Contract management is an essential part of any business that operates with contracts. Effective contract management can help improve compliance, reduce risk and maximize the value of your contracts. In this article, we’ll dive deeper into what contract management entails, explore the benefits, address the challenges, and look at how contract management technology can improve … Read more
How can businesses improve the management of their contracts in 2025? With an increasing number of suppliers and employees, the complexity and importance of contracts in business is growing. In this article, you can learn more about the essential elements for getting started with contract management software in Microsoft 365. Whether you’re in the process … Read more
In an increasingly dynamic and competitive business environment, effective contract management is critical to business success and sustainability. Contracts form the backbone of business relationships, regulating rights and obligations, and ensuring compliance with legal and regulatory requirements. In 2024, the importance of contract management will continue to increase, driven by several key factors. Organizations can … Read more
Did you know that on average 9.2% of annual income is lost due to mismanagement in contracts? Good control and management is therefore essential to ensure efficient and secure contract management. Reports from the Journal of Contract Management also show that 71% of businesses do not find every ninth contract as a result of poor … Read more
In a world driven by technological innovation, companies face ever-increasing demands for efficiency, productivity and cost savings. One key to meeting these requirements lies in digital contract management. With the advancement of technology, the transition from traditional paper-based agreements to digital agreements has become a crucial strategy to improve workflow, reduce risk and increase competitiveness. … Read more
In an increasingly digital world, there are still companies that believe that storing contracts on different platforms and on their own machines gives the best control. This is a claim we want to disprove in this article by showing some of the benefits you get from digitizing contract management. Why digitize contract management? Have you … Read more
What are the total costs and liabilities of your contracts? Contracts are often managed using many different spreadsheets, in different departments, with no indication of where the latest version of the contract can be found. What are the total costs and obligations of the contracts? Contracts cost a lot of time and money to draw … Read more
Contract management is proving to be a very time-consuming element of the business, which facilitates the need for an efficient and automated contract management system. What is contract management? Contract administration or follow-up of contracts concluded with customers, suppliers, partners or employees. In contract management, the process of managing contract creation, execution and analysis to … Read more
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