The most surefire way to get a contract electronically signed is to make the process as easy as possible for the signer. That means the easiest way to get electronic signatures on contracts is to take the guesswork out of signing, by sending a contract with clickable e-signing built right in. This is simple to do with contract management software like Concord, which includes unlimited e-signatures from unlimited guests for free. The software can automatically notify signers and collect their e-signatures in real time — helping you finalize contracts in minutes rather than days or weeks. Here’s ..read more

Starting April 9th, 2024, Concord users will experience four powerful enhancements to the Document Inbox. Let’s dive into what these updates mean for you. 1. Clickable folder navigation   Concord users can now move between folders with a simple click, just like with files and folders in Windows or Mac OS. This feature significantly cuts down on time spent searching for specific contracts and organizing your documents. It’s intuitive, straightforward, and similar to the familiar experience of navigating your everyday operating system. 2. Ability to “star” folders and documents Highlighti ..read more

A tool to link contracts to budget will give you visibility into contract costs, so you can forecast future spend more accurately. Contract management software is designed specifically to help you link contracts to budgets, by making it easy to extract and export contract data. For example, a contract management platform like Concord provides native integrations with HubSpot and Salesforce, as well the ability to extract many contracts’ conditions as an Excel file — plus an open API to connect directly with your in-house budgeting tools.  Let’s take a closer look at seven key ways in whic ..read more

Setting automated contract deadline reminders can help you mitigate a lot of contractual risk. Whether you’re aware of contract deadlines or not, they still represent very real financial obligations, so you’ll save yourself headaches by staying ahead of them. Deadline reminders are easy to set up in contract management software like Concord. You can set reminders to be sent just to you, and/or to team members of your choice, in advance of key dates when payment is due, or when contracts renew or expire. This saves you from having to manually set deadline reminders for every contract in your or ..read more

Verbal contracts are more important than they might appear at first glance. The truth is, these spoken agreements play a major role in both personal and business interactions. Here, we’ll provide you with a comprehensive understanding of verbal contracts, their legal standing, and practical tips for navigating them. Let’s start by defining a verbal contract. What is a verbal contract? A verbal contract is an agreement you make through spoken words rather than in writing. Unlike written contracts, these do not have a physical form but can still be legally binding. They are built on mutual under ..read more

Do you know the differences between unilateral contracts vs. bilateral contracts? In this article, we’ll explain how they differ from one another, how to recognize them, and how to effectively use them both. Along the way, we’ll examine the unique features of these two types of contracts, and explore practical tips for drafting and enforcing them. Let’s dive straight in with a clear definition. What’s the difference between unilateral vs. bilateral contracts? The difference between a unilateral and bilateral contract lies mainly in the number of parties who make a promise. In a unilateral con ..read more

As a healthcare professional, you face a set of unique challenges — including safeguarding patient data security against ever-evolving digital threats. This task becomes even more crucial as data breaches not only risk patient privacy but also threaten your organization’s credibility. Here, contract management software emerges as a powerful ally. By incorporating such software, you can significantly bolster your healthcare organization’s data security, ensuring that patient information remains confidential and secure. Let’s see how. What is data security in healthcare? In healthcare, data secu ..read more

Today, businesses are recognizing the urgent need for procurement automation more than ever before. This approach transforms manual processes into automated procurement contract management workflows, redefining how companies manage their procurement tasks. By automating, companies see significant gains in efficiency and time savings. Financial management becomes more robust with cost reduction strategies, and the accuracy of operations improves, reducing errors. Another key advantage is the positive impact on vendor management and supplier relationships, as automation provides more accurate an ..read more

Document management in healthcare is about much more than just getting organized. To stay in compliance with regulations like HIPAA, it’s crucial to have quick access to information — for example, to be able to swiftly locate a patient’s medical history or test results. With a dependable healthcare contract management system, you can achieve all this and more, creating a more organized, secure, and efficient healthcare environment. This, in turn, allows you to focus on what matters most: providing excellent patient care. What is healthcare document management software? Healthcare document mana ..read more

Today, businesses are recognizing the urgent need for procurement automation more than ever before. This approach transforms manual processes into automated procurement contract management workflows, redefining how companies manage their procurement tasks. By automating, companies see significant gains in efficiency and time savings. Financial management becomes more robust with cost reduction strategies, and the accuracy of operations improves, reducing errors. Another key advantage is the positive impact on vendor management and supplier relationships, as automation provides more accurate an ..read more