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The Future of Contract Management: Trends and Predictions
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Brief Context Contract management is undergoing a transformation and about time. For a while it’s been a clunky are of business to say the least. With sales contracts at the forefront of business interactions, staying on top of emerging trends and predictions in contract management is crucial. This article delves into the future of contract…
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The Impact of Contract Management on Project Management
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For any software as a service (SaaS) company that’s growing and scaling. Efficient contract management plays an important role in ensuring successful project management. The impact of contract management on project management ripples across a number of teams in your company. Managing sales contracts that govern the transactions in your business can significantly impact the…
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How to Ensure Contractual Compliance with International Laws and Regulations
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A lot of startups grow internationally early in their businesses lifecycle. Whether you’re looking for growth opportunities in a bigger market or just happen to generate interest internationally you need to keep an eye on contracting issues. Learning how to ensure contractual compliance with international laws and regulations is tough. Laws differ between countries and…
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How to Use Contract Management Software to Automate Workflows
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Brief Context: To grow and scale a startup, automation of manual work is the key to success. This is especially true when it comes to building and structuring the way you handle contract management. The sheer volume and complexity of documents can be overwhelming. Simplifying contract workflows with automation helps businesses stay organized, reduce errors,…
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The Benefits of a Contract Management Center of Excellence
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Brief Context Despite the seemingly square and business like name a Contract Management Center of Excellence (CoE) is very useful for startup companies. This dedicated hub is designed to set you up with best practices, innovative strategies, and better expertise around the management of contracts. Here are the biggest benefits of having a Contract management…
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The Impact of Contract Management on Financial Management
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The end of the sales cycle is a mess, let’s be honest. For most small businesses the sales team is incentized to close deals as fast as possible. The finance team is often left holding during with the impact of contract management on financial management. Which usually isn’t a great impact. One of the critical…
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The Benefits of Cloud-Based Contract Management
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When was the last time you saw a signed physical contract and thought ‘wow, that’ll be easy to file and extract information from’? Probably never. The management of sales contracts has evolved significantly. Cloud-based contract management systems have emerged as a powerful tool, revolutionizing the way organizations handle their sales contracts. There are a lot…
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The Importance of Documenting Contract Changes
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Sales contracts are the foundation of the commercial transactions that you set up with customers. They lay out the terms and conditions under which a sale takes place. In an environment where you’re selling to enterprise customers negotiations, amendments, and modifications are often necessary. Documenting contract changes becomes a very important aspect of contract management.…
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SaaS Contracts at Different Growth Stages
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Software as a service companies go through multiple different stages as the idea of them formulates into a product. With these phases of growth comes differing levels of maturity, organization and risk across the company. SaaS contracts and legal ops are no exception to this. As you develop your SaaS contracts at different growth stages…
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