7 Key Contract Lifecycle Management Questions To Consider

By Joshua Hansen on 05/3/22

Managing contracts can be challenging - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives.  Without accountability, visibility, a clearly defined process, and actionable insights within a contract management software platform, you can find yourself confronting contract management bottlenecks.  Contract lifecycle management (CLM) requires careful planning, the right technology, a well-planned contract strategy, and robust contract lifecycle management processes.  To gain the most out of contract lifecycle management, you need to ask key questions in order to find the right answers.  Read on to discover seven key questions to consider when implementing contract lifecycle management, including key features to look for when leveraging a CLM software platform.

Continue Reading

Contract Renewals: Mastering Contract Management Series

By Sean Heck on 03/14/22

This blog post was updated on March 14th, 2022.  Its original publication date was January 29th, 2019.

Manual contract management processes involving disorganized spreadsheets, sporadic emails, internal billing systems, emailed reminders, and wet signatures may suffice for organizations with low contract volume and contract complexity.  Unfortunately, when organizations manage thousands of different contracts of ranging contract types, challenges can arise due to a time-consuming, error-prone, and inefficient manual contract renewal process.  Moreover, such an outdated contract renewal strategy can increase risk and decrease opportunity realization.  It's time to take control of contract renewals.  Read on to learn how to leverage contract renewal process best practices for increased ROI, decreased risk, increased revenue, and better opportunity oversight with contract management software.

Continue Reading

Contract Lifecycle Process Failure - An Investigation

By Sean Heck on 01/25/22

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!

Continue Reading

4 Different Phases of Contract Management & How to Tackle Them

By Sean Heck on 01/14/22

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.

Continue Reading
Website Graphics_Collage for Website Module copy
RESERVE MY SEAT
REGISTER TODAY

Lists by Topic

see all