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How Contract Management Software Surfaces Hidden Value
The first question every business asks when considering new technology is: What value will it deliver for our enterprise? To help businesses answer this question when considering an enterprise Contract Lifecycle Management (CLM) platform, Forrester Research has provided six major sources of value from a CLM system in its new report
What is contract data?
Contract data is the information that is contained within a company's contracts. This data can be used to track the performance of the entire organization or specific departments within the company. The data can be structured in a variety of ways, depending on the needs of the organization.
How To Write a Solid Statement of Work
A good statement of work should accurately define the scope and KPIs of a working arrangement, clearly defining responsibilities and avoiding any misinterpretations.
What is Contract Authoring?
Contract authoring is one of the foundational steps in the contract lifecycle management process where the agreement is created. Poor contract authoring frequently involves clauses scattered throughout many documents, subpar governance across contracts, development tracking breakdowns, lackluster line item management, and breakdowns in contract unification and subcontracting. Standardized language reduces business risk. Automation of contract management authoring with templates and clauses improves consistency and governance and enables more efficient self-service authoring.
Contract Management Solutions: How to Deliver Total Enterprise-wide Value
Transformational contract management solutions help to reduce risk, increase speed and agility, and add value around a range of different business functions.
What is a Wet Signature and Why should you Care?
What’s a wet signature & how is it different from an electronic signature or digital signature? Contract lifecycle management (CLM) plus e-signatures equal business value.
The Importance of the End User License Agreement
What is a EULA, and why is it important? What should a EULA include, and what problems might exist that parties to an end-user license agreement should be aware of?
The Top Skills that make Contract Managers Great
Contract management has strategic importance. Organizations should seek to optimize people, processes, and technology to manage legal agreements for maximum business value. Great contract managers understand the pivotal role they play, and they bring a unique mix of technical and interpersonal skills to the table.
Contract of Adhesion: Benefits and Enforceability
Most of us are very familiar with the concept of a contract of adhesion – even if we might not be acquainted with the term itself. Adhesion contracts – also known as boilerplate or standard form contracts – are generally a “take it or leave it” proposition.