Contract management professionals of all types are in the age of digital transformation. Organizations need to correctly leverage contract management tools to adapt successfully. As with any practice, mistakes in contract management are quite possible. Contract management teams leveraging obsolete, manual methods are even more likely to commit CLM errors – resulting in contract lifecycle bottlenecks, missed key dates and milestones, and lost revenue. Mistakes in contract management must be avoided. Read this blog to discover six common mistakes in contract management – and how they can be evaded with the help of contract management software.
6 Mistakes in Contract Management To Avoid
By Sean Heck on 11/17/21
5 Contract Management Challenges and Practical Solutions
By Sean Heck on 11/9/21
Professionals engaging in the contract management process can find themselves facing a myriad of challenges. Many of these challenges are born from a decentralized strategy and a lack of automated contract lifecycle management tools. Read this blog to discover five common contract management challenges and five leading solutions to those problems.
Online Contract Signing Made Easy With Contract Management Software
By Joshua Hansen on 08/2/21
Gathering required signatures for contracts can be a challenging task, especially when working with multiple signatories in various locations. Considering that signatures finalize contracts and propel their execution, this highly anticipated step can be delayed with manual wet signatures that can waste time and paper-based resources - including postage and office supplies. Moreover, specific signatures can require notarization, which can further delay the signing process. Read on to learn how contract management software can make online contract signing quick and easy.
We Give an Illustration That Shows the Stages in the Life of a Contract
By Sean Heck on 06/11/21
In order to get started with improving contract lifecycle management, there first needs to be an understanding of what exactly the contract lifecycle is - as well as how it progresses. To that end, we have provided an illustration that shows the stages in the life of a contract - as well as descriptions that give more insight into how each stage involves and can be managed with contract management software!