Contract Management Blog

To learn what are the most pressing issues in contract management in the manufacturing industry, we surveyed 550 U.S. individuals who are responsible for the creation, editing, and/or management of contracts at manufacturing companies. Let’s review what are the most pressing contract management challenges in the manufacturing industry.

On Friday January 27, 2017, President Trump issued an executive order suspending the entry of all refugees to the U.S. for 120 days, halting admission of refugees from Syria indefinitely, and barring entry for three months to residents from predominantly Muslim countries of Iraq, Syria, Iran, Sudan, Libya, Somalia, and Yemen. Let’s review some key takeaways in contract management from ongoing developments on U.S. immigration policy.

As your enterprise leverages the Internet, laptops, and mobile devices to operate faster and meet the pressing of your clientele, your enterprise is also exposing itself to a wider range of potential attacks from malicious hackers and corporate spies. This is why increasing the security of your processes should be among your contract management resolutions for 2017. To put your enterprise on track towards this objective, let’s review three ways contract management increases the security of your contracts.

Not receiving a check on time causes a wide range of problems that range from the mild, such as tapping into an existing line of credit to bridge short-term cash needs, to the very severe, such as having to stop operations due to a complete lack of funding. Let’s review some key strategies to avoid and manage a cash crunch.

2017 is now here and provides a great opportunity to set strategies that will energize and streamline your contract management processes. From establishing customer empathy to improving the on-boarding practices of new contract managers, let’s review five initiatives that you could use in your enterprise in 2017.

As organizations expand beyond their state borders, new business opportunities appear and so does the need to take a second look at your contract templates and clauses. While a standard contract approved two years ago may still serve you well in the same state that your enterprise started in, the same template may not suitable for other jurisdictions. Let’s review some key areas to which you need to pay attention to when localizing your contracts.

If you don’t know when contract processes are supposed to happen, they probably won’t happen! One of the main drawbacks of using isolated or paper-based contract management systems is the lack of visibility of the CLM process as a whole, and that’s just the beginning. Let’s review the many ways in which CLM software helps your enterprise with scheduling of contract relationships.

Among the top contract management myths to overcome is a misunderstanding of what a CLM software truly does. Whether your enterprise is considering the implementation of a CLM software or have one already up and running, help your contract management team overcome the following CLM software myths…