3 ERP Contract Pitfalls to Watch Out For
So, you have found your enterprise software perfect match and you’re eager to get started? Great! Your enthusiasm is warranted – after all, integrating all your business tools can save you 23 percent in operational costs and 22 percent in administration costs [PDF]. But most ERP contracts are expensive, multi-year contracts, and besides the spend, […]
How to Protect Your Business from the Long-Term Impacts of COVID-19
Can you believe it’s been less than a season since the devastating impacts of COVID-19 upturned our lives, shuttered our offices, and turned a trip to the store into an existential threat to our health? For some businesses, like retail, the impact was immediate and disastrous. For others, it is taking longer to feel the […]
5 Signs Your eSignature Tool is Failing Your Business
When eSignature tools first hit the market 15 years ago, contract managers rejoiced. Finally, an alternative to the long process to get someone else to print, read, and sign a document correctly, then scan or post it back to you legibly. They were a huge boon over the old process and many small businesses embraced […]
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Contract Renewal the Easy Way
You know the adage – it’s easier to keep a customer than to get a new one. But many small businesses struggle with contract renewal because they are trying to run a modern business with antiquated processes and tools. In this blog, we highlight some advice from contract management experts on how to make contract […]
Contract Process for Small Businesses
The A to Z of Small Business Contract Process Your small business depends on contracts at all levels – from your vendors to your customers, partners, and staff. However, you don’t have an army of expensive lawyers you can call when something goes wrong. You need to understand the contract process yourself and make sure […]
5 Ways Contract Automation Can Increase Your Revenue
Contracts are the bedrock of your business relationships. A lot of businesses focus on the cost of bad contract management but the flipside is that good contract management can not only save you from default but in fact can make you money. In this blog, I will cover five ways contract automation works for your […]
How to Write Contracts for the Unexpected (Like Coronavirus)
The COVID-19 pandemic is hitting businesses hard and it is well-prepared companies who are faring the best. Conferences and trade shows have been canceled, stores are closing, manufacturers are scaling back to a skeleton crew, and supply lines are slowing to a crawl. Many companies are looking hard at their contracts to see what their […]
How to Write a Contract (that Doesn’t End in Breach)
Contracts are among the most-used documents in any business. They govern almost all dealings with external partners including vendors, suppliers, and customers, setting out plainly who is responsible for delivering what. For that reason, they are universally trusted, but the flip side is that they carry enormous risk. If your business is found to have […]
What is a Clause Library and How Can it Benefit My Small Business?
I get this question a lot. Having a well-resourced clause library of your most-common clauses speeds your entire contract process – from drawing up the agreement, through negotiation and redlining, to signing and fulfillment. It’s frequently the reason that small businesses decide they need a contract lifecycle management solution. Clause library access will help your […]