Three things you need to know about Contract Management
The three most notable things about Contract Management
In recent years, our specialists have been in contact with a large number of people from the business world. We have compiled a top 3 in which a striking common thread can be observed. The order of this contract management top 3 is arbitrary. Do you know which common thread we are referring to?
1
Managing contracts? No idea on how to do that?
2
How do you manage a notice period?
3
Can you manage contracts without software?
Enterprise Software, priced for any budget. Start for free.
Managing contracts? No idea how to do that?
Did you know that as many as 80% of all organizations and companies in Western civilization barely have a clue how to manage contracts? Often they do take into account a few key complex contracts, but in doing so they overlook what it is really all about in the first place: The simplicity of managing contracts.
How do you manage a notice period?
Decision-makers, support staff and managers want to know in time whether they should terminate a contract or enter into negotiations for its renewal. This is also called managing contract notice periods (see also top three). Experience shows that this often goes wrong with a false start in the choice of tools (excel, outlook).
These programs often require an enormous investment of time combined with extremely low returns. And.......this prevents you from managing the content of a contract, which is what really matters. We wrote an eBook about it. You can download it for free.
Managing contracts without Contract Management Software: Not possible!
The biggest time-consuming mistake in Contract Management.
We have heard it from many clients, there is one time-consuming misstep that absolutely stands out, and that is.... Managing contracts in spreadsheets (see also: contracts and excel). Why? You are not managing contracts but managing the (excel) spreadsheet itself. This is not only boring, it also costs you a lot of time. Don't even start!
The irrefutable proof is that managing contracts is not possible without a contract management solution. It often takes some time to get the hang of it; If you have any questions about this, please contact us.