Contract Insights

Unfulfilled contract obligations can create a post-award contract management nightmare that can escalate to stressful legal action – such as issuing a cease and desist or suing your counterparty. 

So, how can you avoid this? 

By clearly defining the obligation of contracts between you and your counterparty and leveraging contract management software tools to receive timely alerts for each obligation of contracts, you can retain contract obligation accountability instead of meddling with unnecessary disputes.

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!

Contract authoring is essential.  An inefficient process can hinder organizations and result in error-prone contracts with missing or misplaced clauses.

Additionally, overlooked key dates and milestones and a confusing process can stall the contract lifecycle.  Luckily, leading contract management software can provide intelligent authoring.  Read on to learn how to simplify and modernize the contract writing process.

Contract administration can be a daunting process when relying on primarily manual tools - such as spreadsheets, shared drives, and disparate emails.  Without accountability, visibility, and a clearly defined contract administration plan, you can find yourself running into compliance issues, minimizing contract value, and encountering other setbacks.  Read on to learn how you can create a strong contract administration plan with the help of leading contract management software.