Contract management professionals of all types are in the age of digital transformation. Organizations need to correctly leverage contract management tools to adapt successfully. As with any practice, mistakes in contract management are quite possible. Contract management teams leveraging obsolete, manual methods are even more likely to commit CLM errors – resulting in contract lifecycle bottlenecks, missed key dates and milestones, and lost revenue. Mistakes in contract management must be avoided. Read this blog to discover six common mistakes in contract management – and how they can be evaded with the help of contract management software.
Professionals engaging in the contract management process can find themselves facing a myriad of challenges. Many of these challenges are born from a decentralized strategy and a lack of automated contract lifecycle management tools. Read this blog to discover five common contract management challenges and five leading solutions to those problems.
The contract lifecycle is a great way to categorize the steps of contract administration, from requests to renewals. But how can you embrace legal operations digital transformation to automate the contract life cycle process? Read this blog to find out.