Removing the Hassle Out of Document Assembly
Issues with documents are giving companies and organizations a little over 20 percent of staff productivity. That’s according to findings by the International Data Corporation (IDC), at least. Industries are always full of competitive people. Of course, who doesn’t want to be nothing less than the best? Being at the top is also more likely […]
Why Ownership is Important in Contract Management
Contracts are essential for transactions occurring in any industry and deals that require legal protection. The document can get companies going because it states the terms and conditions between the parties involved in a transaction. If no one keeps track of the contracts, the business arrangement will fall into disarray, and the party responsible for […]
How to Track Contract Compliance
Many businesses have so many differences in their systems and operations, mostly because of the gaps in each industry. However, one thing that almost all companies have in common is that they all utilize contracts. Whether it’s for procuring the terms with an employee, a deal with another business, and more, contracts have been used […]
Updating and Managing Your Contracting Standards
Contracting is a requirement for most businesses. Without a contract, the company and its leaders may not be legally protected in any operations the company will take. As you know, contracts are pretty complicated and lengthy; that’s why most companies choose to have attorneys or a contract management team in place to oversee the portfolio. […]
How eSignatures Can Help Streamline Your Sales Cycle
Digital signature technology has existed since the start of the new millennium. In 2000, the United States passed the Electronic Signatures in Global and National Commerce Act, which established that eSignatures share the validity of an ink signature and are an acceptable method for document execution in every U.S. state and territory. Today, by automating […]
Benefits of Contract Management Systems in Financial Services
The financial services industry has seen a dramatic rise in digital transformation. While this is not new, the speed of change is unprecedented. Along with this comes an immense need for companies to adapt to the new landscape to meet customer needs and expectations. Contract management systems are becoming increasingly important within the financial services […]
KPIs to Measure the Performance of Your Contracts
A contract is critical to the success of your business since it ensures the authenticity of an agreement between a company and its clients, sellers, partners, or employees. Without an effective contract management system in place, your business may be exposed to risks throughout multiple facets of your operations—from missed deadlines that impact your cash […]
Sales Contract Management: What Do Top Performing Companies Have in Common?
A great idea or bout of passion can signify the birth of a successful enterprise—everything begins with something small but significant at first. Indeed, you can never underestimate the impact of a good idea! However, although crucial to the launching of an organization, it’s essential to note that your passion or clever plan can’t sustain […]
How to Convince Your Boss to Invest in a Contract Management System
Modern businesses are always looking for ways to improve their operations. Indeed, efficiency is the key today as businesses are always looking to get the most output from the least input. And while people often focus on things like manufacturing and their day to day operations when trying to boost their overall productivity, we’re here […]
5 Avoidable Mistakes in the Contract Management Process
As a business owner, you must know how contract administration has become increasingly important in the past few years. You may also find that traditional or manual contract management tactics are outdated in this day and age. In this digital era, data breaches have become a common occurrence and may require your company to employ […]