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The Importance of Integrity in Contract Management
Integrity in business is a more complex topic than it might at first appear. Integrity could be summed as a list of “Don’ts”—don’t lie, don’t mislead, don’t conceal, don’t steal, don’t break...
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Empower Sales Staff with Contract Management Software
In many enterprises, contract management automation is still seen primarily as cost containment. That thinking underestimates the potential of enterprise contract management software to also increase...
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The Vital Role of Contract Management in Government Contracting
Federal, state, and local governments are rich sources of revenue for many suppliers and contractors, but working with government agencies can be complex due to their often-stringent reporting...
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Managing Government Contracts with Automation
Contracts with government agencies require a high level of accounting accuracy and fiscal management. And with the level of today’s technology, government agencies prefer to award contracts to...
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Management Skills and Successful Contract Management – Part 1
Automation should be considered an absolute necessity in contract management. Without it, an enterprise will be hard-pressed to efficiently manage its contracts to maximize cost savings and revenue...
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Management Skills and Successful Contract Management – Part 2
Maximum-efficiency contract management requires automation, but automation alone isn’t sufficient. Even with the best enterprise contract management software, the people tasked with managing contracts...
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Ignoring Contract Management Reduces Profitability
Contracts are the lifeblood of business. They facilitate and govern virtually every B2B transaction conducted. Yet most enterprises are too lax in their management of contracts throughout the contract...
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Using CMS to Manage Freelancers
Many enterprises find it more cost-efficient to fulfill their creative needs by hiring freelance programmers, graphic designers, event planners, writers, editors, photographers, etc. The advantages of...
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Contract Workers Require Strong Contract Management
The U.S. economy appears to be recovering, but many employers are still choosing to remain lean—using contract workers rather than hiring full-time employees. Contract workers provide the flexibility...
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Using Contract Management Software to Overcome Cost from Human Error
Even the most diligent people make mistakes, forget things, and overlook important details. This potential for human error is well-known in business planning, and to counter it, automation of routine...
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Achieving Operational Efficiency through Cloud Technologies
Created by the E-Government Act of 2002, the Federal Chief Information Officer of the United States (US CIO) oversees federal technology spending, federal IT policy, and strategic planning of all...
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The Power of Cloud-Based Contract Management
Cloud computing has come a long way from buzzword to a reality affecting businesses around the world. Ranging from hosted email solutions to hosted IT servers to hosted contract management software,...
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Taking Action Steps in Contract Management
“If you know anything about magic, you know that the best tricks are the ones that are the most simple to perform. Levitation relies on pulleys, floating dollars need thread, and the disappearing coin...
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Legal Clinics Could Benefit from Cloud-Based Contract Management
“Larger [legal] clinics could be better positioned to leverage technology and/or develop partnerships that actually expand client access to clinic law services,” states a report from Legal Aid Ontario,...
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Implementation and Control of Government Contracts
Each fiscal year your company goes through the same exercise of reviewing its client portfolio to determine what can be done to improve the profitability of existing accounts and what can your team do...
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Rise of Temp Work Increases Importance of Contract Management Software
Increasingly, companies across the world are turning to temp workers (also known as contract workers) to fill employment gaps. These gaps occur for many reasons ranging from maternity leaves to...
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Checklist for Evaluating Contract Management Software
In an interview with the Center for Association Leadership, Joanne Duncan, CPA, CAE, and current CFO of the Credit Union National Association (CUNA) and Jeffrey S. Tenenbaum, Esq., a partner in Venable...
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Enhancing Contract Usability Through Visualization
Contracts are complex just like the same business relationships, processes and projects they seek to describe. Even though they are essential parts of businesses, contracts are a common source of...
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How to Create Quality Contracts
Founded in 1999 with support from British Telecom, Hewlett-Packard, IBM, Lucent Technologies, Marconi Communications, and Siemens, the International Association for Contract and Commercial Management...
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The Evolution of Contract Management
One of the trends that is transforming the role of contract managers and will profoundly change the way companies do business in the future is the idea of cloud-based contract management. Technology is...
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