Contract Insights

The chess-like, back and forth nature of contract negotiations can create confusion and contract lifecycle inefficiencies.  Without a centralized and well-organized system, organizations on both ends of the contract management chessboard become trapped, halted, and unsure of where they should move their next piece.  A centralized, well-organized process can get the match moving again.  Discover how contract management software can streamline contract negotiations.

Contract writing is an essential phase in the contract lifecycle.  During the contract writing stage, contract parties put the terms of a contract into written copy.  Inefficient contract writing processes often rely on scattered clauses, poor compliance management and version tracking, insufficient line item management, and a lack of unified contracts and subcontracts.  These processes can lead to an organization that is hindered by error-prone contracts with missing clauses, missed key dates and milestones, and a decentralized process that impedes the contract lifecycle.

Disorganized document and contract storage, workflows relying upon phones and emails, and manual document writing solutions won’t suffice in 2020.  Don’t slip back into the success-minimizing habits of 2019.  Revive your contract management new year’s resolution for this year with a process that leverages a secure contract repository, automated workflows, and streamlined document assembly.

Contract writing and authoring can be the easiest or most complex step of thecontract lifecycle management process. Whether the contract is going to contain a minimal amount of information, or if it is going to contain hundreds of different terms and clauses; writing all of these contracts can be a daunting and time-consuming process. Because of this issue, select providers of contract management software have a solution. By using contract templates, your authorized users can easily author a new contract by using rules-based text and clauses. This feature is beneficial in many ways, but a few of the key benefits can be outlined in more detail below.