As contract management continuously evolves amidst constant digital transformation, you can find various ways to improve your processes. Rather than fall behind with manual contract management processes that require disparate tools - such as email, spreadsheets, wet signatures, and postal mail – read on to see how you can improve your contract management processes with future-minded contract management software.
CobbleStone Software’s Executive VP and Founder, Mark Nastasi, narrows down his top eight items of recommendation to help you lead your legal digital transformation in 2022.
Managing contracts from requests to renewals can prove difficult when relying on primarily local processes. Without effective remote contract management tools, you can find yourself running into inefficient contract management processes that limit workplace flexibility and create contract workflow bottlenecks. Read on to learn how leading contract management software can support remote contract management success.
Managing contract risk is crucial in ensuring the health of a contract. Overlooking unchecked contract risk variables can have catastrophic consequences for not only contracts – but for your organization as a whole. In order to avoid wasted time, wasted revenue, a damaged organizational reputation, lawsuits, and more – embrace contract risk management best practices. Learn how with this blog from our Contract Management Best Practices Series.
Gathering required signatures for contracts can prove challenging, especially when working with multiple signatories in various locations. Considering signatures finalize contracts and propel their post-award execution, this highly anticipated step can be delayed with manual wet signatures and disparate signing processes. Contract management best practices require leveraging speedy eSignatures for CLM process-flow success. Read on to learn how eSignatures offered by contract management software can make online contract signing quick and easy.
Contract tracking can be complicated for contract management professionals in various industries. Manual contract tracking can cut it for a while – until contract complexity and contract volume grow. Leveraging manual contract tracking methods proves problematic once your organization starts managing hundreds or thousands of contracts and – in time – contract failure rates increase. Leave contract tracking methods involving manual paper and filing systems, disjointed spreadsheets, and decentralized emails in the past in favor of something better. Learn how with this blog from our Contract Management Best Practices Series.
Contract assembly (or contract document assembly) is essential in contract lifecycle management. Contract stakeholders and document assembly resources gather to assemble a cohesive and accurate contract document. However, inefficient contract document assembly processes involving the lack of a central location for contracts, scattered contract clauses, outdated contract language, subcontracts disconnected from related contract documents, and no clarity regarding up-to-date contract document versions can leave your organization open to increased risk. Contract risk can include contract non-compliance, revenue leakage, unfulfilled obligations, lawsuits, and missed opportunity. Avoid contract risk and get the highest ROI from your contracts by discovering how to expedite contract document assembly with leading contract management software. Read this entry from our Contract Management Best Practices Series.
Managing the contract lifecycle with manual processes can create contract management bottlenecks that waste time and energy. Fortunately, you can automate contract lifecycle management with contract management software tools that can streamline each stage of the contract lifecycle. Read on to discover how you can leverage the next best practice within our series by automating contract lifecycle management.
Contract management software can help organizations increase revenue, decrease bottlenecks, and enhance efficiency. However, many contract management software platforms lack a means of viewing key data at a glance. Read on to discover the benefits of dashboard contract management and how leading contract lifecycle management software that offers various dashboard options can drastically improve contract analytics.