Contract Insights

Are you a small business owner?  Do you manage contracts in a small business?  Regardless of the position or size of the small business you are a part of, contracts are integral to your organizational processes.  From client contracts to employee contracts - among many others - small business contract management KPIs can be hindered by contract non-compliance, disorganized pre-award contract processes, missed contract renewal opportunities, and more – without the proper contract management system in place.  Read this blog to learn how to transform your process for streamlined, user-friend, and success-driven small business contract management.

2021 is rapidly approaching and, with it, innovations and enhancements to contract management automation.  To that end, here is a list of user-friendly, future-minded, and industry-advancing contract management software features, processes, and best practices that organizations can empower themselves with to successfully and confidently navigate the evolving landscape of contract management through 2021 and beyond.

Manual healthcare contract management processes can increase cost and liability, leak and decrease revenue, and bring about negative patient and personnel experiences.  Outdated strategies can prevent a seamless contract lifecycle, compliance, the best use of time and resources, unified and secured documents, efficiently and accurately entered data, and the management of contracts of varying value and complexity.  Luckily, future-minded contract lifecycle management software can help. Here’s how.

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can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on outdated processes.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 challenging 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.