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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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...

Large scale political impact is on the horizon

Large scale political impact is on the horizon. We have seen it before, we still have it today and in the future it is to be expected as well. To prepare for a large-scale political impact in day-to-day work,...

Implications of the final RTS subcontracting for current and future ICT agreements

On 17 and 26 July 2024, the European Supervisory Authorities published the second batch of the final Regulatory Technical Standards (“RTS”) under the Digital Operational Resilience Act (Regulation (EU) 2022/2554,...

Contract lifecycle management: the soft middle

The prime place in your contracting portfolio where value is lost and gained Many a business case for contracting transformation, CLM technology or contract management cites the considerable amount of value...

Contract management trends to look for in 2024 and beyond

When you reminisce about the contract management trends of 2022, you see the year has seen the advent of even more advanced tools. After relying on contract management technology for the past year and a half,...

Thriving in an AI-Free World: Skills for Contract Managers

Imagine a world where AI suddenly vanished overnight. What skills would contract managers need to thrive? In an AI-less landscape, the emphasis would shift back to the core human skills that have always been at...

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...

Understanding the blind spots in contract drafting

In the realm of contract drafting, it's crucial to acknowledge the blind spots that can inadvertently lead to legal headaches. Here's a refined look at some common pitfalls: Ambiguity Precision matters. Ambiguous...

Streamlining contract management: essential Tips for success

In today's fast-paced business environment, effective contract management is essential for success. Centralizing document storage, standardizing contract templates, and utilizing automation tools are just a few...

The 7E Model for Excellence

This blog introduces the 7E Model for Excellence — a comprehensive framework designed to help you identify, implement and sustain best practices in contract and commercial management. By following this structured...

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...

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...