Contract lifecycle management (CLM) software can seem like a significant investment. However, there is a high price to pay for low cost, poor contract management that will ultimately cost your organization much more in the long run. What’s more, you can plainly see the ROI contract management software provides if you know what to look for. As such, let’s take a look at 11 ways your organization can enjoy a strong contract lifecycle management ROI.
11 Effects of Strong Contract Management Software ROI
By Sean Heck on 10/3/23
4 Ways a Proper Electronic Contract Improves Contract Management
By Sean Heck on 11/22/22
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.
Contract Lifecycle Process Failure - An Investigation
By Sean Heck on 09/22/22
Oh no! It happened: contract lifecycle process failure. Something went wrong during contract lifecycle management - resulting in contract failure. But fear not; as a contract management professional, you are a worthy investigator. It is time to put on your detective hat, grab a notepad, and piece together the clues as to why your contract lifecycle process failed. You can also inspect how this tragedy could have been avoided with contract management software. Let the investigation begin!
4 Different Phases of Contract Management & How to Tackle Them
By Sean Heck on 01/14/22
Contract management is a multi-faceted process. Without oversight over each stage in the life of a contract, your organization can suffer from process bottlenecks, missed contract obligations and tasks, wasted time, lawsuits, decreased revenue, and missed opportunities - to name a few. Fortunately, you can increase your ROI by better understanding approaching contract management. Here are the four phases of contract management and how to tackle them with contract management software.