Benefits of sourcing a Contract Management System

By ContractRoom on Sep 17, 2018 1:24:02 PM

Contract Management is a process that is usually defined as the execution and monitoring of the contract to maximize its potential while minimizing risks. With contract management, you can track all your purchases and/or sales related to contract. You can also easily search your contract repository and find related metadata to take quick action. The main importance of a quality contract management is to provide a systematic platform, offering several tangible benefits to a corporation, such as:

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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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Embracing the new software for transforming Contract Management

By Lauren Harriman on Sep 2, 2016 9:48:02 AM

Lauren Harriman, J.D., CIPP/US, is a technology law blogger for TechTalkTranslated.com, the blog she launched during her final year at the University of San Francisco School of Law.  She initially launched the blog so that she could explain tech and news about tech privacy to readers who were not tech-savvy and make them laugh at the same time. Today, she writes about emerging technologies and associated legal issues. A product of both coasts of the United States, she began her career as a programmer for a small startup in Silicon Valley. She spends her free time skiing and developing ways to automate her work. 

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3 tips for surviving uncertain times in the oil and gas industry

By Katie Cook on Jun 28, 2016 5:07:21 PM

The oil and gas industry is going through a period of massive change.  Many factors have transformed it in recent times and continue to transform it.  These include:

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The Effects of Data Analytics on Politics, Media and Business

By Katie Cook on Jun 23, 2016 5:04:31 PM

Collecting and analysing data has recently become commonplace in several spaces.  Three of those areas are politics, media and business.  This article considers how large scale data analysis is changing the way things are done in these three fields.

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6 Ways the Supply Chain has Transformed in the Last 20 Years (part 2)

By Sarah Aswell on Jun 21, 2016 9:34:56 AM

Last week we wrote about 3 of the ways the supply chain has changed in the last 20 years.  This week we continue this article series with a further 3 ways and consider what supply chain management will look like in the future.

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The new method for document assembly - a modular approach

By Katie Cook on Jun 9, 2016 11:26:15 AM

How to create a modular framework for your contracts and agreements

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What will contract lifecycle management look like in the future? (Part 1)

By Katie Cook on May 11, 2016 8:59:23 AM

Features that CLM systems are likely to have in the near future

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Avoiding the contract management cave-in in mining

By Katie Cook on May 5, 2016 5:01:45 PM

What is the best way to manage the contract management process in the mining industry?

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How to logistically manage your contracts (Part 2)

By Katie Cook on May 3, 2016 1:53:12 PM

How to manage your contracts logistically for logistics providers

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