Contract Management Blog

Organizations that understand the vital importance of contract management are increasingly making the decision to use contract management software, which can significantly increase the efficiency of the contracting process.  And a critical aspect of any contract management software system is its capability for digital signatures, which use asymmetric cryptography technology to authenticate that a signature was created by the person sending the message and that it wasn’t altered once it was sent.

Many organizations—despite insisting that they have an adequate contract management process—in reality have a “sign and forget” mentality that leads to costly inefficiencies.

Contract management has traditionally been a haphazard process that resists efforts at internal coordination. Paper documents containing important contract information are often stored in multiple locations, despite the best intentions for centralization. Even electronic contract-related information (e.g., Excel spreadsheets, Word docs) is often dispersed throughout an organization, saved in places where it’s not accessible to all key people.

Top-performing companies in a wide range of industries are replacing cumbersome and inefficient paper-based contract management with contract management software, which integrates all contract-related information in one place, where it can be readily accessed and easily analyzed.

Contract Management in the Cloud for Small & Medium-Sized Businesses For small and medium-sized businesses, the initial cost of implementing contract management software can be daunting. But the inability or unwillingness to invest in contract management software (CMS) can lead to a multitude of costly problems down the road. According to a recent article in…

The 3 Main Benefits of Using Electronic Signatures

Your company is growing at an advanced pace and you are still stuck in the 90’s running your entire contract processes through a spreadsheet. Not only you have a single person responsible for updating it but also you have shared this spreadsheet through email, Google Docs, and Dropbox so many times that you are not really sure who had or, even worse, still has access to it.

On September 2011, eWeek Senior Writer Chris Preimesberger reported that analysts of the IT industry estimate that about 30 to 40 per cent of IT shops have no disaster recovery systems in place or don’t know how to implement existing ones correctly.