What Is a Contract Amendment? How Can Contract Amendments Be Managed?

By Sean Heck on 08/30/22

A contract amendment is a modification of the terms and conditions of a contract or subcontract.

Though we will explore contract amendments more in-depth, it is worth noting that changing the structure, duties, obligations, or rights of a contract requires increased oversight.

To that end, let's explore contract amendments and how disparate, important, and sensitive information can be managed, and contract amendments can be executed smoothly for effective contract management.

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The 3 Contract Management KPIs for Success

By Maria Votlucka on 08/15/22

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.

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Here’s Why Electronic Document Signing Is Great for Contract Processes

By Sean Heck on 07/27/22

Gathering signatures for a contract or agreement can be difficult without the proper tools. Outdated and slow signing methods can cause signature bottlenecks that delay contract execution. What’s more, high costs for wet signing and postage can decrease your bottom line.

Fortunately, there is a better way. Let’s discuss why electronic signature software within contract management software is awesome for your contract processes.

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You Won’t Believe How Easy Contract Review Can Be With CLM Software!

By Sean Heck on 07/20/22

Contract review is a crucial contract management stage.  Unfortunately, far too many organizations overlook this process or leverage out-of-date methods.  Tragically, contract evaluation process oversight can result in:

  • missed key dates and obligations.
  • overlooked opportunities.
  • contract language and clause mistakes.
  • and other painful consequences.

Thankfully, we can establish a contract review checklist and manage the life of a contract with leading contract management software.  Let’s get started.

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