Articles and Insights

Effective financial contract management is a cornerstone of operational efficiency and financial health for any organization. While finance and legal teams often spearhead this process, its impact...

Contracts bind, guide, and set the pace for every transaction, partnership, and agreement in the business world. But as the landscape evolves, so does the art and science of effective contract...

Contracts are a big deal for any business, but for startups, effective contract management is not just important - it's crucial. You’re juggling limited resources, rapid growth, and the pressure to...

Managing commercial contracts is a crucial part of any successful business. These legally binding agreements protect your interests, reduce risk, and ensure smooth business operations. But navigating...

A lot of contract lifecycle management (CLM) software is created for large companies with very high contracting volumes and full contract lifecycle needs — from drafting a contract to contract...

Are your enterprise contracts a sprawling landscape of fragmented information scattered across disparate systems and buried in endless email threads? Do missed deadlines, hidden risks, and revenue...

Contracts are the backbone of modern business. They outline expectations, define responsibilities, and protect the interests of all parties involved. But a contract is only as good as its execution....

Artificial intelligence (AI) is in the process of completely transforming how the world works. And contract management isn’t exempt from this transformation. You’re probably familiar with some of the...

Contract renewals and extensions are similar but distinctly different processes in a contract’s lifecycle. Knowing what sets them apart and how to handle them effectively is crucial for ensuring your...

Agreements and contracts are often used interchangeably, but there are key differences between the two. An agreement is a broad term that refers to any understanding between two or more parties. A...

Ready to upgrade your Contract Management Software, but struggling to get budget buy-in? Getting approval for contract management tools is about to get a whole lot easier. Why Watch the Webinar You...

Contracts are the lifeblood of business, but they're also a major source of headaches. Missed deadlines, hidden risks, compliance nightmares... the consequences of poorly managed contracts can be...

The legal industry is steeped in tradition, with law firms and courtrooms boasting centuries-old practices. But that doesn’t mean it isn’t open to disruption.New tools and technology have been slowly...

It’s official. ContractSafe is the easiest contract management software to work with and the most likely to be recommended. But don’t take our word for it! The new G2 reports are here and...

Did you know there's a treasure trove of useful contract data hiding right in plain sight? It's data that can unlock new avenues for growth, streamline operations, and even give you a competitive...

Artificial intelligence (AI) has taken the world by storm, and legal teams are racing to jump on board. It’s a technology that promises a complete overhaul of how the world works, from automating...

In the bustling aisles of the retail world, every agreement — from supplier deals to your inventory management SaaS contract — has an impact on your business. And effective contract management is...

By adopting a strategic approach to contract audits, businesses can unlock a wealth of insights that streamline contract management processes, cut costs, and foster stronger partnerships. The word...

Share Your Love for ContractSafe and Get Rewarded Referral programs are a great tool to help B2B buyers find the right software for their organization. It gives buyers a trusted resource to ask...

Your business needs contract management software. The only problem? Not everyone sees the same writing on the wall as you do. The solution? Building a business case stronger than the loudest...

As your small business grows, you may find yourself struggling to keep up with the new influx of contracts. What was once a manageable stack of paperwork is now a mountain, and your trusty old...

There are a lot of contract management solutions out there. And their differences aren’t always clear. However, ContractSafe stands out as a top choice for its ease of use and affordability. How do...

Small business owners know all too well how precious time is. Effective contract management is crucial for staying ahead of your obligations, building better relationships, and optimizing your...

When it comes to contracts, in-house counsel has seen it all, from the "simple" contracts that turn into epic novels to the urgent deals that needed to be signed yesterday. You're the unsung hero in...

In today's complex business landscape, contract collaboration plays a vital role in ensuring smooth operations and successful outcomes for organizations. But it’s a part of the contracting process...

The terms "contract administration" and "contract management" are often mistakenly used interchangeably, blurring the lines between two distinct yet interconnected stages in the lifecycle of a...

Is your contract management system more like a “shared drive of chaos?” Everyone who needs it has access, and most things are in there somewhere (except for the ones that Susan from Sales saved to...

Getting started with a new CLM? Watch this webinar to prepare your processes for new technology, learn what to look for in a CLM and learn how to set yourself up for success when implementing a new...

All the data we have seen, including our own research, confirms that you’re in good company if you are feeling overwhelmed by contracting volumes. The vast majority of Legal teams are desperately...

75% of legal teams are looking for ways to use Artificial Intelligence (AI) to improve their everyday work. Companies across the legal tech space are rushing to get big splashy AI tools on their list...

In business, change is the only thing you can count on. And it's especially true in contract management. Contracts change, and managing those changes is how your business stays ahead. Contract change...

Just as we've swapped briefcases for cloud storage and boardroom meetings for virtual chats, it's high time contract management got its modern-day makeover. Imagine if each contract, regardless of...

For small businesses, every decision carries weight, especially when it comes to managing contracts. These vital documents capture the essence of partnerships, agreements, and collaborations. But...

Every important agreement, contract, memorandum, or amendment is stored in a contract repository. And it’s not always given the respect it deserves. It’s an often-overlooked asset that can make or...

Are you struggling with adopting legal technology? You're not alone. In fact, 47% of legal times find themselves struggling to integrate legal tech. While technology can help simplify a legal team’s...

Contract management is a critical backbone for energy companies. It supports the vast ecosystem spanning the production, distribution, and consumption of diverse energy sources like oil, gas, coal,...

Behind every cause, volunteer army, and impactful mission, there’s a mountain of paperwork that never stops growing. For every generous donation, there's an agreement; for every volunteer's...

Contracts bind, guide, and set the pace for every transaction, partnership, and agreement in the business world. But as the landscape evolves, so does the art and science of effective contract...

A contract workflow is the structured process guiding a contract from its inception to its conclusion. This step-by-step procedure ensures all parties involved comprehend their roles,...

Gone are the days of laboring through pages of dense contractual agreements. AI contract review has emerged as an exciting new way to supercharge human efficiency in the painstaking process of...

In the ever-growing realm of contract management software, there's no shortage of options. We recognize that finding the right tool is essential yet overwhelming. Every vendor claims to offer...

Welcome to the world of SaaS contracts, where technology meets law in a thrilling saga of codes, clauses, and cloud-based solutions. These aren't your grandpa's paper contracts neatly filed in a...

It’s official. ContractSafe is the easiest contract management solution to work with and the most likely to be recommended. But don’t take our word for it! The new G2 fall reports are here and...

Contract negotiation might not be as glamorous as the high-stakes games played out on the silver screen, but its importance cannot be overstated. It's an intricate dance of discussion and compromise...

If you're still relying on on-premise software and in-house resources to manage your contracts, it's time to consider an upgrade. Post-COVID, remote work and digital collaboration have become the new...

Imagine juggling a hundred or even a thousand balls at once. Sounds impossible, right? Now imagine each ball is a contract your business depends on. Effective contract management for such an enormous...

Three words no legal team wants to hear: breach of contract. It’s an event that creates challenges and frustration for everyone involved. It’s what happens when someone doesn’t live up to their end...

Love ‘em or hate ‘em, managed care contracts aren’t going anywhere anytime soon. They’re the glue that holds the healthcare ecosystem together, but dealing with them can feel a little like removing...

Much like the recent rise of the gig economy, generative AI, and air fryers, we’re in a watershed moment in privacy compliance. Lots of states have enforced new data privacy regulations in 2023....

Managing vendor contracts and relationships is an often-underappreciated balancing act that procurement managers face. Whether reporting to the CFO or COO, procurement managers must manage the...

It’s official. ContractSafe is the easiest contract management solution to work with. But don’t take our word for it! The new G2 summer reports are here and ContractSafe came away with some big wins....

Even the smallest leak could turn a fun day on the water into an unexpected scuba diving session if you’re not prepared. And contract management is no different. Knowing the value of your contracts,...

Contract risks are a lot like the weather. We’ve all been there: the sun’s shining, not a cloud in the sky, then just a few minutes later, you feel that first drop of rain hit your shoulder. Slowly,...

Ever accidentally put salt in your coffee? Maybe you were a little too drowsy to notice, or you were at a restaurant that got a little too creative with their salt and sugar containers. Either way,...

Service agreements can be overwhelming — but they’re also very important. Whether you’re a business owner looking to clarify the expectations of your service provider or a freelancer wanting to...

We’re headed to Vegas! We’re excited to attend #CLOC2023 this year! It’s our first time attending, but we’re ready to make a splash. Stop by Booth #248 to put ContractSafe to the test. To show you...

Contract compliance might just be corporate America’s least favorite dance. It’s a complicated affair involving multiple parties, with steps that change on the fly. And missing a step can result in a...

You’ve probably heard of ChatGPT... It’s an AI language model that can answer questions, create blog posts, and even write code. And now, it’s taking over contract management…kind of. AI in contract...

Managing contracts can feel like chasing a pack of hyperactive puppies. Just as you put one document where it belongs, another one is scurrying off somewhere else. But don’t worry — herding these...

Have you ever looked up at the sky on a clear night and become overwhelmed by the number of stars? Well, here's something to consider: At most, you can only see about 4,500 stars with the naked eye,...

HIPAA. Just saying it will send chills down the spines of healthcare legal teams across the United States. If this is your first run-in with it, though, it stands for the Health Insurance Portability...

If we learned anything from the Taylor Swift vs. Scooter Braun fiasco, it’s that a business contract can really make or break you. Business contracts provide the legal framework for the exchange of...

Ever heard the phrase “as busy as a cat on a hot tin roof?” Well, that's the life of procurement professionals. They're experts at multitasking. They're natural negotiators. They're contract...

A master service agreement (MSA) is a little like that go-to board game you bring out when old friends come around for game night. It’s always there for you. You know what to expect. And it gives you...

Remember when stationery was a status symbol? Pulling out a $200 fountain pen to sign a contract was a power move. But many executives today are retiring their Montblancs and opting for something a...

We've got some big news to kick off the new year. We are thrilled to announce that ContractSafe has received a $27.5mm strategic growth investment from Five Elms Capital. This is our company's first...

Remember the Suez Canal fiasco? It was a little bit human error, a little bit poor planning, and it caused a really big supply chain disaster. In fact, it left 12% of global trade stuck in limbo...

Do you love motivational quotes and posters featuring adorable kittens “hanging in there”? Then you might appreciate this little gem: You can’t spell “challenge” without “change.” Ponder that for a...

Did you know that the first-ever contract was created over 4,000 years ago? It was a clay tablet from Mesopotamia that detailed the transfer of goods from one party to another. And while modern...

Everything has a lifecycle, from the water on Earth to the forgotten Greek yogurt still sitting in your fridge. But what if we told you that contracts went through a cycle, too? Mind blown. The...

We know — contract management is kind of like weeding your garden. It may be tedious while you’re at it, but having a clean yard is well worth the work. Contract lifecycle management (CLM) is a...

Behind every great hospital, there’s a team of administrative wizards keeping the whole ship afloat. Back-office teams may not be the stars of the show, but they’re definitely the ones running it....

Contract lifecycle management isn’t a great dinner party topic. But the success of your business could depend upon doing it well. Keeping track of a ton of contracts is a genuine concern for any...

When you’re charged with making data-driven decisions regarding whether or not your company is earning a return on investment (ROI) from your current contract management process, it’s critical to...

As an in-house general counsel, you have a lot to keep tabs on — from new and changing laws (and how best to navigate those laws) to contract renewal opportunities. In this article, we’ll cover how...

It shouldn’t be easier to find the answer to ‘Who is the smartest person in the world?’ than it is to find a certain piece of data in a contract. Unfortunately, for many tasked with managing an...

Contract management reports provide data for analyzing everything from compliance, budgets, and finances — to project bids, vendor relationships, and contract task management. To make the most out of...

Introduction On average, companies lose 9% of their revenue due to poor contract management. It’s true. According to International Association for Contract & Commercial Management (IACCM) research,...

Contract Lifecycle Management Challenges and Solutions Do you love motivational quotes and posters featuring adorable kittens “hanging in there”? Then you might appreciate this little gem: You can’t...

“Mo’ money, mo’ problems.” The Notorious B.I.G. probably wasn’t thinking about contract management when he wrote this famous line, but it definitely applies. On the surface, more contracts means more...

You already know how important it is to keep on top of contracts. As a healthcare facility, getting contracts properly signed and implemented is essential to staying in business. Perhaps even more...

Just like balancing the books, the developing, signing, and ongoing management of contracts are important parts of running your business. Even more important and often overlooked? Keeping those...

Death and taxes are certainties in life. Regulatory compliance and paperwork are certainties in healthcare. Keeping it all organized so your healthcare facility is always audit-ready? Now that’s a...

What do an annual checkup and contract management in healthcare have in common? No one wants to do either, but both have to get done. You see, some industries can get away with lax processes around...

Your business needs contract management software. The only problem? Not everyone sees the same writing on the wall as you do. The solution? Building a business case stronger than the loudest...

So you’re the lucky person who gets to figure out how to “get contracts under control.” A task that is seemingly straightforward, but in reality, is quite complex. Until this point, the “process” for...

Every contract management software in the market is unique in its own way and so is each software’s search. If speed, ease of use, and accuracy are all important qualities you’d like from contract...

If your business is planning an overhaul of its contract management lifecycle, then you know finding the right solution is only half the battle. The second half is actually implementing the software....

Contract management software has the potential to save companies hundreds of thousands of dollars by improving the operational efficiency of the contract lifecycle, but those savings will hardly...

Contract management is like flossing … you know you should be doing it more often and probably be doing a better job. But … there always seems to be other things that get in the way. Your dentist may...

Like many technical terms, optical character recognition – or OCR – actually describes a fairly straightforward concept. It’s important to understand what it means for contract management because...

Over the past six years, we have heard a lot from our customers about their ContractSafe contract management software wish list. You spoke … we answered. We are excited to announce that we have...

From mom-and-pop shops to Fortune 500 corporations, companies of all sizes rely on contracts to protect themselves and govern every aspect of day-to-day business. Customer deliverables, vendor...

It doesn't matter if you're a large corporation or a sole-prop, contracts serve as the foundation of your business. If your company manages more than a dozen or so contracts per year and is still...

We are very proud to announce that CIO Review named ContractSafe as one of the Most Promising Enterprise Contract Management Solution Providers for 2020. The full profile highlights how ContractSafe...

Good contract management practices are imperative to a business's long term growth. Small process inefficiencies may not seem like a big deal on the surface, but when bad practices and manual tasks...

Summer is here! And with it, some great new ContractSafe features . Keep reading for more information about SubFolders, an improved Dashboard, User reports, and more. Let's dig in! SubFolders For...

Rapidly evolving technology continues to revolutionize the way business is conducted as automation and artificial intelligence pave the way for greater operational efficiency. Companies that fail to...

Regardless of the industry, contract management is an essential component of business operations. Contracts serve as the backbone of day-to-day business functions and are an important tool for...

Over the last several years, companies have started to pay closer attention to internal contract management and the impact it has on growth and revenue. In an effort to reduce contract lead times,...