Contracting is essential for every organization including many departments.  Legal, procurement, sales, operations, finance and others are all struggling with today’s new normal.  No longer can you quickly huddle with your stakeholders, drop off agreements for signature or even reach other parties on the phone.  For those who don’t have a Contract Lifecycle Management (CLM) solution, the new normal is unsustainable. You must automate - negotiate better and faster, manage your obligations, maintain compliance and stay competitive.  Even for those who have a contract managem ..read more

Contract lifecycle management sounds about as exciting as ... well, ok, it doesn't sound particularly exciting at all. But excitement or not, as a business leader, you know contracts are the lifeblood of any business. To stay successful, you need to keep a handle on every contract your business enters into at every stage of the contractual lifecycle, from assembly to termination.  So, while contract lifecycle management may not set any hearts aflutter, it is the sort of nuts-and-bolts execution challenge that can bedevil even the most sophisticated enterprises. Here are some keys to imp ..read more

For starters, no, the answer to the question above has nothing to do with rental carsor a science fiction franchise. Anyone here for those topics should click along. Still with us? Good. If you're still reading this, then you probably know enterprise contract management has something to do with contract management, by which we mean the universe of tasks associated with entering into, complying with, and enforcing contracts in your business. What does the word "enterprise" add to the mix? Read on to find out ..read more

Every day, business leaders hear sales pitches for tools and solutions that promise to optimize their business performance. There is a certain appeal to finding a "magic bullet" that can simplify the business of doing business. Most of the time, however, there are no magic bullets. As often as not, adopting a new "solution" equates to creating with a new set of problems that need solving.  We can hear you thinking "This is an odd sales pitch for a software developer." We get why you might think that, but here's our pivot point: there are a few business challenges that have ..read more

You've heard of contract lifecycle management software, and you like the idea in concept. But now you want to know: what is the best contract lifecycle management software for your business? As developers of what we consider to be the best contract lifecycle management software on the market today, Contract Room, our instinctual reaction is to say "Ours!". We understand, however, why that might not sound like the most satisfying answer to you. So, here are our thoughts on how you can determine what is the best contract lifecycle management software for your business ..read more

If dealing with contracts is a regular part of your job, then you know just how difficult and time-consuming creating and managing them can be. The good news is that the new technology in contract management solutions provides a wide range of options for improving the process. As one size does not fit all, we'll look in this article at the different levels of contract management solutions available to you and help you decide which is right for you ..read more

We're dating ourselves here, but do you remember when the SAT Verbal section had analogy questions? If so, we have a good one for you (and, if you don't, well, then lucky you). Here goes ..read more

Let's talk about your business's contract system. By contract system, we mean how your business administers and manages its contracts from inception to termination. Every business has a contract system of one form or another. Even today, many are extremely low tech: a file cabinet or computer document folder containing your contracts, and a few key people who negotiate, execute, and monitor them. Some companies have upped their contract system game in recent years, adopting e-signatures and embracing computerized methods of tracking contract obligations. But, implementation of discr ..read more

Contracts play a critical role in the operation of any enterprise, but for some, they represent veritable lifeblood. When doing business revolves around high-volume, high-complexity contracting, the organization with the best contract management software will enjoy a tangible competitive edge. Its teams will benefit from efficient, consistent contract assembly and negotiation, and from deep, AI-driven contract oversight and analysis. They will achieve the Holy Grail of closing deals quickly without sacrificing quality ..read more

There is no business without contracting. Binding agreements govern or influence every aspect of an enterprise. If you think of a business as a living organism, then contracts inhabit its DNA, dictating how the enterprise will grow, evolve, and survive (or not ..read more