Managing various types of media and entertainment contracts from varying locations with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as emails, wet signatures, shared network drives, and cloud-based spreadsheets. Dealing with and tracking a high volume of contracts – from intellectual property contracts to talent agreements, among many others - can be tremendously challenging without a leading contract management software that centralizes your contract lifecycle management processes. Read on to learn how a centralized CLM software suite can help you achieve pre-award to post-award entertainment and media contract management success.
As your business grows, so do your responsibilities - especially as they pertain to contracts. Contract volume and contract complexity grow along with your organization. As such, it can be easy to fall into the deleterious pitfalls of contract mismanagement. Your organization will inevitably reach a point at which manual contract management methods - such as those involving disparate emails, spreadsheets, shared drives, and manual wet signatures - no longer cut it. But change is a good thing, and you can get ahead of the damaging consequences of contract mismanagement due to a manual process. How? It's simple: automate contracts with contract management software. Read on to learn how to easily get started with streamlined contract lifecycle management!
Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on outdated processes. Managing the contract lifecycle from requests to renewals can prove difficult with spreadsheets, emails, filing cabinets, and other disparate tools and systems. Without accountability, visibility, a clearly defined process, and actionable insights, organizations can find themselves running into compliance issues, not realizing contract value, and encountering other setbacks. Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and holistic contract lifecycle automation processes. Thankfully, robust contract management software with a foundation of AI and machine learning can help automate contract lifecycle management processes.