Contract Management Blog

It’s almost Halloween! This week we’re bringing you a goody bag of treats from the latest product update to Contract Logix’s data-driven contract lifecycle management solution. Read this article for a rundown of a few of our new CLM software features. There are lots of contract management goodies inside so choose your favorite flavor!

Halloween is here and that means pumpkins and costumes, candy and bonfires. While trick or treating may look very different in a world with COVID-19, this is still the time of year when we delight in hearing ghoulish myths and horror stories. Fictional horror stories, that is. The real-life horror stories of things that go wrong in business are a little bit harder to swallow, but let’s take a look at some truly scary tales from the world of contract management.

Using automated CLM workflows to lay out the steps in your contract processes will take the pressure off users to remember and act in accordance with your business rules. On the other hand, incorporating Decision steps that allow for human interaction wherever it’s justified is truly the best of both worlds. Read more to learn how easy it is to do with Contract Logix.

Effective contract management is critical to any business operating in a regulated industry, especially with pharmaceutical and biotech companies. Contracts play a major role in virtually every aspect of drug development, commercialization, and innovation for these organizations. This article looks at 8 keys to pharma and biotech contracting excellence that anyone involved in a pharmaceutical contracting process should embrace.

Your approach to contract management can play a major role in the success of your pharmaceutical or biotech company. Embracing modern and data-driven contract management software can provide a huge competitive advantage for pharma and biotech organizations when navigating supply chain dynamics, regulatory requirements, and other important legally binding activities.