Category: Contract management

Corporate Housekeeping: The Key to Success and Compliance

Corporate housekeeping is critical to the success of any business. It involves keeping accurate records, monitoring compliance with legal and regulatory requirements, and implementing good corporate governance practices. …

How a contract generator can save time and effort

In this blog post, we take a closer look at the benefits of using a contract generator, staying compliant, and choosing the right one for your business. Whether you’re a small business owner, a freelancer, or a …

Contract Management Software Comparison: TOP15 Vendors

Contract management software is an indispensable tool for companies looking to streamline the process of contract creation, execution and maintenance. It can help companies save time and reduce the risk of errors by …

Contract management responsibilities: Overview & analysis

Contract managers play a critical role for an organization by managing and monitoring contracts throughout their lifecycle. For example, they serve as a liaison between companies, employees, customers, suppliers and …

Contract negotiation: How to negotiate in the 21st century!

Contract negotiation hasn’t changed since the advent of email, but new technologies are making it faster, smarter, and less risky. In this article, we explain what it is, why traditional approaches introduce …

Contract Management Security: 5 Best Practices

All sensitive information of a company is contained in its contracts. Therefore, contract management security is enormously important for companies of all sizes, but at the same time it is often a major vulnerability.

Contract management template excel: How to manage contracts with excel

Managing contracts is not easy, but with the right contract management template excel, managing and renewing contracts can be simplified. While we generally recommend using a modern contract management software (like …

Contract Management Process: This is how the optimal process looks like!

The contract management process is the foundation of every contract and therefore critical to successful contractual relationships. Streamlining the workflow of this normally time-consuming process comes with significant …

Digital contract signing: This is what you need to consider!

A contract is only valid if all parties involved sign the agreement. Only with a valid signature does a contract have legal force. Therefore, it is important to consider some points when using digital contract signing.

Contract management: 4 steps to optimization

Proper contract management helps meet deadlines and increase productivity while reducing liability issues. Every company needs streamlined contract management - here’s how to successfully improve your contract …

Contract management via Excel: Why this is not a good idea!

For most companies, Excel usually plays a role in contract management at some point. Excel is one of the most accessible and widely used software programs in the world, yet it is far from optimal for effective contract …

What is digital contract management?

In business, a lot revolves around contracts. And contracts pile up as companies grow and the number of transactions increases. That’s when companies realize they need a system to store, track and analyze contracts …

How contract management software reduces costs

From small businesses to large corporations, companies of all sizes rely on contracts to protect themselves and manage every aspect of day-to-day operations. Deliveries to customers, services from suppliers, leases for …

Contract management vs. document management

There is much confusion between the definition of contract management and document management. Some people use the terms interchangeably, while others consider them to be completely different solutions. So what is the …

Contract management software as the basis of business success

Contract management software makes it possible to ensure that a company’s entire contract lifecycle is flawless and legally compliant. In this blog post, we’ll explain the benefits of contract management …

The 8 phases of contract management

Effective contract management can essentially be divided into eight phases. The following article provides an overview of these phases and outlines the lifecycle of a typical contract.

What is the difference between contract management and contract lifecycle management (CLM)?

Although contract management and contract lifecycle management seem synonymous at first glance, they are not interchangeable. When looking for ways to improve legal workflows in an organization, it is important to know …

8 advantages of contract management software

Contract management software serves as a central software for companies to handle all their contract processes. It connects with existing systems, automates the entire contract lifecycle, and improves contractual …

What is Redlining?

Contract negotiations can be incredibly complex. Many contracts are sent back and forth between different parties several times before they are finalized. This back and forth is called “redlining” and is …

Why is contract lifecycle management so important?

Contracts go through a long journey, with numerous stages between creation and execution. Without proper contract lifecycle management, a company can be exposed to serious financial and operational risks. Especially when …

Why contract management streamlines processes

Regardless of the industry, contract management is an essential part of any business. Contracts form the backbone of daily business operations and are an important risk management tool. As a company grows, so does the …