The Importance of Real-Time Collaboration in Contract Negotiations

To say that it’s hard to negotiate contracts when the two parties involved are not present at the same time is an understatement. Sadly, because of the current situation, it has become even more challenging to meet and discuss the contents of contracts in person. The good news is that the best contract management platforms […]

Why Should ERPs, CRMs, and CPQs be Integrated with Contract Management Software?

Now that we’re nearing the end of another financial year, more businesses are getting on their feet, trying to make the most out of the last few months to increase revenue and maximize profits. However, strategizing and planning isn’t all that happens during this time.  During this last push, you may notice some business operation […]

5 Reasons to Use CLM Software for Contract Compliance Tracking

Contract Lifecycle Management (CLM) is an automated system that streamlines contract processes, such as initiation, authoring, process and workflow, negotiation and approval, execution, ongoing management, contract compliance tracking, and contract renewal during their critical stages.  Contracts can become challenging to manage. However, due to the emergence of contract management software, companies can now track every […]

How Contract Management in ERP Software Amplifies Businesses

Enterprise Resource Planning (ERP) software has multiple features that may differ with every vendor. Some features are naturally standard across the industry. Still, several additional modules and add-ons are available on a case-by-case basis that can assist your business with specific needs. Among these special features is ERP contract management, which speeds up manual workflows […]

Digital Transformation in Contracts: Integrating Anapact With NetSuite

All businesses, whether new or old, need to keep updated when it comes to the technology used to help them run. Using up-to-date business systems will ensure that the operations will continue to run smoothly and without setbacks. Most companies are pushing to go paperless, and in line with this, many have already adapted cloud-based […]

How eSignatures Can Help Streamline Your Sales Cycle

Digital signature technology has existed since the start of the new millennium. In 2000, the United States passed the Electronic Signatures in Global and National Commerce Act, which established that eSignatures share the validity of an ink signature and are an acceptable method for document execution in every U.S. state and territory. Today, by automating […]

Benefits of Contract Management Systems in Financial Services

The financial services industry has seen a dramatic rise in digital transformation. While this is not new, the speed of change is unprecedented. Along with this comes an immense need for companies to adapt to the new landscape to meet customer needs and expectations. Contract management systems are becoming increasingly important within the financial services […]

How to Convince Your Boss to Invest in a Contract Management System

Modern businesses are always looking for ways to improve their operations. Indeed, efficiency is the key today as businesses are always looking to get the most output from the least input. And while people often focus on things like manufacturing and their day to day operations when trying to boost their overall productivity, we’re here […]

4 Industries that Utilize Contract Management Software

Using technology to optimize business processes has since been a staple for many industries. Thanks to the fast-paced demands of the consumer market, companies must also exercise efficiency with the help of digital tools and mediums. One essential feature no business owner should miss is an effective contract management software. Contrary to popular belief, businesses […]

How Contract Management Systems Can Detect a Breach of Contract

Contracts are formal agreements to exchange products or services between parties. These formal promises shape the business’s daily operations. Besides being legally binding, they set the tone of the parties’ working relationship. In other words, they serve as the business’s foundation. For this reason, knowing the basics of breach of contract is crucial. What Are […]