Contract Insights

Contract review is one of the most critical stages in the life of a contract.  Unfortunately, many organizations are using obsolete contract management methods.  Manual and entirely paper-based contract review methods can lead to missed key dates and deadlines, missed opportunities, costly and damaging contract language oversights, and other harmful consequences and contract lifecycle bottlenecks for your organization.  Luckily, this blog post will examine the contract review process – as well as how one can improve contract review with AI-based contract management software.

Does your organization have a high volume of contracts of ranging complexity?  Do you need these contracts searched, have important contract data extracted, and be stored within an easily accessible contract data repository?  Don't leave your team overwhelmed with manual contract data extraction and legal discovery processes.  Instead, leverage intelligent contract data extraction with the help of powerful contract intelligence within a leading-edge contract management software system.

If you work within the IT industry, you may find that the management and oversight of a high volume of IT contracts of ranging complexity can require many moving parts.  If your organization is taking on IT contract management with manual contract management methods - such as those involving many filing cabinets, decentralized spreadsheets, and scattered emails - your team runs the risk of facing wasted time, squandered revenue, costly mistakes, and missed opportunities (among other harmful consequences).  Leave obsolete and damaging IT contract management methods in the past; tackle the following three IT contract management best practices with centralized and user-friendly contract management software.

Managing and overseeing contract risk factors can be difficult, stressful, and time-consuming.  Manual contract risk assessment can cost organizations money and time and lead to costly and potentially disastrous instances of contract mismanagement.  Organizations do their best to diligently track contract risk factors, including potentially negligent clause language.  However, contract risk management can prove overwhelming when dealing with multiple deadlines and stakeholders.  But all is not lost; there is a solution: contract management software.  Read on to learn how to use a contract management risk and opportunity assessment tool to decrease risk and increase your bottom line.