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Configurable Software Applications - the Process

By ContractRoom on Mar 22, 2018 9:31:04 AM

The need for configurable software applications in the large enterprises is becoming more and more of a necessity. Instead of customized solutions, which are essentially company specific, buyers  are now demanding applications that evolve with ‘digitization’ best practices and are flexible enough to be altered easily as these practices are shared. Better still, many companies are in the midst of transforming processes and operations to improve overall efficiencies and productivity; however, it can require a lot of fine-tuning (and custom coding) to optimize the current environment when dealing with clunky legacy systems. Unfortunately, with a custom built tool or application, you just can’t get that flexibility and are stuck with the ‘as is’ or face costly change orders. Conversely, by providing configurable applications, developers are ensuring that these applications are easy to maintain, alter and scale as industry standards evolve, and company needs are harmonized and optimized. So, what is the process?

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Configurable Software Applications - the Benefits

By ContractRoom on Mar 9, 2018 2:24:13 PM

So, you’ve taken the plunge and acquired configurable software for your business.  You’re thoroughly convinced that cloud-based software is the future and the future is now.  You’re committed to steering your company in the direction of  innovation and progress so you can stay competitive and exceed your goals. You’ve done a careful audit of what your organization needs and you’re ready to reap the benefits of configurable software.  So what exactly are the benefits? 

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Various Commercial Contracts – which is right for my situation?

By ContractRoom on Dec 15, 2017 5:30:00 PM

Legally speaking, contracts can be interpreted in vastly different ways. From verbal contracts, called express contracts, to implied and quasi contracts, project managers need to plan for all possibilities.

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Things to watch out for (and avoid) in contract consulting agreements

By ContractRoom on Dec 13, 2017 6:00:00 PM

Traditional contracts can have several pitfalls that can be avoided through the use of technology. Think about what a contract traditionally has been: a single, lengthy, paper-based document that is time consuming to create and, therefore, does not get updated regularly.

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What’s the future of contracting and the Blockchain for business transactions?

By ContractRoom on Dec 8, 2017 5:00:00 PM

With emerging technologies like blockchain ledgers and decentralized markets taking hold, business managers can fully expect the business contracting environment to change dramatically in coming years.

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What’s the right software for my company?

By ContractRoom on Dec 6, 2017 6:00:00 PM

With so many options in the market, buying new software to fulfill a specific need in your company can be dream—or a nightmare. So, where to start? What do I need to know? What should my team be taking into account?

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Things to watch out for (and avoid) in contract consulting agreements

By ContractRoom on Oct 17, 2017 7:07:17 AM

Traditional contracts can have several pitfalls that can be avoided through the use of technology. Think about what a contract traditionally has been: a single, lengthy, paper-based document that is time consuming to create and, therefore, does not get updated regularly.

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How effective is collaboration in negotiations with contract lifecycle management software?

By ContractRoom on Sep 13, 2017 6:03:29 PM

Most general counsel and procurement officers would probably agree that collaboration in contract negotiations is a challenge even when all parties are in the same room. So what happens in our virtual world where the new normal is that people are spread across multiple locations and time zones? What does virtual collaboration look like?

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What’s the future of Contract Lifecycle Management and the Blockchain?

By ContractRoom on Sep 12, 2017 6:35:00 AM

With emerging technologies like blockchain ledgers and decentralized markets taking hold, business managers can fully expect the business contracting environment to change dramatically in coming years.

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Various Commercial Contracts – which is right for my situation?

By ContractRoom on Sep 5, 2017 7:00:00 AM

Contracts can be interpreted in vastly different ways. From verbal contracts, called express contracts, to implied and quasi contracts, project managers need to plan for all possibilities.

When setting up a written contract, there are several basic types to keep in mind:

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