Breach of Contract & the Importance of Contract Tracking

    By Sean Heck on 01/12/23

    reading-minutes-icon-one-color 3 min read

    At the heart of healthy business relationships are contracts. In an ideal world, contract parties perform obligations, they renegotiate or renew, and all are happy with a longstanding and fruitful business relationship…

    …but unfortunately, we do not live in an ideal world.

    Sometimes, one party fails to perform. As such, a breach of contract occurs. Time and money are wasted. Opportunities and value go “poof.” Crucial business processes are delayed or destroyed. Trust between parties is maimed.

    With all of these negative effects, a breach of contract should clearly be avoided. Parties should have the right tools to identify contracts’ failure to perform and prevent breaches of contract. Thankfully, contract management software can help.

    Continue Reading

    The 3 Contract Management KPIs for Success

    By Maria Votlucka on 08/15/22

    reading-minutes-icon-one-color 3 min read

    Contract managers are under increased pressure to deliver value with reduced contract risks, decreased contract costs, and improved contract performance.  When you regularly measure the success of contracts against contract management KPIs, you can proactively readjust your contract strategy to ensure goal alignment drives critical and positive organizational impact.  Read on to learn how contract management software can help maximize three important contract management KPIs for success.

    Continue Reading

    6 Tips for Effective Contract Management in 2023

    By Sean Heck on 07/14/22

    reading-minutes-icon-one-color 3 min read

    The age of legal operations digital transformation continues in 2023, with even more exciting digitization tools for business process automation available.  The more contract administration tools available to legal teams and contract administrators – however – the easier it is to fall behind.  With that said, let’s examine six tips for effective contract management in 2023 to get ahead with contract management software.

    Continue Reading

    What Is a Contract Administration Plan?

    By Joshua Hansen on 06/21/22

    reading-minutes-icon-one-color 5 min read

    Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails.  Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks.  Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.

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

    Lists by Topic

    see all

    Posts by Topic

    see all