Latest Blog Posts and Articles from Contract Logix.
Security breaches can result in the most severe and highest profile consequences for your business, especially in today’s hyper-connected world of social media. Here are 5 security-focused best practices you can implement to better protect your contracts.
Building solid contracts and contract management processes is key to the success of your business. Given the wealth of data produced by the creation and management of your contracts, lots of key performance indicators (KPIs) are available to evaluate your processes. Here are five KPIs you can use to increase the performance of your contracts this year and make good on an important New Year’s resolution.
An astonishing 81% of legal departments are not prepared to support their company’s digitization process. That’s a worrisome figure given that legal departments and the contracts they execute define our business relationships and are the backbone of any organization. Let’s look at the first and most critical step to take when setting the foundation for contract – and legal — digitization.
Grant managers and contract managers have a lot in common. Both are faced with a growing number of administrative burdens created by increased complexities, rules, and regulations in managing the lifecycles of legally binding agreements. For grant management, those burdens are often amplified given the need to operate within very tight budgets to ensure the maximum amount of funding goes to grantees or projects. This article looks at four ways contract management software can help grant managers streamline and automate the grant lifecycle across the pre-award, award, and post-award phases.
Realizing the full potential of a real estate transaction requires visibility into organized and actionable data that can help guide better decision-making. Leading real estate companies have discovered that incorporating tech tools throughout the contract lifecycle allows them to achieve better results.
In contract management, data is one of the most valuable assets for any company. That’s why more and more enterprises are ramping up on preparing against a wide variety of external efforts to acquire internal data. However, sometimes the threat can come from within.
Now that General Data Protection Regulations (GDPR) went into full effect as of May 28, 2018, many companies seem to be rushing to comply with the latest guidelines on privacy. The reality is that data protection laws have existed for many years not only in Europe but also in many other parts of the world.
You know it’s been coming for a long time. On January 1, 2019, the new lease accounting standards from the Financial Accounting Standards Board (FASB) will take place for public companies (2020 for private companies). On that date standards regarding operating leases with terms greater than one year will go into effect. While it may seem that day is still far away, the reality is that implementing the new processes will take time and plenty of preparation.
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