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There are many efficient contract management platforms on the market for small businesses, expansive enterprises, and those in between. As such,…
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This blog first appeared on Cobblestone Software’s site. Four are distributors of Cobblestone’s contract management system, Contract Insight. Anyone managing contracts knows about the evergreen…
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This blog first appeared on Cobblestone Software’s site. Four are distributors of Cobblestone’s contract management system, Contract Insight. Managing contracts from…
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As legal operations processes and legal technology standards evolve, it is important that organisations adapt accordingly. As contract complexity and contract volume grow, the fact that manual and outdated methods of contract management will no longer suffice is quickly elucidated. As such, organisations working with contracts must embrace digital transformation to increase revenue, decrease contract lifecycle management bottlenecks, and succeed in this ever-changing technological landscape. Read on to learn about the nature of digital transformation – and how digital transformation with contract management software can help organisations to seamlessly navigate the future of legal operations.
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Contract administration can bring forth a host of challenges. Between establishing a contract administration plan, following through with that plan within a set timeline, tracking contract financials, overseeing the contract lifecycle and planning for risk variables, contract administrators have a lot on their plate – and a lot of room for error, contract risks and bottlenecks. Fortunately, contract management software can help. Here’s how. Contract administration is the planning and execution of contracts. It involves oversight of contract lifecycle management and the tracking of counterparties, contract financials, employees, contractual risk, contract security and access, and contract management KPIs.
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