How To Manage Your Contracts with Contract Management Software

Let Me Ask you a question. Be honest … How would you describe your contract management system? • Disorganized? • Outdated? • Understaffed? • Manual and inefficient? • Non-existent? Well if you said anything other than, “A streamlined, automated machine…” You’ve come to the right place. Assuming you have a contract management system, it’s likely […]

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How To Improve Your Contract Management in 4 Easy Steps

Quick: What’s the fastest and easiest way to improve your company’s profitability by 9%? According to research by the independent International Association for Contract & Commercial Management (IACCM), the answer is to improve your contract management.  So what is contract management and how do you improve it?   It’s been defined as “ The process […]

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Source: Value of contracts falling worldwide

At what point does an “interesting trend” become “the new normal?” That’s the question raised by the most recent ISG Outsourcing Index, a quarterly report issued by advisory services firm Information Services Group (ISG). The index tracks the number, type and value of contracts worth more than $5 million worldwide. In its most recent report […]

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What does agile contracting mean?

It’s not every day you see the word “agile” in the modern business sense connected to the topic of contract management. That’s why this recent post on the website for staffing and consulting company, Eliassen Group, caught our attention: Utilizing Agile in the World of Contract Management. In the post, Rob Annis, senior agile coach […]

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Using calendars? You’re doing contract management wrong

Ever on the lookout for facts supporting the need for contract management (and, yes, CM solutions), we found this recent post by Brodies LLP, “Scotland’s largest law firm.” In a survey of 138 businesses across Scotland yielded the following findings: 22% said they had no system to manage contracts with suppliers or customers. Of the […]

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Three ways the Internet of Things may affect contracts

Is opportunity in the Internet of Things (IoT) as real as people say it is? Let’s just say when it comes to predictions about future technology trends, a grain of salt should be a part of your diet. Take for instance the figure mentioned in a recent DHL and Cisco report on the IoT potential […]

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Five key reasons contract renewal rates are falling

Here’s a sobering statistic. According to the advisory services company Information Services Group (ISG), “incumbent” or existing outsourcing IT service providers are losing existing clients at a faster clip than just five years ago. According to ISG, five years ago these incumbents could count on 80% of their contracts getting renewed – but these days […]

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3 big things contract innovation awards tell us about contracts

Recently the International Association for Commercial & Contract Management (IACCM) released its list of finalists and winners of the 2014 Innovation Awards, complete with case study summaries. For anyone having anything to do with contract management (and even those who don’t!) the case studies serve as a reminder of the very tangible and real value […]

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