<img height="1" width="1" src="https://www.facebook.com/tr?id=151823845445292&amp;ev=PageView &amp;noscript=1">

5 Insanely Simple Contract Automation Use Cases You May Have Overlooked

Dermot Whittaker efficiency, contract management software, automation

If your organization is using a contract management system, you have probably addressed the use cases that led you to adopt it. You have a repository for contracts so that they are no longer lost. You have forms and workflows that create contracts and guide them through finance and legal for approval. You are associating your contracts with related documents such as statements of work, licenses, certificates of insurance, amendments, and addenda.

Read More

5 Key Points to Consider When Selecting Contract Management Software

Dermot Whittaker contract management software

Advanced contract management software makes running your business easier, at least in theory. If you are at the shopping stage, one of those “theoreticals” is the choice between software in the cloud (SaaS or Software as a Service) and software installed on premise. Either mode of delivery can give you a program that improves risk management, compliance, and contract quality. Below are five points to consider.

Read More

A Solution for Contract Management: Office 365

Dermot Whittaker office 365, Microsoft, contract management software

Looking for an upgrade in your contract management system? You may be most of the way there. Office 365, the cloud-based collection of Microsoft’s productivity tools such as Excel and Word, is becoming standard at many companies. The combination of Office 365 and Azure – the Microsoft cloud where O365 lives – has capabilities that will make enterprise contract management easier and more secure once the tools are harnessed to business processes.

Read More

3 Reasons Digital Transformation Should Begin with Contract Management

Dermot Whittaker contract management software

As technology evolves, companies must update their processes and software to remain competitive. This process of “digital transformation” can be applied very effectively to contract management, where the return on investment can be realized in the short-term, with potential for ongoing savings as more contract types and business units are included.

Read More

6 Sticking Points in the Contract Lifecycle – Part 2, Post Execution

Dermot Whittaker contract management software

In Part 1 of this blog, we looked at three sticking points in the contract lifecycle that occur before signature. Understanding the contract lifecycle means identifying those sticking points and reducing friction so business gets done promptly but still safely under contract.

Here are three common sticking points that occur once the contract is executed. 

Read More

6 Sticking Points in the Contract Lifecycle – Part 1, Pre-execution

Dermot Whittaker contract management software

Some business you can do with a phone call and a hand shake. But when your business depends on the outcome, you need a contract. Getting a contract in place (or acting according to its terms) creates sticking points. Understanding the contract lifecycle means identifying those sticking points and reducing friction so business gets done promptly but still safely under contract.

Read More

Meeting the Challenge of Subcontractors and Contract Compliance

Dermot Whittaker subcontractors, contract management software

Organizations expect the benefits of contract management software and contract compliance to accrue to them. Their procurement team will gain in efficiency, shorten turn-around time, and reduce costs. Their attorneys will focus on unreviewed, contract-specific terms in high-value agreements instead of checking and re-checking boilerplate language in routine contracts.

Read More

3 Ways Public Utilities Benefit from Contract Management Software

Dermot Whittaker contract management software

For public utilities, contract management software can play a key role in the successful procurement.

Read More

6 Warning Signs Your Contract Management Process Will Not Scale

Dermot Whittaker contract management software

Thriving businesses need contract management processes that can scale with their growth. Without the right contract management process, you can quickly lose sight of details that matter: failures of business partners to deliver on time, your business’s own obligations, potential revenue streams, legal and economic risks, and more.

Unfortunately, many managers don’t know how to spot common warning signs that their contract management processes will not scale. If you find any of these six problems, then you know that it’s time to find a better approach than the one you currently take.

Read More

8 Essential Phases of the Contract Lifecycle

Dermot Whittaker contract management software

Nearly all contracts go through eight essential phases during their life. Collectively, these phases are called the contract lifecycle. The concept comes from the lifecycles that all organisms follow. For a frog, the lifecycle begins with a tadpole. For a contract, the lifecycle begins with a request.

Read More
1 2 3