At the heart of all modern businesses is the contract. Sales and legal operate on a daily basis writing, reviewing and editing contracts, and those are just two departments out of many others. There’s more to managing contracts than just being a simple file repository though, and vendor Novatus is on the forefront of expanding the definition. We talked to senior vice president of sales and marketing Jeffrey Bosworth to learn more about the Novatus approach.
Often when businesses talk about contract management, it’s reactive and not proactive, as topics like compliance and risk mitigation aren’t always top of mind for C-level sales executives. But contract management can be a proactive, strategic move—so here are some ways contract management empowers your contract team to become revenue generators for the organization.
We’ve all heard the environmental benefits of “going green,” but keeping our planet healthy isn’t the only reason for brokerage firms to move to electronic documentation. There are significant benefits of switching to digital signatures, not just for your firm, but also for your customers.
Many companies can effectively run their contract management functions off of a document management system which ticks the initial boxes including storage, easy access, and collaboration. But for companies with complex contract processes, contract lifecycle management (CLM) is the only contract management option for a number of reasons.
Revitas optimizes complex manufacturing channels and improve distribution techniques with top manufacturing and distribution software solutions. We sat down with President and COO Al Smith to learn how Revitas is reinventing itself for the 21st century.
Electronic signatures have gained momentum in businesses looking to reduce transaction costs and the time it takes to close business. But it’s not just about reducing paper costs anymore. Customers are demanding more advanced technologies from businesses in every industry.
Firms across the country are going paperless or reducing their paper waste, and you can too. The journey to becoming a paperless brokerage firm isn’t easy, but the benefits are completely worth it.
ConstructionDocs is a library of professionally-authored, industry-standard construction contracts and forms designed to facilitate communication with subcontractors, suppliers and customers. The platform works as a companion for Microsoft Office, allows users to customize forms with company branding elements and is legal in all 50 US states, with a California-specific version available.
The maturation of your contract management process is critical if you want to maintain compliance and manage risk. So, if you’re wondering whether your contract management process is keeping pace, read on to see where your process fits in the evolution of contract management.
The problem with old school “contract management” is that it puts the focus on managing something that already exists. You’ve got all these contracts. Manage them. Keep them somewhere safe. Pluck out the important data points and make sure you don’t miss any milestones or send invoices for the wrong amount. But this is all very back office.
