Contract Management Blog

Some contract managers wished they had extra time to prepare compliance reports or review the latest contract version. By using a contract management software, your team can finally get a hold on that much needed extra time. Here are six ways that contract management software streamlines your processes.

Upon their founding most companies are without the benefit of contract management software because they believe that it is not a necessary investment. The reality could not be further away from the truth. Here is a brief business case study on the importance of keeping track of the fine print of your contracts with a contract management software solution.

The more trust that your clients have in you, the more able that you are to thrive in your profession. It is critical to have a stable and strong backing from a well-established enterprise that offers a full range of products and services. Still, having a strong partner can only get you so far. Here are four strategies to further strengthen your contract management resume.

The central role of marketing research in contract management is to understand the relationship between your clients and your company – and then being able to articulate that relationship in a way that makes current and potential clients want to work with your enterprise. With that primary purpose in mind, it’s imperative to hear the voice of your clients. Let’s examine the role of market research in contract management.

While some managers may quickly jump to defend their weekly status meetings, consider this: researchers for Harvard Business Review found that the employees at a large company spent 300,000 hours a year supporting a weekly executive meeting. Just as there are ways to improve any process, there are many ways to improve your contract management meetings…

In a December 2015 article for the Harvard Business Review, Erin Meyer, a professor at the INSEAD School of Business and author of The Culture Map, provides five key negotiation skills to improve your cross-cultural negotiation. Here is a review of those skills with some applications.

By implementing best contract management practices, sourcing teams of best-in-class enterprises realize average yearly savings of 12.8%, according to the same report. Among those best practices is the use of contract management software to automate contract management processes. Here is an overview of what processes can be automated.

The larger is the size of an organization, the longer is its lag between the execution of the modified language and somebody finding about the existence of that deviation from approved language, if at all. In this article, we will review what are common sources of deviation from approved contract language and how to minimize those instances through the use of contract management software.