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What is the contract performance management process?

Contracts serve as the keystone around relationships between companies, vendors, clients, and other stakeholders. However, a contract is only worth its performance. Legal professionals need to understand and manage the
Posted  on March 6, 2025
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How to structure a contract management team for success

Contracts may not be glamorous but they’re the backbone of any business, and if not managed well can quickly transform into a nightmare of missed deadlines, litigation headaches and lost
Posted  on March 4, 2025
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Why is contract lifecycle management important

Contract management. To many, the phrase evokes images of crowded file cabinets with reams of paper, complicated email threads and the constant fear that some critical bit of information will
Posted  on February 28, 2025
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Goods and services in contract management: a crucial distinction

In contract management, the seemingly straightforward distinction between ‘goods’ and ‘services’ serves a surprisingly essential purpose. Although the phrase “goods and services” is typically used as a catch-all term, understanding
Posted  on February 28, 2025
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Three important functions of contract administration

Contract administration is crucial for a successful contract lifecycle. Efficient and effective contract drafting, managing the contract repository, and monitoring compliance help ensure that all parties properly understand and execute the
Posted  on February 2, 2025
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Six digital transformation goals for contract managers in 2025

As business technology evolves, forward-thinking organisations must keep abreast of changes and embrace technological advance accordingly. This also applies to contract managers. Contract management professionals also require to evolve their
Posted  on February 1, 2025
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What is the contract performance management process?

What is the contract performance management process? Contracts serve as the keystone around relationships between companies, suppliers, clients and other stakeholders. However, a contract is only worth as much as
Posted  on January 31, 2025
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You can optimise supplier management in 2025 – here’s how

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
Posted  on January 22, 2025
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Why digital contracting is a must for modern organisations

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
Posted  on December 30, 2024
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Business negotiations: three steps and a winning strategy

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
Posted  on December 29, 2024
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Contract disputes: five ways to avoid them and manage them

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
Posted  on December 27, 2024
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Signing contracts – five tips for a better process

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
Posted  on December 19, 2024