Supplier management can make or break an organisation’s cost optimisation and operational efficiency. Unfortunately, an outdated supplier management process can lead to poor visibility, inconsistent supplier quality, difficulty juggling multiple

Technology has brought expediency and efficiency to a myriad of business processes. However, some contract management solutions fall short in this regard (that is, they fall short of true digital contracting). Pushing

Solid business contracts fuel smooth operations for businesses that meet our demands and innovate for a better world. But what are the steps involved in business contracts? How can businesses

Sometimes during the contract lifecycle – as in everyday life itself – disputes arise. These contract disputes have the potential to damage business relationships, harm reputations, and cause stress. To avoid

Signing contracts is important. A signature seals an agreement between parties, legally binds them, and confirms responsibilities. By signing, you confirm that you have read and understood the terms of

Contracts serve as legally binding agreements that outline expectations, responsibilities, and potential outcomes of a business relationship. Understanding the essentials of a contract is critical for facilitating clear communication and

Business automation is already sharpening professional methods across a variety of industries.  However, advancements in artificial intelligence (AI)  can be particularly advantageous as they apply to contract management software systems. Contract intelligence engines

This is an important question to consider critically. Although contract management software is a significant investment, the high price of low-cost contract management often far outweighs this initial, carefully considered expenditure. What’s more, according

What is an executed contract? Contract execution is a critical stage in contract lifecycle management. By this point, the terms of the contract have been negotiated. Parties involved have ensured that

Eight contract negotiation strategies for a win-win outcome Nearly every business relationship involves a contract. At the crux of every contract is back-and-forth negotiation and contract management. This undertaking requires

Three productivity hacks for contract managers Looking to elevate your productivity and value during contract management? Well, contract managers often find themselves juggling multiple responsibilities related to the contract lifecycle. Manually

The potential for contract risk is everywhere in the contract lifecycle…from missed deadlines to compliance issues and costly errors. Without a structured approach to managing contracts, organisations can quickly find