Contract Insights

Oh no!  It happened: contract lifecycle process failure.  Something went wrong during contract lifecycle management - resulting in contract failure.  But fear not; as a contract management professional, you are a worthy investigator.  It is time to put on your detective hat, grab a notepad, and piece together the clues as to why your contract lifecycle process failed.  You can also inspect how this tragedy could have been avoided with contract management software.  Let the investigation begin!

As contract management continuously evolves amidst ongoing digital transformation, it's important to pursue smart goals that can keep up with the times.  Rather than fall behind with manual contract management processes that require disparate tools - such as email, spreadsheets, and shared drives – read on to see how you can leverage future-minded contract management software tools to fulfill your contract management goals successfully.

Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails.  Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks.  Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

Over the last year, our clients - legal professionals - have expressed their seemingly increased workload for reviewing contract documents, negotiating agreements, and signing contracts.  Recently, I was asked: "When do you know it is time to hire a full-time legal professional for contract management and legal review?" Considering the innumerable times I've been asked this question, I resolved to write a thorough and thoughtful response as a blog that aligns with our audience of contract management software users and prospective CLM users as well.  Discover 5 steps to determine if you need to hire a full-time legal reviewer or paralegal.

As a contract management professional, you must be able to cook up a deliciously low-friction contract negotiations process.  However, without a centralized and organized system for contract negotiations, you can end up burning the meal for all contract lifecycle management stakeholders at the table.  But fear not: leading contract management software can be the secret ingredient to a savory, delectable contract negotiations process.  Read on to learn how.

Contract management is a multi-faceted process.  Without oversight over each stage in the life of a contract, your organization can suffer from process bottlenecks, missed contract obligations and tasks, wasted time, lawsuits, decreased revenue, and missed opportunities - to name a few.  Fortunately, you can increase your ROI by better understanding approaching contract management.  Here are the four phases of contract management and how to tackle them with contract management software.

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.

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.