contract workflow
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Read this blog for a rapid, high-level, general overview of Contract Insight®, its purpose, and some of its key features.
Let’s get started with your Contract Insight crash course. Most organisations from a wide variety of industries provide products and services. Their processes often require partners – such as vendors, suppliers, customers and subcontractors.
As legal, you hold a tremendous responsibility within your organisation – especially with managing internal stakeholders and maintaining efficient processes with external stakeholders. Relying on disparate and manual contract management processes can create an inefficient contract management process that can waste time, decrease revenue and increase risk.
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The health of your contract lifecycle relies upon efficient contract task management. Manual methods for completing contract tasks relating to pre-award and post-award contract lifecycle management can be error-prone, inefficient and tedious – potentially decreasing your organisation’s ROI.
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In the wake of unpredictable circumstances such as the ongoing COVID-19 pandemic, your organisation is more than likely allowing its employees to work remotely. No matter which relevant you are working in, you must be supported with a sufficient system in place for contract management, sourcing, and procurement operations.
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2021 has arrived, and with it come new innovations to your contract management software processes. With this is mind, we’ve outlined six critical contract management tools that your organisation should equip itself with to stay ahead of best practice contract management in 2021 and beyond.
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