6 Critical Contract Management Tools for 2021

By Sean Heck on 06/14/21

2021 has arrived, and with it comes new innovations to your contract management software processes.  Keeping this in mind, we have outlined six critical contract management tools that your organization should equip itself with to stay ahead of future-minded contract management best practices in 2021 and beyond.

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We Give an Illustration That Shows the Stages in the Life of a Contract

By Sean Heck on 06/11/21

In order to get started with improving contract lifecycle management, there first needs to be an understanding of what exactly the contract lifecycle is - as well as how it progresses.  To that end, we have provided an illustration that shows the stages in the life of a contract - as well as descriptions that give more insight into how each stage involves and can be managed with contract management software!

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The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 05/10/21

Contracts are legally binding - and thus need to be executed properly.  As such, organizations should be equipped with a thorough understanding of the contract lifecycle.  The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed.  The “lifecycle” is an archetype used to compartmentalize and understand a contract’s complex evolution.  The lifecycle begins with contract requests and concludes when said requests are fulfilled - with the possibility of contract renewal.  Learn about the eight stages of the contract lifecycle below.

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How To Improve Legal Operations With Contract Management Software

By Sean Heck on 04/23/21

In-house counsel, paralegals, and other legal professionals are eager to streamline legal operations with lower cost and increased ROI.  As such, they should be happy to know that there is a way to optimize and centralize spend management, efficiency and productivity, communication, contract lifecycle management processes, contract data analytics, and more.  Here is how to improve legal ops with leading contract management software.

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