Why contract management belongs in IT – not buried in procurement

Have you ever been caught off guard by a contract renewal… that nobody remembered? Or tried to hold a vendor to a service standard you thought was in the contract, but wasn’t? If that sounds familiar, you are not...

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and...

Top 10 benefits of CLM

Contract Lifecycle Management (CLM) systems are no longer just a procurement play. While procurement teams are often the first to push for CLM, their rationale is only the tip of the iceberg. The strategic,...

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the...

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds all the other steps together. It emphasizes the importance of continuous communication, collaboration, and commitment from...

Enhance – Refine Best Practices

Excellence is not a destination but an ongoing journey. The Enhance phase of the 7E Model focuses on Continuous Improvement. This phase ensures that your best practices evolve over time, adapting to new challenges...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for Excellence is to Execute your plan. Execution is where all the groundwork laid in the previous steps comes to fruition. This...

Why contract management belongs in IT – not buried in procurement

Have you ever been caught off guard by a contract renewal… that nobody remembered? Or tried...

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration,...

Top 10 benefits of CLM

Contract Lifecycle Management (CLM) systems are no longer just a procurement play. While...

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger,...

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds...

Enhance – Refine Best Practices

Excellence is not a destination but an ongoing journey. The Enhance phase of the 7E Model...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for Excellence is to Execute your plan. Execution is where all the groundwork laid in the previous steps comes to fruition. This...

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Collectively, we are devoted to improving the realm of contract management, contract by contract.

Featured contract management news

Featured contract management news

Why contract management belongs in IT – not buried in procurement

Have you ever been caught off guard by a contract renewal… that nobody remembered? Or tried...

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration,...

Top 10 benefits of CLM

Contract Lifecycle Management (CLM) systems are no longer just a procurement play. While...

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger,...

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds...

Enhance – Refine Best Practices

Excellence is not a destination but an ongoing journey. The Enhance phase of the 7E Model...

Contract managers are boringly average

Earlier this week I spoke about IT service and its impact on people and their business. Nothing new about this. I must have done it fifty times in the past five years. Usually for IT service managers, business...

The importance of effective contractmanagement

In a world where organizations rely more on counterparts and collaborative efforts, regulations like DORA (Data Operations and Readiness Assessment), CSR (Corporate Social Responsibility), and NIS2 (Network and...

The art of contract management: a strategic asset across industries

Contract management has evolved from a behind-the-scenes function to a strategic business imperative. In today’s complex business landscape, organisations rely heavily on contracts to manage relationships, ensure...

The Importance of Contract Management Software

Today’s corporate environment demands that legal teams deliver value-driven, transparent, and cost-effective legal services. This compels legal departments to seek ways to improve their processes, often through...

The future of contract management: 7 trends to watch

Contract management has come a long way from the days of paper-based contracts and manual tracking systems. With technological advancements and evolving business needs, the landscape of contract management is...

5 focus areas to improve contracting

Whether you implement contract lifecycle management software or take your existing process to the next level, the rigor of your legwork will impact the ROI you extract from your contracts. Sailaja Meesaraganda is...

How to optimize your contract renewal strategy

If your organization is looking for ways to improve your contract renewal workflow, there are business models you can follow to help guide your path. Read on to discover six tips to help you identify hidden...

The litte brother of procurement is growing up

Effective contract lifecycle management can help your business to address many of the supply chain issues it may be experiencing. including failed delivery, liquidity risk, supplier disputes, financial distress...

Leveraging Tracey and Wiersma’s framework in ecosystem management

In the realm of strategic management, Tracey and Wiersma's framework offers invaluable insights into how businesses can effectively manage their ecosystems. This approach emphasizes the importance of aligning...

Emerging trends and technologies in contract lifecycle management

Contract Lifecycle Management (CLM) is evolving rapidly, driven by technological advancements and changing business needs. Here are some key trends and technologies shaping the future of CLM: 1. Artificial...

Interesting topics in all categories

Interesting topics in all categories

General Knowledge

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and technologies. This article delves into the origins and historical trajectory of contracts, revealing their enduring significance and the pivotal role they play in modern global ecosystems.The Origins: Writing as a Tool for Agreements...

Contract & Commercial Management

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and technologies. This article delves into the origins and historical trajectory of contracts, revealing their enduring significance and the pivotal role they play in modern global ecosystems.The Origins: Writing as a Tool for Agreements...

AI & Tech

Top 10 benefits of CLM

Top 10 benefits of CLM

Top 10 reasons procurement wants a CLM—and why every function should demand it (with AI’s Game-Changing Role)

Top 10 benefits of CLM

Top 10 benefits of CLM

Top 10 reasons procurement wants a CLM—and why every function should demand it (with AI’s Game-Changing Role)

Supply Chain

The most common supply chain risk-management failures

The most common supply chain risk-management failures

Regulators around the world are sending a consistent message to companies that operate or source internationally, which is that they must take ownership of their supply chains. In addition, multinational companies face increasing pressure from stakeholders, including investors, customers, and regulators, to align their operations with Environmental, Social, and Governance (ESG) principles, especially in the areas of forced labor, human...

The most common supply chain risk-management failures

The most common supply chain risk-management failures

Regulators around the world are sending a consistent message to companies that operate or source internationally, which is that they must take ownership of their supply chains. In addition, multinational companies...

Risk, Legal & Compliance

From Agreement to Action: How Due Diligence Shapes Your Contracts

From Agreement to Action: How Due Diligence Shapes Your Contracts

When it comes to legal contract management, due diligence isn’t just a box-ticking exercise—it’s a crucial requirement of smooth contract execution. But what exactly does "due diligence" mean for contract managers and how does it move an agreement from paper to practice? At its core, due diligence is the investigative work that lays the groundwork for informed decisions in contract management, helping contract managers assess risks,...

Finance

How ALM and CLM are reshaping finance

How ALM and CLM are reshaping finance

Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency!​ 1. Cost Control Mastered Say hello to Budget Bliss! Centralize contracts for enhanced expense visibility, empowering you to manage budgets with precision.​ 2. Auditing Made Easy No more headaches! With all contract and asset data neatly organized, auditing becomes a breeze, delivering...

How ALM and CLM are reshaping finance

How ALM and CLM are reshaping finance

Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency!​ 1. Cost Control Mastered Say hello to Budget Bliss!...

Sales

Ensuring future value: the critical role of contract management in sales

Ensuring future value: the critical role of contract management in sales

In a sales process, contract management plays a vital role in safeguarding future value by balancing the excitement of making a deal versus the realism of harvesting the value in the future. Here's how it ensures the long-term success and sustainability of the business: Effective contract management ensures that agreements are clear, precise, and aligned with the interests of all parties involved. By defining the rights, obligations, and...

Procurement

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and technologies. This article delves into the origins and historical trajectory of contracts, revealing their enduring significance and the pivotal role they play in modern global ecosystems.The Origins: Writing as a Tool for Agreements...