Turn QUOTE-TO-CASH using CLM tools

In today’s business world, the ability to turn a quote into cash is essential for any organization’s success. The process involves managing contracts effectively, ensuring that all parties involved are aware of their obligations and responsibilities, and making...

How to choose the right contract management tool for procurement

Contract management is an integral part of the procurement process. It requires the tracking, monitoring, and managing of all contractual agreements to ensure that companies are meeting their obligations and getting the best possible deals. To make this...

Benefits of CLM software in IT and Procurement

WHAT IS CLM?

CLM stands for Contract Lifecycle Management. It is a process that involves the management of contracts throughout their entire lifecycle, from creation and negotiation to execution, monitoring, and termination. The goal of CLM is to ensure...

Importance of Project contract management

Project contract management is a critical aspect of any successful project, regardless of the size and scope of the project. It is the process of managing contracts throughout the life cycle of a project, from pre-award negotiation to...

Policy and Procedure Software: Free Beginner’s Guide

What is policy and procedure software?

A policy and procedure software is a software tool or platform that is used to create, distribute, and track policies and procedures within an organization. These...

10 things to know about Contract Lifecycle Management Software in 2023

The process of contract management has begun to occupy a crucial role in organizational business processes. Contracts, being an essential document, must be stored, secured, and monitored effectively....

The Future of IT and Management Consultancy: Contractual Relationships

In a recent study, many professional service organisations were found to actually lag in the performance of their contract management and drafting processes. Contracts are usually tangible elements of a...

Ways to Structure Legal Processes for Maximum Efficiency

Numerous internal and external factors are redefining in-house legal departments. Legal departments are being pushed to deliver more value, more effectively, whether it’s because of mergers and acquisitions, the need to...

Tips on creating a strategy for contract renewal

According to a study by World Commerce and Contracting, inadequate contract management costs cause businesses to lose 9% of their entire annual income on average. This 9% is made up of...

Leveraging Contract Metadata Retrieval to develop your CLM software

There was a period when we kept a large number of documents in storage units or stacked on shelves. Physical copies of all kinds of documents have rapidly disappeared as...