Contract Management Blog

In a previous post, we reviewed the top three pitfalls in contract management, which were all related to how processes are run. However, all of those pitfalls can only be addressed when the right culture is in place. In this article, we will review five strategies to create the right culture in your enterprise to optimize your contract management processes.

When you work in contract management, you may feel as if you’re constantly putting out fires. And even though your contract management team faces challenges on a regular basis, it hasn’t been able to focus on the root cause of these challenges. To help you focus on the key issues, here are the top three pitfalls in contract management and tips for how to prevent them.

Contract management processes can be vastly complex, but at their core, they are all based on a simple concept: the ability to uniformly track all aspects of, and actions related to, the contracts of your enterprise. A key part of tracking in contract management is to keep all employees accountable for their actions and inactions. In this article, we will review four strategies for improving employee accountability in contract management.

Google has estimated that 70% of Americans take a look at product reviews online before making a purchase and that 79% of consumers use a smartphone while they shop. This is why it’s critical to harness the power of the Internet to improve the self-promotion of your enterprise and enable your potential customers to find your enterprise more easily. To fully leverage the Internet to promote your enterprise, here are some key important points to consider.

The fourth quarter is here and many enterprises are evaluating ways to handle the extra business during the holiday season and the necessary coverage for employees who will take vacation during that period. Despite happening every single year, the hiring seasonal staff is often done as a last-minute item. To help you strategize your upcoming seasonal hiring needs and evaluate your currently implemented ones, here are five key potions to consider when hiring seasonal employees.

Back in 2015, the credit card industry failed to meet its self-imposed deadline to convert to chip technology, continuing to leave consumers exposed to credit card fraud and imposing upon itself the burden of being responsible for covering the costs of fraud (the government indicated that financial institutions that don’t meet the deadline become liable for fraud costs). To help you reenergize efforts in your enterprise, here are four measures to overcome compliance fatigue.

While nobody can deny the usefulness of this business tool, enterprises shouldn’t turn a blind eye to the inherent dangers of relying in interconnected spreadsheets for contract management. Let’s review at a couple of the reasons why you should stop using spreadsheets for contract management.

As you open Word document named “Government Bid v10 DDedit9 revisedFinal Final_Final.doc” you’re wondering what version you’re really working and whether or not everybody that needed to review the doc actually did. It’s possible to track changes in contract management without you going insane. Here are five best practices to make it a reality.