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...

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...

Evaluate – Measuring progress and identify areas for improvement

After executing your plan, the next step in the 7E Model for Excellence is to Evaluate the results. Evaluation is a critical phase that allows you to measure success, understand what worked, and identify areas for...

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...

Establish – Setting Clear Standards

After envisioning your future and exploring the landscape, the next critical step in the 7E Model for Excellence is to Establish your best practices by setting clear, understandable standards. Establishing these...

Game theory as a game changer in contractmanagement?

You do not always need to invent the wheel. In this article I will try to get a link between a sound mathematical theory and the world of contractmanagement, AI and CLM. As always, feel free to comment. What is...

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

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

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...

Evaluate – Measuring progress and identify areas for improvement

After executing your plan, the next step in the 7E Model for Excellence is to Evaluate the...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for...

Establish – Setting Clear Standards

After envisioning your future and exploring the landscape, the next critical step in the 7E Model for Excellence is to Establish your best practices by setting clear, understandable standards. Establishing these...

Game theory as a game changer in contractmanagement?

You do not always need to invent the wheel. In this article I will try to get a link between a sound mathematical theory and the world of contractmanagement, AI and CLM. As always, feel free to comment. What is...

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Featured contract management news

Featured contract management news

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

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

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...

Evaluate – Measuring progress and identify areas for improvement

After executing your plan, the next step in the 7E Model for Excellence is to Evaluate the...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for...

Common Pitfalls in Post-Signature Contract Management

In The ROI of Contracting Excellence 2023 report, WorldCC and Deloitte revealed that businesses are experiencing an 8.6% erosion in contract value. This is positive news against the previously cited 9.1% in 2014,...

The Four Hidden Risks of a Fragmented CLM Deployment

Contract Lifecycle Management (CLM) solutions have emerged as an essential tool for managing contracts, reducing legal risks, and improving overall compliance. As organizations rush to implement CLM systems, many...

Vendor and Contract Management are critical for every organization

Whether it’s the data breach of your major hardware vendor, the data leak that involves hundreds or thousands of your vendors, or, more simply, you don’t have...

How blockchain can help manage complex supply chain contracts

As the landscape of supply chain management evolves, businesses continue to face significant hurdles when implementing agreements. Traditionally, legal, procurement, supply chain and finance departments have...

Outsourcing is here to stay

Outsourcing is here to stay. Yet we are still making the same mistakes. Let’s dive into the retained organization. A vital and oft overlooked element. Strategic control By retaining a strong organization, the...

Contract lifecycle management best practices you should be Following in 2024

Outsourcing contract management empowers in-house teams and executives to focus on strategic tasks by leveraging expertise, cost-effectiveness, and streamlined processes. With organizations managing thousands of...

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...

Contract drafting 101: implied warranties and design delegation

Important elements of a strong construction contract include implied warranties and design delegation. It is necessary to pay close attention to these concepts to protect against future disputes. When a contractor...

Key Insights from the Gartner® 2024 CLM Capabilities Report

Report of the CLM landscape The 2024 Gartner Magic Quadrant for CLM was recently published, offering a comprehensive overview of the CLM market and spotlighting key players and trends in contract lifecycle...

The importance of data migration in contract lifecycle management

In today’s fast-paced business environment, efficient contract lifecycle management (CLM) is essential for maintaining operational integrity and ensuring compliance. At the heart of effective CLM implementations...

Interesting topics in all categories

Interesting topics in all categories

General Knowledge

Engage – Fostering Collaboration and Commitment

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 all stakeholders. Without engagement, even the best-laid plans can falter. This step is about fostering a culture of collaboration, ensuring that everyone is aligned and working together toward the common goal of excellence.The...

Engage – Fostering Collaboration and Commitment

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...

Contract & Commercial Management

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

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 reality for smaller orgs.Even so, procurement teams are notoriously under-equipped and often rely on error-prone procedures like tracking contract data in Excel spreadsheets. But, in this thread lies the answer – the best teams...

AI & Tech

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

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 reality for smaller orgs.Even so, procurement teams are notoriously under-equipped and often rely on error-prone procedures like tracking contract data in Excel spreadsheets. But, in this thread lies the answer – the best teams...

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...