Contract Management 101: What is Contract Risk Management?

Randy Bishop | March 08, 2019

The management of risk is so important in business that “risk management” has become a well-respected profession, with dozens of universities producing graduates with business degrees in the field. Broadly, risk managers specialize in identifying and evaluating risks to the company. The risks are then prioritized and addressed in a manner determined to best protect the assets of the organization.

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ContractSafe partners with LegalSifter for exciting new service

Randy Bishop | March 07, 2019

We're proud that LegalSifter selected ContractSafe as part of their new, full service contract management solution called Sifter Concierge. This exciting new service is for companies that want to just outsource the management of their contracts, but still be able to find/report/stay on top of key dates. See full release below!

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How Contract Management Software Reduces Regulatory Risk in the Healthcare Field

Ken Button | March 04, 2019

Risk management is a common theme in business, reflecting the importance of protecting the enterprise’s assets. Managing risk takes many shapes, from the purchase of insurance to the use of risk-shifting clauses in contracts. Large companies may even hire risk management professionals, who devote their full attention to managing risk across all levels of the organization.

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Four Things You Didn’t Know About the History of OCR

Randy Bishop | March 03, 2019

Optical Character Recognition (OCR) is a technological innovation with important business applications. In essence, the technology allows a software program to analyze text and convert it into a format that a computer (or certain other machines) can read and process. Importantly, it also turns scans of documents into searchable text.

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Three Common Contract Clauses and What You Need to Know About Them

Ken Button | February 26, 2019

Most people have a favorite book or movie, made up of a series of chapters or scenes. Standing alone, these scenes or chapters are important but may be confusing when viewed in isolation. But if well-written, the narrative, like a puzzle, will be revealed in full when all the pieces are assembled. Complicated contracts have some similarities.

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ContractSafe & Mission: Working Together

Randy Bishop | February 19, 2019

From its founding, ContractSafe knew it wanted to leverage AWS, as it's the most stable and user-friendly cloud platform. For the first year and half of its AWS deployment, ContractSafe’s internal team of full-stack developers balanced responsibilities for product development, backend operations, and DevOps, but this sucked too much time away from our product development schedule, so we had to find another solution. 

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Six Considerations for Adopting Contract Management Software

Randy Bishop | February 15, 2019

Questioning (unquestionably) plays a big role in society. Socrates believed that questions, not answers, drive thinking, and law students have paid the price ever since! The scientific method is premised, in part, on asking one or more questions before searching for scientific answers. Philosophers question the very meaning of existence. And with the internet, you can find answers to almost any question, from how to defrost meat to  how long the average penny lasts.

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What is Contract Metadata and Why Should You Care?

Ken Button | February 12, 2019

Contract management systems depend on precise, efficient systems for organizing and retrieving contracts. This often translates to a system for metadata management. But what is metadata - and what does it mean for contract management? Scroll down to find out.

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What Are the Different Types of Dispute Resolution in Business Contracts?

Ken Button | January 28, 2019

“Dispute resolution,” as a broadly defined term, has existed for centuries. On a macro level, early humans once relied on brute force. As mankind evolved, countries (or kingdoms) used emissaries, diplomats, and other high-level officials to meet and negotiate a variety of topics and to avoid outright war.

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Three Contract Management Cautionary Tales to Remember in 2019

Randy Bishop | January 22, 2019

The arrival of the new year is an exciting time pretty much around the world. In America, many eat special foods for luck, drink champagne, and party late into the night. In Denmark, people collect plates throughout the year, then throw them at the door to celebrate. The more plates you break, the more friends you will have in the coming year. And in Ecuador, mannequin-like representations of the old year (and anything bad associated with it) are set on fire – literally – and burned in effigy.

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