Articles and Insights

There are a lot of contract management solutions out there. And their differences aren’t always clear. How do you choose the best contract management software for your business? In this contract...

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...

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...

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. Effectively managing such an enormous volume of...

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...

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,...

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,...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

Tracking changes, also known as redlining, refers to the contract lifecycle stage where legal teams and other contributors take turns reviewing, marking, striking, or commenting on the proposed terms...

Contract management is an important part of the procurement process that involves the creation, negotiation, and storage of all legal documents that govern a company’s purchase and delivery of goods...

In many ways, contracts are the backbone of business operations. customer service, vendor deliverables, employee obligations, and real estate terms are just a handful of the many critical business...

Due to the sheer volume of vendor contracts and intellectual property that colleges and universities manage on a daily basis, they have developed a reputation for being risk-averse and slow-moving...

The contract lifecycle at any company can be a laborious process, but the hospitality industry presents its own unique operational and logistical challenges that can make contract management...

Contract management software is a sophisticated way to ensure your company’s entire contract lifecycle is foolproof and compliant. In this article, we’ll explain the benefits of contract management...

Happy October everyone. We're exited to announce a few new features that have been heavily requested. ContractSafe now allows you to include Custom Fields that are Dates, that integrate seamlessly...

Wow! Our development team has been busy. Tons of great new features were just added to ContractSafe. From better document handling to better search...it's another release focused on ease of use and...

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...

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...

At ContractSafe we love contracts. We know...it's kind of weird. But it's what we do! Another thing we love is Sterling Miller's blog. He takes complicated areas of the law and simplifies it into Top...

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...

As we head into the home stretch of 2019, we have some exciting updates to share with you! Saving views Do you wish that you could customize your views in ContractSafe so that you’re always only...

We've put a fresh coat of paint on the house! And patched some windows and doors while we were at it. You'll notice our new look on each page of the site, once you're logged in. We've improved the...

We just released a new feature that will save you a lot of time. Advanced Search is here. Also, bulk edits have been updated so that you can bulk edit any field in ContractSafe. Add in some improved...

In an increasingly technological world, IT managers play a vital role in the success of any company. And certainly, the more that IT managers understand the roles of other departments in the...

We know that business managers and professionals across all industries face incredible time management challenges. On some days, it feels like two new fires erupt for every old fire we put out. Plus,...

Maximizing resources is an overarching principle in business management. Managers get excited, and justifiably so, when they can add a little revenue here and cut an expense or two there. Implicit in...

Easier Filters Easier Column Changes Easier Deleting Easier Edits We've got some great St. Patrick's Day presents for you! Lots of new features, all designed to make your life easier. Let's take a...

Risk management professionals, in the broadest sense, must concern themselves with anything that can potentially create liability for the company or harm the company’s assets. In addition, managers...

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....

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...

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...

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...

We’ve all grown up hearing the idiom, “A picture is worth a thousand words.” But can you always convey everything you need to with a single photograph or drawing? Of course not. Pictures are great...

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...

Bold predictions for the future have long captured American imaginations, and there’s no shortage of people willing to share their opinions, especially at this time of year. Serious prognostications...

Most would agree that we live in a world full of conflict. As always, politics, religion, economic policy, and even armed disputes can pit one nation against another. Within our own country, we’re...

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...

Independent Audit Verifies ContractSafe’s Internal Controls and Processes ContractSafe today announced that it has completed its SOC 2 Type I audit. This attestation provides evidence that...

Everyone absolutely loves the end of the year, right? After all, holiday songs play non-stop on the radio. With our non-existent free time, we sprint through stores and stand in line to purchase...

Would you consider yourself a trendsetter, always wearing the latest fashions or the newest hair styles? Or perhaps an innovator or early adopter, always surfing at the front end of the technology...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

A quick update about exciting new features on ContractSafe! ContractSafe [AI]ssistant Introducing your brand new [AI]ssistant. We’re really excited to announce that our new AI setup feature is live....

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,...

Although we may not always use the term “needs assessment,” the concept plays a critical role in both our business and personal lives. At home, a task as simple as making a grocery list counts as a...

Here’s a story we have heard a million times from managerial personnel at organizations in many industries: Business is booming and everyone is working to capacity. Thus, the company needs help....

Contracts serve many purposes for the business organization. Companies memorialize agreements with employees, vendors, customers, and numerous other third-party stakeholders. Importantly, while the...

There’s no disputing that technology has evolved at an accelerated rate over the last several decades. In fact, some technologies seem to be eclipsed almost as soon as they are created. In other...

Woodrow Wilson once said, “If you want to make enemies, try to change something.” While we don’t want you making enemies, we all know that without change, there cannot be meaningful growth. In fact,...

Artificial Intelligence, commonly known as “AI,” is a topic now discussed more frequently than ever before in the United States and around the world. The concept was once a far-fetched, fictional...

Some years ago, the concept of contract management could be summed up quite simply. For some, it meant little more than compiling and filing paper contracts in the correct cardboard file folder in a...