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Contract Managers: Here Are 4 Tools to Decrease Your Contract Cycle Time

Dermot Whittaker contract management software, effectiveness, efficiency

Contract managers are pressed on several fronts. As professionals, they need to uphold the contracting standards of their organization across dozens of agreement types. As workers in a busy department, they need to produce agreements efficiently. And as the primary contact for business users who need contracts to do their jobs, they are asked more often than they’d like: When will my contract be ready?

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Contract Economics 101: Transforming Your Contracts into Opportunities

Dermot Whittaker Blog Posts, contract economics, contract management, contract managers, effectiveness, efficiency, Efficient, return on investment

In discussions of the ROI of a contract management system, the distinction is often made between efficiency and effectiveness. Getting more work done in less time, or at lower cost, is efficiency. When a contract management system reduces search time for contracts, allows standard language to be reviewed once instead of multiple times, and allows contract professionals to handle work that used to go to more skilled (and more costly) attorneys – that’s efficiency.

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