In this blog post, we’ll be pitting two of the biggest names in contract management against each other in a Concord vs Agiloft showdown of the titans – but we’ll also take a look at why Contract Hound, with its simpler user interface and streamlined feature set, might actually be a better choice… This comparison …
In most cases, once you sign a contract, you are legally obliged to fulfill what was stated in the agreement. However, there are exceptions that could lead to the contract being “void” or “voidable”. Knowing the difference and what makes a contract invalid will enable more effective contract reviews during the drafting stage and avoid …
No contract lifecycle is complete without compliance. In fact, according to global management consulting firm, McKinsey & Company, companies that fail to invest in a proper contract management system stand to lose up to 9% of their revenues annually. This is where successful compliance programs come into play, as they help mitigate these potential losses. …
Are you ready to ride the wave and convert to using cloud contract management systems? In 2024, 94% of enterprises are already using a cloud service (whether private or public). Plus, the cloud transition has also been further accelerated by the pandemic – so here’s our guide to the pros and cons of cloud contract …
Juro’s contract management software claims to offer flexible plans to suit all business sizes. But as experts in small business contract management ourselves, we had some questions – so we decided to get some answers about the various Juro pricing plans once and for all. As of May 2021, baseline pricing for Juro is charged …
Having a proper termination process within your company is just as important as hiring and onboarding – and notifying people is an important part of the termination process. So in this article, we’ll be sharing some tips and templates to guide you in drafting up professional contract termination letters. Contract termination is inevitable in every …
Unlike in large companies, small companies usually do not have a specific individual as a contract administrator – so who is responsible for contract management inside a small business of 10-100 employees? Most Commonly: The Finance Team This is the most common way of handling contract management in small companies. Typically the finance department is …
How efficient are your contract lifecycle management processes? According to Aberdeen Research, an average company takes about 20-30 days to create, negotiate and finalize a contract. If you are looking for ways to shorten your contract lifecycle, it is time to consider contract automation. Through automation, you can cut more than half of the time …
For contractors, freelancers, and small businesses, getting a wet signature on contracts and other legal documents can be a major time suck. We’re seeing a shift to digital and electronic signatures – which means we can do business faster than ever. However, the transition from physical to digital means we must be able to accept …
According to a recent study from Canada, small businesses with more than ten employees spend two hours a week searching for documents. The cost? $5,760 every year. Most small businesses eventually reach a point where they need to start thinking about better document management. But document management is just as important to a small business …