Why 84% of Legal Pros Feel Pressured for Contract Simplification

    By Sean Heck on 02/27/24

    reading-minutes-icon-one-color 3 min read

    In the minds of legal professionals, the pressure is ON. And yes, you read the title correctly. The vast majority of legal professionals - a whopping 84 percent - experience pressure to simplify their contract processes (according to a recent survey from World CC). From contract creation to renewal, there seems to be something missing. Contract managers face immense stress from outdated contract management processes, misunderstandings, lack of efficiency, and elevated costs (to name a few). In the interest of drilling down deeper, let's thoroughly examine some of the reasons corporate counsel, general counsel, paralegals, legal departments, and others are clamoring for contract simplification.

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    Contract Termination - A Simple, 3-Step Approach

    By Sean Heck on 11/29/23

    reading-minutes-icon-one-color 4 min read

    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.

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    Contract Manager - A Brief Overview of What They Do

    By Sean Heck on 12/1/22

    reading-minutes-icon-one-color 5 min read

    Contracts are essential in supplementing business transactions, business relationships, and business growth; naturally, so are those who manage those contracts. But what does a contract manager really do – and what makes a good contract manager? Read on to find out.

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    Contract Meaning - What Does It Mean to Enter Into a Contract?

    By Sean Heck on 11/30/22

    reading-minutes-icon-one-color 4 min read

    We hear about contracts all the time. They power business relationships across sectors, industries, and nations. Individuals, businesses, and societies at large use contracts to fulfill wishes and needs. Contracts keep our world moving.

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