4 Factors Impacting Contract Management Software Purchases

By Maisie Brooks on 10/1/18

Contracts can play a crucial role in running your organization. Contract management expertise alone isn’t enough for organizational success if your team is left wading through spreadsheets and time-consuming, error-prone, manual document management processes.

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5 Must Have Software Features to Improve Contract Management

By Jamie Reedy on 04/3/18

Choosing the right software with the right features can make all the difference. 

Managing contracts is something that almost all industries do daily. A single company can have contracts in place for a variety of reasons which could include facilities, personnel, clients, the real estate they operate in, and so much more. Whatever the case may be, these contracts have their own stages and lifecycles that are important to stay aware of through their duration of activity.

It’s hard to imagine, with today’s advances in technology, that there was a time where manual contract management was the standard process at most organizations.  Hard copies were stored in filing cabinets and some contract administrator or designated personnel had to make a conscious effort to check in on these records and ensure things were running smoothly.

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Will Authoring Contracts From Templates Benefit Your Team?

By Dylan Bari on 06/8/16

Contract writing and authoring can be the easiest or most complex step of thecontract lifecycle management process. Whether the contract is going to contain a minimal amount of information, or if it is going to contain hundreds of different terms and clauses; writing all of these contracts can be a daunting and time-consuming process. Because of this issue, select providers of contract management software have a solution. By using contract templates, your authorized users can easily author a new contract by using rules-based text and clauses. This feature is beneficial in many ways, but a few of the key benefits can be outlined in more detail below.

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Benefits of a Software Suite with Full Procurement and Contract Lifecycle Management

By George Miller on 05/5/16

Organizations across every industry are responsible for tracking, managing, and storing their contracts and agreements with vendors, clients, and partners.  For many companies with contracts and committals with vendors, tracking the sourcing of those agreements is essential.  Whether agreements with vendors are reached with simple or complicated procurement processes; a software suite with full procurement and contract lifecycle management can be enormously beneficial to any organization.

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SaaS vs. Locally Deployed: Which CLM Option is Right for Your Business?

By Dylan Bari on 04/7/16

You’re in need of contract lifecycle management software. You’ve found a product that is a good fit for your organization. However, some of these products are offered as a SaaS deployment, some products are offered as a local deployment, and some products can be offered as both a SaaS or local deployment option; and you are unsure which option is the most beneficial for your business. Do not worry. Your questions, concerns and uncertainties about which deployment option is right for your business will be answered in the reading that follows. Before you make a decision, the benefits of both the SaaS and locally deployed option should be outlined.

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Are Contract eSignatures Legal? Will eSignatures Hold up in Court?

By George Miller on 03/11/16

Electronic signatures are a must to streamline your contract management process.  They allow organizations to create efficiencies that expedite preexisting processes and reduce financial costs.  However, there are still individuals and organizations that question whether or not contract electronic signatures are legal and whether eSignatures will hold up in court.  The question is valid; potential litigation is a serious threat to any organization.  Judicial decisions and legal precedent in the United States have left very little ambiguity on whether or not contract electronic signatures are equivalent to handwritten signatures.  Organizations that use eSignatures should take comfort knowing that the courts have been on their side since 1869.

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Contract Management Software: Why Colleges and Universities Need it

By Dylan Bari on 02/25/16

Institutions of higher education use contracts for many purposes; whether ensuring the delivery of products and services, or fulfilling student, public, or organizational objectives, colleges and universities have a variety of instances where contracts must be utilized. Accordingly, with the overwhelming amount of contracts that these institutions use, it would be beneficial and more efficient for the institution to use contract management software. The benefits of using contract management software are abundant in higher education, but a few key benefits can be highlighted below.

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Increase Revenues with Sales Contract Management Software

By George Miller on 01/25/16

Revenue generation is the front line for all for-profit organizations.  The less efficient an organization’s sales team is, the less customers an organization will acquire; the less customers, the less revenue.  Most companies have goals oriented around maximizing revenue.  In order to maximize revenue, companies need to maximize their customer or client acquisitions.  The best way to help reach those goals is to have the most efficient sales team possible.  Contract Management Software can make any organization’s sales team more productive and more profitable by leveraging these tools:

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Contract Management Software: A Paralegal’s Dream Come True

By George Miller on 01/11/16

Paralegals are key resources for lawyers, law offices, corporations, government agencies, and many other organizations.  As a paralegal, you may typically be tasked with storing the documents related to corporate matters, tracking key dates, reaching out to business owners for next steps, and more.  Managing those responsibilities is crucial to both your personal, and your organization’s, success.  Contract Lifecycle Management (CLM) Software is a tool that can be used by paralegals to make your job easier, you more efficient, and you more effective.

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Pharmaceutical Contract Management: Sunshine Act Compliance

By George Miller on 12/29/15

The Physician Payments Sunshine Act was passed by the United States in 2010 in an effort to increase the transparency of the fiscal relationships of drug manufacturers, medical device producers, and biological and medical supplies companies with health care providers.  The institution of the Sunshine Act demanded pharmaceutical organizations with relationships to Medicare, Medicaid, and the State Children’s Health Insurance Program (SCHIP) to collect and track data relating to their agreements with entities such as physicians and teaching hospitals. 

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