Contract management teams hold a lot of responsibilities throughout the life of a contract. Streamlined and organized contract collaboration is key to CLM success. Without a clear-cut understanding of how the contract process should occur, contract management teams can encounter unnecessary contract risk, contract lifecycle bottlenecks, and decreased revenue. As such, we have outlined the responsibilities of a contract management team and how these responsibilities can be centralized and organized with leading contract management software.
The Responsibilities of a Contract Management Team
Topics:
automated workflow
compliance
Contract Compliance
Contract Compliance Software
Contract Lifecycle
Contract Lifecycle Management
contract lifecycle software
Contract Management Solutions
Contract Management System
contract repository
contract workflow
Custom Reports
reports
risk management
workflow
workflows
Contract Management
Document Collaboration
Contract Reports & Analytics
contract risk
records management system
Contract Management Workflow
contract collaboration
risk response plan
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Establishing a More Robust Risk Response Plan
Successful contract management can dramatically increase revenue and organizational growth (among other things)…but unchecked contract risk can be disastrous. Inadequate contract risk prevention measures can cost your organization money and time and result in costly and damaging instances of contract mismanagement - including negligent clause language and less than legitimate business associations. To avoid these deleterious situations and more, your organization must forge and implement an ironclad risk response plan and stick to it. You can get started with your powerful risk response plan with the aid of trusted contract management software.
Topics:
Ad-Hoc Reports
Advance Reporting
automated workflow
contract workflow
Custom Reports
Report Designer
reports
risk management
workflow
workflows
Contract Reports & Analytics
contract risk
Contract Management Workflow
Contract Searching
OFAC
risk response plan
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3 Contract Risk Management Tools To Protect Your Organization
Reviewing contract risk can be time-consuming, challenging, and stressful. Manually assessing risk factors can cost an organization extra time and money while increasing the risk of inadvertent human oversights. While you can do your best to carefully track risk factors, including negligent clause language, it can prove challenging when dealing with multiple stakeholders and pressing deadlines. Read on to learn how three contract risk management tools proffered by contract management software can help protect your organization from the risks of poor contract management and, in some cases, your job.
Topics:
Contract Data Discovery and Extraction
Contract Data Extraction
Contract Lifecycle Management
Contract Management System
workflows
Contract Artificial Intelligence
Data Security
AI-Powered Contract Management Software
legal technology
Contract Intelligence
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Prepare for 2019: 3 Useful Tips for Managing Contracts
New Year Goals
The new year is hastily approaching, with resolutions swarming the office, and employees thinking about the months ahead. For contract and procurement managers, there are most likely processes within your organization that you and your team hope to improve. Whether your focus is compliance, communication, or overall better management processes, 2019 will be here before you know it, so why not be proactive with your new year goals and start preparing now?
