Contract Insights

If your organization is planning on leveraging contract management software, it is crucial that your team is aware of how to oversee user permissions effectively.  The terms of many contracts necessitate user permissions parameters to be put in place regarding access to contract documents, files, field data, reports, and more.  Manually managing user permissions with methods involving spreadsheets or unsecured folders, access that must be approved or restricted via disparate emails or other decentralized communication, or the nearly impossible task of managing different levels and stages of access as the contract lifecycle ensues can leave your organization at legal and regulatory risk.  Learn how to mitigate such risk factors and more with cutting-edge contract lifecycle management software.

Contract writing - also known as contract authoring - is a critical stage of the contract lifecycle.  The contract writing process involves contract parties putting into written copy the terms of a contract.  One extremely important facet of contract writing is  contract clause management.  Insufficient contract authoring procedures as they pertain to contract clause management often rely upon disorganized tracking of versions, a lack of unified contracts and subcontracts, and - unfortunately - scattered clauses.  Such processes can leave your organization with contracts that are missing clauses, an overlooked mass of key dates and milestones, and unified contract lifecycle management.

In the wake of unpredictable circumstances such as the ongoing COVID-19 pandemic, your organization is more than likely allowing employees to work remotely.  No matter which relevant industry you are working in, you must be supported with a sufficient system in place for contract management, sourcing, and procurement operations.  To that end, we've assembled a list of five tips for maintaining remote contract management software process efficacy during the COVID crisis.

Are you a small business owner?  Do you manage contracts in a small business?  Regardless of the position or size of the small business you are a part of, contracts are integral to your organizational processes.  From client contracts to employee contracts - among many others - small business contract management KPIs can be hindered by contract non-compliance, disorganized pre-award contract processes, missed contract renewal opportunities, and more – without the proper contract management system in place.  Read this blog to learn how to transform your process for streamlined, user-friend, and success-driven small business contract management.