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Contract Management Blog

Latest Blog Posts and Articles from Contract Logix.

5 Trends Impacting Pharmaceutical Contract Lifecycle Management

Dealing with challenging trends such as rising costs, evolving supply chain dynamics, the need for faster innovation, slowing growth, and policy and regulatory changes are an ongoing reality and have a direct impact on a pharma or biotech organization’s contracts. Whether it’s buy-side agreements with suppliers, sell-side negotiations with Pharmacy Benefit Managers (PBMs), or even managing clinical trials with Contract Research Organizations (CROs), contract management plays a vital role. This article looks at each one of these trends as they relate to pharmaceutical contract lifecycle management.

How to Keep Contract Managers Engaged

In these times of remote work, online education, group gathering bans, and lack of travel, how in the world can we expect contract managers to stay engaged? In this article, Contract Logix’s CEO, Rick Ralston, shares some valuable insights about how to keep contract managers engaged in your business with some creative and impactful intrinsic and extrinsic motivators such process ownership, thoughtful challenges, peer recognition, and proper expectation setting.

Contract Logix Transforming Contract Lifecycle Management Industry with Skyrocketing Growth

Contract Logix, a leading provider of data-driven contract management software, today announced the number of contracts executed in its software using electronic signatures has skyrocketed by 682% during COVID-19. The company has also seen triple-digit increases in the number of contracts, documents, contract requests, and tasks that customers manage with its software as more and more companies turn to digital contract transformation (DCX) to harness the data in their contracts to deliver the actionable business insights critical to recovery in a post-COVID economy.

Contract Logix Recognized as a Top Five Best Contract Lifecycle Management Software Vendor

Contract Logix was recently recognized as a top 5 best contract lifecycle management tool on GetApp, an influential Gartner site that ranks business software. GetApp features research, insights, trends, and validated user reviews, giving buyers the tools they need to make informed decisions when exploring software products. To gain a top five ranking, products needed to have a rating of 4 or higher, and “offer all of the core features and at least half of the common features of content lifecycle management software.”

Save Time and Effort with Contractual Agreement Templates

Contract creation and authoring tools are key components of a modern CLM solution. With Contract Logix, centralized storage of contract templates makes them easy to access and simple for users to generate properly formatted contracts, which in turn removes a significant burden from overworked legal staff. More importantly, it ensures that everyone is using the most up-to-date and legally-compliant language, and that can save you much more than your time. It can save your business! Learn how.

Get Contracts Processed in a Jiffy Using a Self-Service Contract Request Process

Empowering your employees with a self-service contract request process using online contract request forms is an excellent way to increase efficiency, accuracy and save time. It helps free up your legal resources to focus on more strategic activities by eliminating the typical back and forth when gathering required contract-related information. Learn how.

Contract Logix Bucks Another Trend with Its Internship Program

Our local paper, the Lowell Sun, recently highlighted Contract Logix’s decision to buck recent trends of many companies reducing interships by continuing to provide opportunities for software development interns studying Computer Science at UMass Lowell. The feature story highlights our full-time developer intern turned full-time employee, Adam Tremblay, as well as CEO, Rick Ralston, and CTO, Tim Donaghy, from our leadership team. Read more to learn about the program.

Contract Reporting: “Crunching” the Numbers

Your contracts contain a wealth of data and increasingly the conversations we have with contract professionals focus on the importance of leveraging that data. They get it. They know that if they can extract value from the data in their contracts then they can optimize those legal agreements and provide a ROI to the business, and reporting is a valuable and essential tool in that effort. Read more to learn about some of the reporting capabilities of our contract management software.

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