5 Security Best Practices for Contract Management

Security breaches can result in the most severe and highest profile consequences for your business, especially in today’s hyper-connected world of social media. Here are 5 security-focused best practices you can implement to better protect your contracts.

5 KPIs for 2019 to Increase the Performance of Your Contracts

Building solid contracts and contract management processes is key to the success of your business. Given the wealth of data produced by the creation and management of your contracts, lots of key performance indicators (KPIs) are available to evaluate your processes. Here are five KPIs you can use to increase the performance of your contracts this year and make good on an important New Year’s resolution.

Taking the First Step to Digitally Transform Your Legal Department

An astonishing 81% of legal departments are not prepared to support their company’s digitization process. That’s a worrisome figure given that legal departments and the contracts they execute define our business relationships and are the backbone of any organization. Let’s look at the first and most critical step to take when setting the foundation for contract – and legal — digitization.

What Is Contract Management Software?

Anyone who deals with contracts understands that they are not just an administrative part of their business, they’re also a strategic one. When managed effectively, contracts are a critical element for minimizing legal, financial, and brand risk. This informative article provides a primer on contract management software, its terminology, features, processes, and how it works.

4 Ways to Streamline Grant Management

Grant managers and contract managers have a lot in common. Both are faced with a growing number of administrative burdens created by increased complexities, rules, and regulations in managing the lifecycles of legally binding agreements. For grant management, those burdens are often amplified given the need to operate within very tight budgets to ensure the maximum amount of funding goes to grantees or projects. This article looks at four ways contract management software can help grant managers streamline and automate the grant lifecycle across the pre-award, award, and post-award phases.

How GDPR Affects International Data Transfers

Now that General Data Protection Regulations (GDPR) went into full effect as of May 28, 2018, many companies seem to be rushing to comply with the latest guidelines on privacy. The reality is that data protection laws have existed for many years not only in Europe but also in many other parts of the world.

The Dangers of Smart Contracts

You know it’s been coming for a long time. On January 1, 2019, the new lease accounting standards from the Financial Accounting Standards Board (FASB) will take place for public companies (2020 for private companies). On that date standards regarding operating leases with terms greater than one year will go into effect. While it may seem that day is still far away, the reality is that implementing the new processes will take time and plenty of preparation.

How Contract Management Software Helps with FASB Lease Accounting Standards

You know it’s been coming for a long time. On January 1, 2019, the new lease accounting standards from the Financial Accounting Standards Board (FASB) will take place for public companies (2020 for private companies). On that date standards regarding operating leases with terms greater than one year will go into effect. While it may seem that day is still far away, the reality is that implementing the new processes will take time and plenty of preparation.

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