Contract Management Blog

It happens much more often than any contract manager would like to confess. A potential client requests an estimate of how long it would take to complete an X project and what would be the total cost. Without hesitation, the contract manager provides a range of values. Let’s look at six ways to make project estimate more accurate.

NAV CANADA is the world’s second largest air-traffic control agency and has been praised around the world for its paper-less technology that results in shorter flights and smaller fuel uses. Let’s review some of the key lessons that contract management professionals can learn from the implementation of a digital air-traffic control system north of the border.

As the saga resulting from the Hanjin Shipping bankruptcy continues to unravel, take proactive steps to establish policies for your contract managers to deliver outstanding customer service for customers in distress, review and update existing clauses to hedge against extreme price variations, and review and localize best efforts clauses.

While only major data breaches from publicly traded companies and major corporations may make the news, there are still plenty of attacks on small, medium, and large enterprises on a daily basis. Your best plan of prevention is to educate your employees on best practices both online and offline. Let’s review three ways to improve the security of your contract management processes.

Within the field of contract management, electronic signature software is a powerful digital tool that many enterprises within the field still haven’t adopted. Let’s review a couple of tips to make the implementation of e-signature more agile and streamlined for your enterprise.

You’ve finally proven your case to the appropriate decision makers and given the green light in implementing the software in your enterprise. Now it’s the moment to truly demonstrate the ability of contract software to reduce the error rate across contracts and provide a company-wide data repository in real time. To help you choose the right CLM software, here is a checklist of key seven features to look for.

The most common excuse for poor contract performance is to blame the client. Instead of reacting to issues as they arise, contract managers should be on the lookout for certain red flags for potential conflicts and act proactively to deliver outstanding service. Here are three difficult client management scenarios and how to manage them.