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Business, Contract Management, Technology

The five goals of contract management

What is the goal of contract management? This question is essential for legal operations professionals to ask themselves when forming their approaches to better governance over processes. This post will
Business, Contract Management

What is contract management software for government contractors?

Contract management for government contractors demands meticulous attention to detail and leaves much risk of error. These contractors work with an almost endless supply of different government agencies. Different levels
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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
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The four steps of the document generation process

Manual document generation processes are prone to human error. They’re time-consuming and lack standardisation. As document complexity and volume grow, the cracks in the surface can become irreparable. Luckily, with
Business, Contract Management, Technology

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
Business, Contract Management, Technology

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