Contract Insights

Managing various types of entertainment and media contracts from varying locations, often internationally, with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations.  Dealing with and tracking a high volume of contracts – from intellectual property contracts to option agreements, among many others - can be tremendously challenging without the right contract management system in place.

Why do you trust your software provider?  Is there any specific criteria by which you measure a software system’s trustworthiness in protecting sensitive and confidential data such as PCI (payment card information), PII (personally identifiable information), employee information, client details, vendor data, and vital contract data?  With increased risk of data and security breaches, especially during such uncertain times as these, you should be confident that your information is stored on a trusted platform.  Read on to learn how to use such a trusted platform, along with the importance of SOC compliance.

Purchasing teams can find it challenging to maintain clear communication and manage purchase orders using primarily disparate and manual processes – such as paper-based filing systems, phone calls, emails, and spreadsheets.  Without a streamlined electronic process with end-to-end purchase order management oversight, purchasing strategies can be challenged by unnecessary workflow bottlenecks that can undermine productivity and frustrate purchasing teams.  Thankfully, leading purchase order management software can streamline the purchasing process, expedite and improve purchase order workflow, and offer full asset lifecycle management with holistic oversight.

The COVID-19 pandemic has left educational institutions in a state of disarray.  In such unprecedented times, education contract managers - especially when overseeing contract management teams remotely - cannot rely on antiquated education contract management procedures.  Amidst such unforeseen circumstances caused by the COVID-19 pandemic, education contract managers can learn how to leverage the following key digital contract management processes within a scalable and centralized contract lifecycle management system to maximize their contracts’ value and optimize their workflow.