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Contract Management Ethics
The National Contract Management Association’s code of ethics calls for professionals in the contract management industry to “continuously improve” their “professional knowledge and job performance in...
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The Full Scope of Contract Management
“Contract management” is often thought of as a function that primarily occurs after contracts are closed. But the enterprises which are the most successful at maximizing revenues and minimizing costs...
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The Human Element of Contract Management Software Implementation
Many enterprises implement new technology with unrealistic expectations, erroneously thinking it will immediately and automatically lead to increased profit, says Henry Hornstein, who teaches HR...
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How Contract Management Software Can Help With the Top 10 Most-Negotiated...
The International Association for Contract and Commercial Management (IACCM) recently conducted its annual survey to identify the most-debated terms and conditions when enterprises negotiate...
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Toward Contracting Excellence
It’s easy to understand that contract management is important to business success. It’s not so easy to actually implement contract management practices that contribute to this success. At the...
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Outcome-Based Contracting Requires Contract Management
Outcome-based contracts are becoming increasingly popular in B2B contracting, and their use is likely to continue growing—making the adoption of enterprise contract management software even more...
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When Contract Management Goes Wrong
The costs and benefits of contract management are often not properly quantified, and that lack of clarity leads many enterprises to neglect this vital aspect of business success. But sometimes the...
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Tragedy Reveals Importance of Contract Knowledge and Control
On Nov. 24, 2012, a fire swept through the Tazreen Fashions clothing factory in Bangladesh, killing 112 people, including workers stitching together Faded Glory shorts for Wal-Mart. Wal-Mart—along with...
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The Importance of Integrity in Contract Management
Integrity in business is a more complex topic than it might at first appear. Integrity could be summed as a list of “Don’ts”—don’t lie, don’t mislead, don’t conceal, don’t steal, don’t break...
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Empower Sales Staff with Contract Management Software
In many enterprises, contract management automation is still seen primarily as cost containment. That thinking underestimates the potential of enterprise contract management software to also increase...
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Managing Government Contracts with Automation
Contracts with government agencies require a high level of accounting accuracy and fiscal management. And with the level of today’s technology, government agencies prefer to award contracts to...
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Management Skills and Successful Contract Management – Part 1
Automation should be considered an absolute necessity in contract management. Without it, an enterprise will be hard-pressed to efficiently manage its contracts to maximize cost savings and revenue...
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Management Skills and Successful Contract Management – Part 2
Maximum-efficiency contract management requires automation, but automation alone isn’t sufficient. Even with the best enterprise contract management software, the people tasked with managing contracts...
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Ignoring Contract Management Reduces Profitability
Contracts are the lifeblood of business. They facilitate and govern virtually every B2B transaction conducted. Yet most enterprises are too lax in their management of contracts throughout the contract...
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Using CMS to Manage Freelancers
Many enterprises find it more cost-efficient to fulfill their creative needs by hiring freelance programmers, graphic designers, event planners, writers, editors, photographers, etc. The advantages of...
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Using Contract Management Software to Overcome Cost from Human Error
Even the most diligent people make mistakes, forget things, and overlook important details. This potential for human error is well-known in business planning, and to counter it, automation of routine...
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Achieving Operational Efficiency through Cloud Technologies
Created by the E-Government Act of 2002, the Federal Chief Information Officer of the United States (US CIO) oversees federal technology spending, federal IT policy, and strategic planning of all...
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The Power of Cloud-Based Contract Management
Cloud computing has come a long way from buzzword to a reality affecting businesses around the world. Ranging from hosted email solutions to hosted IT servers to hosted contract management software,...
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Taking Action Steps in Contract Management
“If you know anything about magic, you know that the best tricks are the ones that are the most simple to perform. Levitation relies on pulleys, floating dollars need thread, and the disappearing coin...
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Legal Clinics Could Benefit from Cloud-Based Contract Management
“Larger [legal] clinics could be better positioned to leverage technology and/or develop partnerships that actually expand client access to clinic law services,” states a report from Legal Aid Ontario,...
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