As businesses grow, contract management becomes increasingly complex. Businesses rely on effective management of contracts with vendors, employees, clients, and others to maintain daily operations and ensure consistent quality. With a growing number of contracts to manage, however, manual processes like creating contracts from scratch, version tracking, and workflow management become incredibly time consuming, error prone, and ultimately unworkable. Contract management software, also known as CLM software, streamlines these processes, reduces risk, and helps ensure contracts comply with inter ..read more

Consider These 10 Features When Searching for the Best Contract Management Software for Your Business  Contracts are essential for large and small businesses of all kinds, helping to establish and define relationships with vendors, clients, employees, partners, and others. Effective contract management, from negotiation and creation through execution and beyond, is an important ingredient of a successful business. However, contract lifecycle management (CLM) is a highly complex and time-consuming task, which means meticulous management can also be very costly ..read more

Discover 9 Easy Ways to Automate the Contract Lifecycle and Measure its Success Table of Contents What is Contract Automation? Benefits of Contract Automation 9 Ways to Automate The Contract Lifecycle  Measuring Contract Automation Improvements and Success Workflow Automation Examples by Roles and Industries    What is Contract Automation?  Contract automation is the use of software to simplify the creation and management of contracts entered into with your customers, vendors, partners, or employees. This often involves creating automated workflows for every phase of the con ..read more

Contracts are the backbone of business transactions, defining the agreements that businesses make with customers, employees, vendors, partners, and others. Businesses rely on two main types of contracts—unilateral and bilateral. Understanding these two distinct contract types is essential for anyone who must navigate the complex landscape of business and legal agreements. In this blog post, we’ll explore the key characteristics and common uses of unilateral and bilateral contracts to help you make informed decisions about your contract management processes ..read more

In the world of contract management, where precision and clarity are paramount, redlining a contract plays a pivotal role in the negotiation and revision of contracts. This comprehensive guide explores the best practices for contract redlining and the significance of effective negotiation.  ..read more

No matter what business you’re in, chances are your company is a party to a variety of contracts that help keep things running smoothly and predictably. If your company’s contracts are difficult to access, cumbersome to create and complete, or unreliable, it can lead to costly mistakes. In fact, World Commerce & Contracting research shows that ineffective contract management can impact up to 9% of a company’s bottom line. Especially in today's dynamic business environment, effective contract management is crucial for ensuring operational efficiency, mitigating risk, and seizing growth opp ..read more

The combination of inflation, high interest rates, and rising wages has left many businesses struggling to get by. In times like these, you need to be cautious about how you invest in your business. This can mean putting off some investments, but in some cases, not making investments in your company can undermine its profitability. Especially during periods of economic turbulence, it’s critical to prioritize investments that will ultimately reduce costs. Effective contract management software is just this kind of investment ..read more

In the modern world, signatures serve as indispensable tools for authentication and legally binding agreements. As technology continues to advance, traditional wet (ink) signatures have evolved into digital signatures and electronic signatures, offering efficiency, security, and convenience in various applications. By clarifying the distinctions between these signature types, you will be better equipped to choose the most suitable signature method for your specific needs ..read more

How to create a list of the best contract management software vendors for your business.  Table Of Contents 1. Define your vertical/industry needs 2. Ensure technical compatibility and integration with business applications  3. Identify the contract management problem you are trying to solve 4. Take into account your company size 5. Investigate contract management industry expertise 6. Work with a CLM consultant 7. Attend contract management events 8. Request a demo and get to know the team Finding the best contract management software is really about finding the best vendor that fi ..read more

  A Review of ContractsCon 2023 ..read more