March Release Notes:  Bulk Edits, Advanced Filtering and more!

Randy Bishop | March 16, 2019

Easier Filters

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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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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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Five Contract Negotiation Mistakes to Avoid

Ken Button | January 03, 2019

From the time we wake up in the morning until the time we go to bed at night, we exist in a world of contracts. We can turn on the lights and catch up with the morning news on television thanks to our contracts with the electric utility and cable company. We live in our homes, probably with a lease or mortgage contract tucked away in a drawer or safe deposit box. We drive a car to work that was leased or purchased with a written contract. And our employers have even more contracts.

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Contract Compliance Audits: What They Are and What You Need to Know

Ken Button | December 11, 2018

Have you ever blindly accepted your take-out order at a restaurant, only to later be disappointed at home? Perhaps you ordered a sandwich and onion rings (because you’ve been craving rings for a month now), only to discover at your kitchen table that the (clearly incompetent and hateful) server gave you the sweet potato fries instead. Or perhaps you ordered the house pizza with explicit instructions to hold the black olives, only to learn that a cook (probably with impaired taste buds) put them on there anyway. In both of these instances, a quick “order compliance” audit before exiting the restaurant certainly would have been helpful!

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Contract Management Best Practices for Smarter Contracts

Ken Button | November 26, 2018

Running a business is more complicated than ever before. Customers demand high-quality products and services for the cheapest price possible. Moreover, competition comes from everywhere, both domestically and internationally. Thus, the pressure has never been greater for enterprises to examine their business from top to bottom, to analyze every cost, and to streamline every process.

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Contract Management vs. Customer Relationship Management: What’s the Difference?

Randy Bishop | October 01, 2018

In today’s era of rapid technological evolution, you’d better stay plugged in or you will quickly lose track of the development of important business products and solutions. Moreover, with society’s love of text, email, and related acronyms, you’d also better stay abreast of these abbreviations, or you’ll find yourself unable to communicate in society’s shorthand.

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Why the IT Industry Needs Contract Management Software

Ken Button | September 28, 2018

The Information Technology industry has enjoyed explosive growth for a number of years. According to research cited by CompTIA, the IT industry exceeded $4.5 trillion globally in 2017 and will exceed $4.8 trillion in 2018. Yearly growth of 5 percent is expected, but could be as high as 7 percent. The United States accounts for 31 percent of this total, representing the world’s largest technology market, in which the majority of tech spending occurs at the governmental and corporate level.

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How Contract Management Streamlines Business in the Hospitality Industry

Randy Bishop | September 25, 2018

Just mentioning the words “hospitality industry” brings a smile to the average person’s face. Of course, those of us who do not work in the sector tend to see visions of palm trees, blue oceans, majestic mountains, relaxation, and delicious and savory meals (although we concede you may have thought about a boring training seminar with rubbery chicken in a faraway but un-glamorous place).

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