Contract Insights

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.

Managing various types of entertainment and media contracts from varying locations, often internationally, with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations.  Dealing with and tracking a high volume of contracts – from intellectual property contracts to option agreements, among many others - can be tremendously challenging without the right contract management system in place.

In contract lifecycle management, efficient collaboration between stakeholders is a must.  Contract requests, renewals, and almost everything in between can involve many moving parts – with a high potential for inefficiency if adequate measures are not introduced.  In the interest of avoiding communication delays and contract lifecycle bottlenecks, organizations should leverage robust contract collaboration tools offered by leading contract management software.  Here are four steps to foster healthy and productive collaboration and expedite the contract lifecycle.

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.