Many legal professionals face the daunting task of managing a growing volume of contracts efficiently and securely. The manual handling of such important documents is not only time-consuming but also prone to errors - leading to potential compliance issues and operational inefficiencies. Enter contract management software; among many other things, it is a document management solution designed to streamline the organization, access, and management of various types of documents.
7 Ways to Improve Document Management Processes
By Sean Heck on 02/9/24
Contract Termination - A Simple, 3-Step Approach
By Sean Heck on 11/29/23
Contract termination should involve rigorous financial analysis, contract performance data analytics, and the creation of a notice of termination. Unfortunately, contract termination involves tight deadlines and specific terms required to terminate a contract. Organizations need a strategy to identify contracts not meeting contract KPIs, write notices of contract termination, and secure proper contract closeout.
This article will show you how to implement this strategy readily with the help of contract management software.
Contract Drafting Made Easy With Contract Software
By Sean Heck on 11/28/22
Contract drafting is a multi-faceted and complex process. Document collaboration, contract authoring, negotiation, terms and conditions, and other relevant steps can be challenging. They are all the more challenging if you are relying on manual tools - such as shared drives and emails. Leave tedious, manual contract drafting methods in the past by embracing robust contract management software.
How to Swap Disorganized Document Storage Systems for Something Better
By Sean Heck on 10/6/22
Document, contract, and record management require a secure and accessible way to access necessary documentation and data. Unfortunately, this is not observed by some organizations – causing them to fall behind.
Outdated document storage methods that rely on file cabinets, shared drives, and locally-saved documents no longer cut it. Document scanning and subsequent file share can waste time and decrease oversight.
Thankfully, organizations no longer need to face storage limitations and decentralized file management. With enterprise content management within contract management software, organizations can up their storage game. Here’s how.