What Are the Stages of the Contract Lifecycle?

Randy Bishop | November 15, 2018

According to Merriam-Webster, “life cycle” was first used in 1855 to refer to the “series of stages in form and functional activity through which an organism passes between successive recurrences of a specified primary stage.” Wow, that’s certainly a mouthful. The point is that the term clearly originated to describe the stages of an organic life form.

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The Best and Worst Automations in Contract Management

Ken Button | November 12, 2018

It seems like “best” and “worst” lists pop up everywhere these days – especially since anyone with a computer, a blog, and an opinion can add to the fun. A quick survey of the internet turns up an interesting variety of such “bests” and “worsts,” ranking everything from cars to starting baseball pitches to states for beer to fighter jets. If you can dream it up, you can find someone online who’s judged it mercilessly.

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Crucial Repository Features to Look For in Contract Management Software

Ken Button | November 09, 2018

Have you ever wondered about all the belongings you actually lose over a lifetime? When was the last time you saw that brown bomber jacket or prom photos from 12th grade, for example? After all, we do seem to have quite a lot of “stuff” to keep up with.

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The Most Important CMS Features & Integrations for Your Industry

Ken Button | November 05, 2018

All contract management software is designed to streamline the contracting process while reducing costs, but a good CMS is not one-size-fits-all. Certain CMS features, such as a digitized repository or automated tracking and alerts, are useful virtually across all industries, while other bells and whistles may not be worth what they cost (or even necessary at all).

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Six Ways Poor Contract Management Slows Down the Contract Process

Randy Bishop | November 02, 2018

People sometimes complain that we live in a world of instant gratification, where patience is no longer a virtue. But it’s probably closer to the truth to say that today’s managers and employees work in a time that has been profoundly affected by technological innovation. Where we once sent letters or faxes, and checked our messages when we returned to the office, we’re now accessible 24/7 by computers and mobile devices.

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Contract Management for Insurance Providers: A Match Made in Heaven

Randy Bishop | October 30, 2018

Some people might view a discussion of the insurance industry as the perfect antidote for insomnia – but not us. While we appreciate that reading and enjoying an insurance policy from cover to cover might be an acquired taste, all forms of contracting give us cause for excitement. Plus, it would be a huge mistake for anyone to overlook the insurance industry’s importance to and corresponding influence on the American economy.

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Four Supply Chain Risks Good Contract Management Can Squash

Ken Button | October 26, 2018

Business management has always been a complicated undertaking. Managers must define long-term objectives and short-term goals, then implement actions designed to accomplish both. The company must allocate resources to maximize efficiency and return for the organization. Moreover, business enterprises must understand their human resources and act in a way to maximize productivity. And like any organization, business entities are affected by changes in the world around them and must evolve to adapt.

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How Does Contract Management Software Help Manage Proprietary Data?

Randy Bishop | October 23, 2018

The rate of technological growth around the world is truly transformative, and shows no signs of slowing down. According to Moore’s law, computer processing speed will double every 18 months, which in turn will result in greater capabilities for associated technologies. No one knows if this exact rate of growth will hold true, but it’s undeniable that technology has increased and innovated at an exponential rate in recent times.

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Key Security and Storage Features to Look For in Your Contract Management Software

Randy Bishop | October 12, 2018

Top concerns for today’s business leaders continue to include the storage, management, and safety of data. That’s not surprising, given that every time we pick up a newspaper (o.k., every time we open an electronic device and click on a news story), there seems to be a headline about hackers, ransomware, or another data breach. Heck, even the government is not immune, with investigations into election interference resulting in federal indictments against Russian nationals.

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How Technology Can Make Your Contracts Smarter

Ken Button | October 08, 2018

Technological innovation seems to be making everything smarter these days. From smartphones to talking speakers, one can’t help but sometimes wonder what the future holds. Perhaps even more amazing is the mind-boggling pace at which things are changing.

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