Contract administration can bring forth a host of challenges. Between establishing a contract administration plan, following through with that plan within a set timeline, tracking contract financials, overseeing the contract lifecycle, and planning for risk variables, contract administrators have a lot on their plate - and a lot of room for deleterious errors, contract risks, and bottlenecks. Fortunately, contract management software can help. Here's how.
As your organization grows, so do contract complexity and contract volume. This growth requires an improvement in contract processes. No matter which industry your organization inhabits, your team will need to invest in a user-friendly contract management software solution. But first: what is contract management software? Read on to find out!
This blog post was updated on February 18, 2021.
Contract managers are under increased pressure to deliver value with reduced contract risks, reduced costs, and improved performance. Contract managers who regularly measure the success of their contracts against contract management KPIs can proactively readjust their contract strategy to ensure goal alignment drives critical and positive organizational impact.
Managing various real estate contracts can be challenging, especially when relying on disparate methods such as wet-signatures, paper contracts, shared drives, filing cabinets, and paper-based negotiations. Whether you’re a real estate broker, real estate agent, property manager, or other real estate contract management professional, a centralized contract management software platform with specific, value-driven KPIs can significantly streamline your contract lifecycle management processes – reducing contract mismanagement and saving you valuable time. Read on to learn about three real estate contract management software KPIs for success.