Contract Management Blog

Contract management is a field that requires many skills. In an article from IACCM, Richard Waugh, Vice President, Corporate Development, at Zycus Inc. recommends that contract managers think more like consultants. Among the consultant skills that he recommends to contract managers is the ability to find the “root cause.” In this article, we will review four contract management mistakes that often are the root cause of problems and how to avoid those mistakes.

Spreadsheets, Word docs, emails, calendars… It’s so easy to spend a whole afternoon trying to chase all these different resources in search of data to determine where exactly your team stands on all of its contract management processes. Let’s look at 6 ways dashboards facilitate contract management.

Throughout March 2015 the negotiations between Howard Stern and SiriusXM got pretty intense. Let’s look at 3 contract management lessons that can be learned from them.

A poll of over 1,000 frequent business travelers found that 67% of them work twice as much on the road as they do in the office. But it is just not a matter quantity: contract management performed on the road also needs to be efficient and effective. Here are four tips to do contract management processes more efficiently during travel.

Conventional wisdom among contract managers is that contract language needs to be as precise as possible. The reasoning is that you need to cross all your t’s and dot all your i’s so that you minimize every single possible risk. However, there are occasions where you need to avoid complexity, leave certain items unregulated, or modify existing clauses. Let’s take a look at why you need to keep track of language in your contracts.

Just like individuals, companies need to take a time for retrospection. Here are four critical questions ro ponder that can go a long way toward improving your company’s contract management processes.

A study from the Aberdeen Group indicates that best-in-class enterprises demonstrate rates of contract compliance that are over 2.4 times  higher than their competitors. Here are three steps to increase the focus on compliance in your contract management processes.

New recruits are essential to the future of your company. However, they can only become true assets to your enterprise if your training program empowers them to develop the necessary skills to thrive in your enterprise. Here are five tips for training first-time workers in contract management.