracts.

Hundreds of brands have partnered with us to simplify, automate, and streamline their contracting processes while minimizing risk, increasing compliance, and finalizing business faster across all phases of buy-side and sell-side contracting.

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