Both SAFE notes and convertible notes are common financial instruments used by early-stage companies to raise capital from investors. SAFE notes are equity agreements without debt, interest, or maturity dates, while convertible notes are short-term debts that convert to equity, with interest and a set maturity date. While convertible notes are more traditional, SAFEs are more popular in startup environments thanks to the simplified and streamlined fundraising process they have to offer. In this article, we will unpack the SAFE vs convertible note debate, explore their key differences and uniqu ..read more

In the world of sales, understanding how to implement an effective pipeline management strategy is paramount. This article lays out essential steps that enable you and your team to do just that. From the initial stages of customer contacts to the final closure of a sales deal, we’ll elaborate on every step to help you and your salespeople stay more productive in handling the ebb and flow of the sales process. Key takeaways Sales leaders and process owners are the ones responsible for effective sales pipeline management. To maximize ROI, they must align targets with the process, establish key ..read more

The most critical aspect of completing a sale is to actually get the payment done and truly mark the entire deal as “complete.” Despite most companies being able to get the handshake and close out the deal, payments normally take much longer, collecting them is a pain, and it’s a pain to track the status of every transaction. Meet our new Payments App Our new Payments App allows customers to streamline their workflow by connecting their agreements, quotes, and contracts with payments. Finance and Ops teams can monitor and follow up on outstanding requests, send nudges to customers and have a b ..read more

Procurement contract management is crucial for the wholesale buying and selling of goods — setting the framework for how you deal with customers, partners, and business vendors. Contracts bind parties to service-level agreements, but just because they’re valid doesn’t necessarily mean they’re consistently enforced effectively. It’s your procurement contract managers who are key to this operation, negotiating accurate and compliant contracts and swooping in to resolve disputes wherever they arise. Key takeaways The procurement industry is built on legally-binding contracts, whether you’re a bu ..read more

With death being the only certainty besides taxes, you need a living will or last will to plan your estate. But there is a slight difference between the two: a living will outlines how your assets will be shared if you become incapacitated, while a last will helps in estate planning in case of your demise. In this article, we’ll discuss the major legal and technical differences between a living will and a last will. We’ll also show you how to draft a will using a digital solution. Key takeaways A living will is a legal document that specifies the healthcare directives for your end-of-life per ..read more

In a nutshell, a contracting party is any company or individual involved in a contract. If you are asked to sign a contract, you are a contracting party.  It’s a term you’ll often run into when dealing with business or personal contracts. But why is the term significant, and more importantly, what does it mean for you? In this article, we’ll talk about some of the following points. Key takeaways The definition of a contracting party How to identify parties to a contract The benefits of being a party in a contract The rights of a contracting party What is the definition of a contracting ..read more

In this article, we’re going to learn all about contractor management software (CMS). Contractor management software is a tool that helps organizations streamline and automate the processes related to hiring, onboarding, monitoring, and evaluating external contractors and vendors. The market for construction software is expected to reach $3.875 billion by 2030. Contractor management software forms a part of that, so it’s clearly the way of the future. Key takeaways Contractor management software automates many contractor management tasks. CMS helps you better collaborate with contractors. You ..read more

“What is ACV in sales?”, we hear you ask. Well, are you a SaaS company or an organization that deals with yearly or multiyear subscriptions and/or contracts? If so, it’s a key metric you might be missing out on. In this article, we’ll teach you all you need to know about ACV. Key takeaways ACV stands for “annual contract value.” It’s a metric that tells you about the yearly revenue generated by individual contracts. Calculating ACV can deliver many benefits, from increased customer retention to better forecasting. ACV is different from ARR. The former tracks revenue from individual customers ..read more

In this article, we’re going to learn all about contractor management software (CMS). Contractor management software is a tool that helps organizations streamline and automate the processes related to hiring, onboarding, monitoring, and evaluating external contractors and vendors. The market for construction software is expected to reach $3.875 billion by 2030. Contractor management software forms a part of that, so it’s clearly the way of the future. Key takeaways Contractor management software automates many contractor management tasks. CMS helps you better collaborate with contractors. You ..read more

A robust and well-defined document retention policy is necessary for any business as these policies help companies maintain transparency and security. They also ensure you can effectively retrieve and dispose of documents as and when you need to.  But what is document retention? Document retention is the organized storage, maintenance, and disposal of business records in accordance with legal and regulatory requirements. In this article, you will learn all about the following:  Key Takeaways  A document retention policy is a set of guidelines your business creates regarding the ..read more