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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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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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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What is OCR, and Why is it Important in Contract Management?

Randy Bishop | October 04, 2018

The following blog was originally published on G2 Crowd.

Like many technical terms, optical character recognition – or OCR – actually describes a fairly straightforward concept.

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The Most Important Features to Look for in Contract Management Software

Randy Bishop | August 24, 2018

It’s an unfortunate fact that we can have regrettable periods of boredom in both our business and personal lives. Perhaps this is due, at least in part, to the fact that in the grand scheme of things, relatively few people ever know the real pleasures associated with finding the perfect contract management software. In fact, according to an unscientific ContractSafe survey (conducted with employees in our offices), those who incorporate the best contract management software into their daily routines are happier, sleep better, and often appear more attractive to others!

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Recent Trends in Contract Management

Randy Bishop | July 13, 2018

 

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 metal filing cabinet. But as time has marched on, technology has improved, and business principles associated with the contract management profession have evolved. In fact, with all of the powerful tools now available, it is an exciting time for contract managers. In this article, we’ll discuss some of the most prominent recent contract management trends.

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How Important is Digitalization of the Contracting Process?

Ken Button | June 19, 2018

An often-repeated statement in business and in life is: “Don’t sweat the small stuff.” Interestingly, this saying is popular with all types of managers and across most industries (OK, maybe bomb makers and nuclear engineers should sweat the small stuff.)

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Why OCR Makes a Huge Difference in Contract Management

Randy Bishop | June 05, 2018

In today’s society, more so than ever before, business managers are bombarded with technological products and concepts, and must make sound decisions on behalf of the organization. Hardly a day passes that someone isn’t touting and attempting to sell the latest and greatest innovation. Of course, some innovations stand the test of time, while other ideas fall flat and fizzle. Believe it or not, there was a time when some people eschewed computers and email, firmly believing that snail mail and a fax machine connected to a landline would carry their business into the next century.

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