Contract Management Blog

The mission of the ACFE is to reduce the incidence of fraud and white-collar crime and to assist the membership in its detection and deterrence. There is reasonable evidence to suggest that the use of its top prevention and deterrence techniques should allow prevention and deterrence of accounting fraud in contract management. Let’s review the top 6 prevention guidelines suggested by ACFE to detect accounting fraud.

Whether you’re experiencing a slow quarter and looking for a boost, or just looking to go the extra mile, there are several ways you can can incrementally increase revenue from your contracts. And while some things may be out of your control, here are 3 ways you can grab the reins and boost revenue for your company.

When you are dealing with high volume, you want to have information available within a snap of a finger. If you are in the business of contract management you want to empower your employees to have up-to-date data available before they arrive to their next destination and to allow them modify that same data on the fly if there are changes upon their arrival. Here are three reasons why implementing cloud-based technologies can be worth the effort.

According to a study from consulting firm Emergent Research and financial software company Intuit, the percentage of U.S. small businesses using cloud computing is expected to more than double by 2020, from 37% in 2014 to 78% by 2020. It may be just a matter of time, until your enterprise has to evaluate whether or not to make a shift to the Cloud. Let’s look at why security certifications SSAE-16 and SOC (Service Organizational Control) are essential to determine the data security and availability of a vendor.

The concept of cross-price elasticity of demand is essential to competitor identification and market definition because the cross-price elasticity of demand measures the degree to which products substitute for each other, that is whether they are competitors in the same industry. Let’s review why the effects of cross-price elasticity of demand are important in contract management

For most enterprises, deadlines are managed using an “out of sight, out of mind” mind frame. We tend to act on the deadlines that are nearest to us. This behavior comes at a cost. Procrastination statistics suggest that 40% of people have experience financial loss due to procrastination. Instead of just reacting to deadlines, contract managers should be more proactive towards them. In this article we will discuss how to leverage deadlines to streamline your contract management processes.

Ask any contract manager, “What are the top three skills of a successful contract manager?”, and you’re bound to end up with negotiation skills as one of them. Regardless of their industry, businesses could be saving resources by handling contract negotiations more efficiently. Here are four strategies to streamline contract negotiations and prevent common pitfalls.

Contract management results in an ever-increasing amount of business data and documentation collected to monitor and keep complex systems operating. When used properly a contract management system streamlines contract management processes. Here are four reasons why.