Contract Management Blog

Contract managers can sometimes get so busy with day-to-day operations that the renewal dates for existing contracts just seem to sneak up on them. Sometimes it even appears that those contract renewal dates pile up during the busiest of periods. While business development may seem at first look to be an assignment strictly for members of the marketing and sales departments, the reality is that contract managers can provide essential support and streamline the entire process. Let’s review how contract managers can achieve this.

For any enterprise pursuing international work, no area is more important than the formal agreement between the enterprise and its client. To help you make the leap across borders, let’s review key considerations in contract management when working abroad.

While many business owners often feel that going through the court system is the only way to arrive to a resolution, the reality is that mediation stands as a time-saving, private, and less contentious alternative. Let’s review some reasons why your enterprise should take a second look at mediation to solve business disputes.

In a survey of 550 U.S. individuals who are responsible for the creation, editing, and/or management of contracts at manufacturing companies, nearly one in four respondents either doesn’t know contract management software exists, or doesn’t know what to look for in a CLM solution. To help you evaluate CLM software, let’s review why remote access to your contract data is one of the key features to look for in a contract management solution.

Through a survey of 264 U.S. individuals responsible management of contracts at companies with at least $5 million in annual revenue, we were able to get a comprehensive view into the state of contract management in the business services industry. In a previous article, we reviewed five challenges in contract management in the business services industry. In this article, we’ll take a look at four additional challenges frequently cited within the business services industry.

Email is among the top two alternatives to CLM software used by enterprises across several industries. In the manufacturing industry, 79.64% of respondents to a Contract Logix survey indicated that they used email for contract management processes. While email is indeed a useful way to gather contract data from clients and third parties, it can leave your enterprise exposed to risk. Let’s review a couple of reasons why is important to use forms for data in-take.

To take a closer look at the contract management needs of companies with at least $5 million in annual revenue within this sector, we surveyed 264 U.S. individuals who are responsible for the creation, editing, and/or management of contracts at business services companies. Let’s review what are the most pressing contract management challenges in the business services industry.

If you’re a contract manager who would like to spearhead an initiative to adopt CLM software in your manufacturing company, here you’ll find a useful set of common obstacles within your industry. Let’s review the three most common obstacles provided by Contract Logix’ survey respondents – and how to address those obstacles to increase the chances of success.