What is Contract Management? Here’s what you need to know
Contracts are legally binding agreements that define and govern the exchange of goods or services. A contract’s journey – from creation to fulfilment and completion – is complex and leaves
How can your contract process be improved?
A healthy contract management process should constantly be adapting to technological advancements. As contract volume and contract complexity begin to grow, organisations must embrace digital transformation to be furnished with the right
Five cross-functional benefits of Contract Management Software
No matter what type of business environment or sector you choose, organisations are constantly looking for ways to streamline processes and improve efficiency. One such area is contract management. Contracts
Best foot forward
Venture outside May is National Walking Month and after a slow start to the year, we’ve seen some of the best weather in 2024 to encourage us to put our
What is a unilateral contract?
Definition and examples Contracts are an essential aspect of everyday business operations (and even everyday life in general). They govern myriad transactions and agreements – serving as the cornerstones of
Five essential contract management tools
1. Secure contract repository system The problem with manually storing contracts Many leading organisations use digital contract and document storage tools for efficiency and productivity. However, many still rely on
What is contract management in healthcare?
What is contract management in the context of the healthcare industry? What steps, tasks, and requirements are involved? What does your organisation need to do to maintain proper healthcare contract
Seven ways contract builders streamline CLM processes
As organisations of all sizes evolve to manage evermore complex and numerous contracts, efficient contract management is crucial. Contracts are vital in establishing and maintaining business relationships, safeguarding legal rights,
Spring forward – welcome to daylight saving
This weekend brings the long-awaited end to winter – in theory at least – as we spring forward into our favourite form of daylight saving. One less hour in bed
Ten contract management system requirements your solution needs and why
There are many efficient contract management platforms on the market for small businesses, expansive enterprises, and those in between. As such, searching for the best contract management software with which
Contract risk management – breaking down the basics
A proper legal risk management process is critical for the preservation of a healthy contracting process. Failure to adequately manage contract risk can be disastrous. Harmful contract risk oversights affect
March into spring with the best procurement software
Ineffectual procurement strategy can lead to elevated risk, dark purchasing, supplier issues, data inaccuracies, and a drawn-out purchasing cycle or procurement cycle. To avoid wasting time, squandering opportunities, and mismanaging