The Key to Creating an Infallible Contract Process

By Rosemary Shields on 08/26/19

An infallible contract process has two variables: a trustworthy team and reliable contract management software.  Although one of these variables can perform without the other, having both will result in the best performance.  

Managing contracts effectively can be difficult without the right resources.  Your team can be well-versed in contract management best practices, but without a contract management system to track their actions and process workflows, bottlenecks could be occurring, tasks may be overdue, and you have no way of knowing if you are losing out on opportunities. How do you know what’s going on within your team’s processes?  If you’re not sure, it may be time for an upgrade to contract automation.  Learn how to create an infallible contract process for your organization.

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The 8 Stages of the Contract Lifecycle

By Jamie Reedy on 04/10/18

By understanding all the stages of the contract lifecycle, you can ensure that each stage runs as smoothly as possible.

No matter how long a contract is active for, it will undergo many contract stages to ensure that all parties are in unison and that the service agreed upon is delivered.  Contracts are legally binding and need to be executed appropriately.  When you understand the stages in the lifecycle you can feel more informed and prepared when it comes to managing the contract.  While the exact stages may vary for your organization, we’ve broken down the 8 common stages of the contract lifecycle:

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