Reshaping the Way You Work

Dock 365 is committed to providing you with tools and information you can use to take your business to the next level. At Dock 365, we believe that success and knowledge go hand in hand. Our goal is to ensure that all companies have access to information they can use to be more efficient and effective. Make sure to follow and subscribe to our blog for insights into the latest business solutions, trends, and practices.

5 Reasons Businesses Transition to Digital Contract Management Systems

Digital contract management has become the norm for many businesses. In the vast majority of businesses today, implementing a digital contract management system is the key to solving several contract-related problems.

An Introduction to Digital Contract Management Software

With the correct software solution, you can conduct all of your contract management operations in a centralized location.

A Binding Procurement Process using Contract Management System

What is procurement? Procurement is the process of obtaining goods or services from an external source that are essential to the growth of your organization. Companies worldwide engage in the procurement process through a tendering or a bidding process. Procurement is often confused with common purchase; this confusion could arise due to an unfamiliarity in the domain.  Procurement is the process of sourcing and obtaining the goods and services required for the company to fulfill its business objectives through a series of negotiation and strategic decisions, purchasing is the process of buying goods and services.  An example of a procurement item is a quantity of sugar purchased by an ice cream manufacturer to add to the ingredients of the ice cream they sell.  An example of a purchase is when a consumer shops at a grocery store to buy a pint of ice cream to eat.  Procurement items are essentially ingredients to make other products or services to sell, in the middle of the item's life cycle.  Purchase items are essentially consumed or used in full, at the end of the item's life cycle.

Cloud Computing: How it Enhances Contract Management

Over the past years, enterprise business processes have been revolutionized by cloud computing technology. The very convenient means of accessing resources, be it data or computing power in the form of any software solutions, has made cloud computing very favorable for enterprise business operations. It effectively eliminated the need for having mainframe hardware readily available on-premises. Cloud computing technology is helpful especially for operations that are not based in a single location. Users are now able to collaborate and work effectively on projects even from remote locations. Companies can also operate without worrying about the risks of data security because cloud service providers like Microsoft and AWS have a very reliable infrastructure to manage (encrypt) data at REST and in transit.

A Basic Guide to Breach of Contract

Cornell University’s law department defines breach of contract as the violation of a contractual obligation.  One may breach a contract by repudiating a promise, failing to perform a promise, or interfering with another party’s performance.” 

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.

Don't Get Left Behind!
Subscribe to Dock 365 Blogs!
Stay up to date with the latest business tips and trends.