What is an executed contract?
What is an executed contract? Contract execution is a critical stage in contract lifecycle management. By this point, the terms of the contract have been negotiated. Parties involved have ensured that
Eight contract negotiation strategies for a win-win outcome
Eight contract negotiation strategies for a win-win outcome Nearly every business relationship involves a contract. At the crux of every contract is back-and-forth negotiation and contract management. This undertaking requires
Work smarter not harder
Three productivity hacks for contract managers Looking to elevate your productivity and value during contract management? Well, contract managers often find themselves juggling multiple responsibilities related to the contract lifecycle. Manually
Three challenges solved with secure document storage solutions
Secure document storage can greatly benefit organisations of all sizes. From data breaches to unauthorised access, protecting sensitive information and making the most of documents has become increasingly difficult. However,
Four types of contract risk mitigated by contract management software
The potential for contract risk is everywhere in the contract lifecycle…from missed deadlines to compliance issues and costly errors. Without a structured approach to managing contracts, organisations can quickly find
Three signs that it’s time to upgrade your contract management software
Contract management software is instrumental in automating the drafting, negotiation, execution, and oversight of contracts. Naturally, there are some solutions that are better fitting for your organisation than others. Because of
Four important contract management performance metrics
When managing contracts, performance monitoring is one of the most important ways to measure success. With a large variety of contracts, all with different terms, it can be difficult to
Three steps to a winning supplier management strategy
Procurement and supply chain professionals deal with an extensive and increasingly complex network of suppliers. These individuals can struggle with the inefficiencies of manual processes when managing contracts and tracking
5 tools for successful contract management in 2025
With new advancements and options for effective contract management continually evolving, we’ve detailed five essential contract management tools contract managers can empower themselves with to navigate the ever-changing landscape of
Four ways to use machine learning in supply chain management
Four ways to use machine learning in supply chain management Like many other business processes, supply chain management is being positively transformed by machine learning and AI technologies. Key innovations
The role of contract management in mergers and acquisitions
Mergers and acquisitions (M&A) can be necessary and beneficial growth strategies for many organisations. However, M&A transactions are complex and require more than just strategic vision and financial acumen; effective
The consequences of poor contract management
The consequences of poor contract management Contracts can be a headache. They’re the backbone of any business relationship, but when contracts are poorly managed, the ripple effect can be significant.