Contract Management is not just a cost center!

Randy Bishop | September 09, 2019

One of the frustrations that we hear frequently is that it can be challenging to get approval for a Contract Management System since the company views it as a cost center, and most new systems go towards revenue.

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DocuSign study on Contract Management--surprising!

Randy Bishop | September 06, 2019

DocuSign just conducted an interesting study. It seems that more than two thirds of companies still do not have a contract management tool in place. The general theme seemed to be that companies are generally only aware of solutions targeted at large companies. This leads customers to believe the solutions are hard to use, hard to implement and expensive. Generally they are not aware of newer, more affordable, easier-to use solutions that have been introduced lately.

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Reposting: 16 Sales Contract Clauses to Balance Risk and Reward

Randy Bishop | August 19, 2019

We often post content here that can be helpful to our customers (or others) and this article on the Andreessen Horowitz website was well written and addresses a lot of concerns that we deal with in our sales process.  We thought it would be helpful to repost it here. 

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Four Common Mistakes in Contract Management and How to Avoid Them

Ken Button | July 20, 2018

There’s no way around it – hard working, conscientious professionals despise mistakes. But there’s also no way around the fact that mistakes are a part of the human experience, both personal and professional. In fact, quotation dictionaries are full of great sayings from famous scientists, coaches, philosophers, and regular Joes, explaining that failure is a great teacher and that success often includes a series of failings. But while it may be true that mistakes cannot be totally avoided, it’s just as important to learn from them, and hopefully not to repeat our mistakes.

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New ContractSafe features for June

Ken Button | June 14, 2018

 

Two new features to announce...Unique Tracking Numbers and Duplicating Records

Unique Tracking Numbers

Every contract page in ContractSafe has a unique URL...but now each contract has a unique identifying number as well.  You can use this CS Number for syncing with...

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Agreement vs. Contract: What’s the Difference?

Ken Button | May 01, 2018

We hear people talk about agreements and contracts all the time. Many people, even lawyers, sometimes use these words interchangeably. But are they the same thing? If not, why not? In this article, we will explore the difference between agreements and contracts.

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Our latest improvements...

Ken Button | April 30, 2018

We're excited to announce a few big improvements to ContractSafe.

Faster Filtering/Sorting/Searching

We significantly upgraded the filtering, sorting, and searching functions so that they will work much more quickly with lots of documents.  Want... 

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Debunking the Greatest Myths Surrounding Contract Management

Randy Bishop | April 17, 2018

There are many angles from which one might view the concept of contract management. For example, contract management can help increase revenue, control spending, promote regulatory compliance, and reduce costs. Common sense tells us that improving the effectiveness of any process, when done in a financially responsible way, is a worthwhile business endeavor.

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Contract Management Basics: Preventing Revenue Loss

Randy Bishop | April 14, 2018

Even in our personal lives, most of us engage in at least a rudimentary form of contract management. Perhaps you have an old metal file cabinet with neatly labeled file folders containing contracts ranging from a lease agreement, to an automobile purchase agreement, to months of utility bills. Or, perhaps you’ve gone digital by scanning and storing your personal documents. Some people, on the other hand, have important papers scattered across multiple locations, shoved in kitchen drawers, or lurking in their car’s glove compartment, all with little organization.

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When is a Contract Officially Executed?

Randy Bishop | April 10, 2018

The digital age has ushered into existence an explosion of documents and other data. In fact, efficiently storing and managing documents, including a company’s fully executed contracts, can play a major role in the success of an organization. Although this task appears daunting to many professionals, advancements in digital technologies like OCR and the cloud allow companies to affordably and conveniently organize and access contracts more effectively and efficiently than ever before.

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