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Stages of Contract Lifecycle Management: #6 – Records Management Stage

During this series, we have discussed the first five stages of contract lifecycle management: contract request, contract authoring, contract approval, contract execution, and contract storage. Today we will cover the sixth stage of contract lifecycle management: the records management stage.

Stages of Contract Lifecycle Management Series: #4 - Contract Execution

We have discussed the first three stages of contract lifecycle management: contract request, contract authoring, and contract approval. The fourth stage of contract lifecycle management is contract execution. We will cover all the important details and tasks involved in this critical stage of the contract lifecycle.

Contract Management Defined

Contract management is a complex process involving many moving parts. A contract is created, then approved by the sending party, then negotiated or approved by the receiving party. Each step in the contract process, or stage, is known as a workflow stage. Workflow stages are conditions that contain tasks that must be performed for a contract to be signed by all parties. Workflow stages can be the responsibility of either the sending party or the receiving party or all parties.

Top Dock 365 Contract Management Blogs: 2020

The adjustment to Covid continues to change the workplace.  Software such as contract management systems have increased demand and usage in the remote work setting.  Employees working from home have participated more as a daily user of contract management software than pre-Covid.  As employees return to offices, or begin hybrid work environments, contract management systems will continue to be an important software for every company.  According to the Wall Street Journal, Microsoft began a hybrid work environment on March 29, 2021.

The sudden switch to remote work has forced us to find new and innovative ways to deal with our daily tasks. Countless solutions have been introduced in the market to tackle the daily organizational activities. These solutions include intranet portal, project management solution, helpdesk solution, contract management etc. Among these solutions contract management has proved to be the most useful and handy for enterprise organizations in the remote work handling.

5 Things We Learned from Our Contracting Software Deployment Experience

At Dock 365, we always want our customers to be happy and get the outputs they wanted. For that, we do a lot of things right from the start. Even though contract management is one of the most critical departments in every business, people are not completely aware of what exactly they should consider or how to implement contract management systems to assure the best results. With our many years of experience in providing contracting software to businesses of all sizes and from various industries, we can tell you few things that can make your contract management software implementation perfectly set up.

How to Overcome the Challenges in Implementing a CLM During the Pandemic

Many things changed when the pandemic struck the world. Not even a single sector survived without at least a certain number of problems. Business sectors across the globe got affected badly. However, technology and superior digital innovations, helped the world to overcome those limitations and risks to a big extend. The digital transformation happened 4 to 8 times quicker in this period. Modern contract management tools gained better relevance and demand in this backdrop. As the pandemic situation does not seem to move any soon, businesses need to consider smart businesses for contract lifecycle management. In today’s blog, we are going to explain how to overcome the challenges of implementing a CLM during the pandemic.

5 Warning Signs Your Contract Management Software Is Hurting Your Business

Do you have a Contract Management system setup for your business? If yes, that is a smart move. Modern businesses need specialized solutions to handle critical processes like contract management and vendor management. However, the efficiency of these solutions is significant to ensure that you are getting the right support your business requires. As time goes, the demands and challenges your business face will also change. If your Contract Management system is not able to handle those changing needs and demands, it is time for you to look for another suitable option. In this blog, we are trying to make you aware of 5 warning signs that prove your CMS is hurting your business.

How Contract Management Software Can Fast Track Your Business

Contract management is one of the most crucial processes in an enterprise organization. Every year companies spend thousands of dollars trying to make the process more efficientBecause the process is so intricateone slip-up could set off a chain of other issues that would inevitably result in legal troubles. So, it is important that the contract lifecycle management is smoothly handled for enterprise companies.  

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