Contract Insights

Cloud-based contract management is revolutionizing the way legal teams and other contract professionals handle their agreements. Cloud-based CLM supports streamlined processes, increased visibility, enhanced security, and reduced costs. As the demand for efficient, accessible, and cost-effective contracting processes grows, cloud-based approaches are emerging as the top choice for the job. Let’s explore cloud contract management via a simple, five-point plan to save time and money on legal operations.

Traditional paper contracts were replaced long ago by better contract processes. The paper document has been foregone in favor of digital contracts. However, not all computer-based contract management processes are created equal.

As your organization grows, so do the complexity and volume of your contracts. Your contract management process needs to expand with your company. This is where a contract management system comes in.

But how can your business users prepare for growth with a better way of managing contracts?

Read on to find out!

After dealing with exhausting manual contract management software best practices, you are searching online for a pleasant, relaxing stay in a contract management suite.  There are many leading contract management software platforms out there, but only leading solutions offer the amenities you need to kick back and enjoy improved legal operations.  To virtually ensure you have the best possible CLM experience, here are the amenities you should look for in your contract management suite.

Managing contracts can be challenging for legal, procurement, and contract management professionals - especially when primarily relying on outdated tools such as spreadsheets, emails, and shared drives. Without accountability, visibility, a clearly defined process, and actionable insights within a SaaS contract management software suite, you can find yourself running into compliance issues, minimizing contract value – among other setbacks.  Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and comprehensive SaaS contract management processes.  Fortunately, robust SaaS contract management software can help streamline your contract lifecycle management processes. Read on to discover five key advantages of SaaS contract management software.

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.

Managing various types of entertainment and media contracts from varying locations, often internationally, with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations.  Dealing with and tracking a high volume of contracts – from intellectual property contracts to option agreements, among many others - can be tremendously challenging without the right contract management system in place.

Why do you trust your software provider?  Is there any specific criteria by which you measure a software system’s trustworthiness in protecting sensitive and confidential data such as PCI (payment card information), PII (personally identifiable information), employee information, client details, vendor data, and vital contract data?  With increased risk of data and security breaches, especially during such uncertain times as these, you should be confident that your information is stored on a trusted platform.  Read on to learn how to use such a trusted platform, along with the importance of SOC compliance.