Contract Management Blog

The Importance of Contract Management Ethics The National Contract Management Association’s code of ethics calls for professionals in the contract management industry to “continuously improve their professional knowledge and job performance in the field of contract management.” The NCMA considers it unethical for professionals involved with contract management to accept the status quo and fail…

Three Essential Capabilities of Contract Management and How to Achieve Them It’s not difficult to make the case that efficient contract management should be a high priority for any enterprise. The argument can be made in many ways, but the conclusion is always the same — contract management has a significant impact on the bottom…

Why Reducing Paper Use through Contract Management Software is Good One of the many benefits of implementing contract management software is a reduction in the use of paper. This shift away from a reliance on paper has many competitive benefits, so it’s not surprising that progressive enterprises are increasingly moving to “paperless” contract management solutions….

Throughout a contract’s lifecycle, there are multiple opportunities to increase revenue and reduce costs. Multiply those opportunities by the bevy of contracts that most enterprises are administrating, negotiating, and pursuing, and it’s easy to see why effective contract management is an essential aspect of top-performing companies. Fortunately, contract management software offers an immediate solution for businesses still mired in paper-based contracting. Almost universally, the ROI is substantial.

Contract Management Software Helps to Ensure Vendor and Supplier Compliance One of the most important aspects of contract management is to ensure vendor and supplier compliance. It’s critical that contract partners adhere to the negotiated terms of contracts–a reality that a member of the United Kingdom’s Parliament thinks is eluding that country’s Department of Work…

Outlook of Contract Management in Asia Contract law in Asia has traditionally been inconsistent, and it remains so, even in the larger markets. This lack of contract clarity and unpredictable contract enforcement has, not surprisingly, discouraged business investment in Asia. In part, the situation in Asia is due to a cultural tendency in Asian business…