The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and...

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the...

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds all the other steps together. It emphasizes the importance of continuous communication, collaboration, and commitment from...

Enhance – Refine Best Practices

Excellence is not a destination but an ongoing journey. The Enhance phase of the 7E Model focuses on Continuous Improvement. This phase ensures that your best practices evolve over time, adapting to new challenges...

Evaluate – Measuring progress and identify areas for improvement

After executing your plan, the next step in the 7E Model for Excellence is to Evaluate the results. Evaluation is a critical phase that allows you to measure success, understand what worked, and identify areas for...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for Excellence is to Execute your plan. Execution is where all the groundwork laid in the previous steps comes to fruition. This...

Establish – Setting Clear Standards

After envisioning your future and exploring the landscape, the next critical step in the 7E Model for Excellence is to Establish your best practices by setting clear, understandable standards. Establishing these...

Game theory as a game changer in contractmanagement?

You do not always need to invent the wheel. In this article I will try to get a link between a sound mathematical theory and the world of contractmanagement, AI and CLM. As always, feel free to comment. What is...

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration,...

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger,...

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds...

Enhance – Refine Best Practices

Excellence is not a destination but an ongoing journey. The Enhance phase of the 7E Model...

Evaluate – Measuring progress and identify areas for improvement

After executing your plan, the next step in the 7E Model for Excellence is to Evaluate the...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for...

Establish – Setting Clear Standards

After envisioning your future and exploring the landscape, the next critical step in the 7E Model for Excellence is to Establish your best practices by setting clear, understandable standards. Establishing these...

Game theory as a game changer in contractmanagement?

You do not always need to invent the wheel. In this article I will try to get a link between a sound mathematical theory and the world of contractmanagement, AI and CLM. As always, feel free to comment. What is...

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Featured contract management news

Featured contract management news

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration,...

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger,...

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds...

Enhance – Refine Best Practices

Excellence is not a destination but an ongoing journey. The Enhance phase of the 7E Model...

Evaluate – Measuring progress and identify areas for improvement

After executing your plan, the next step in the 7E Model for Excellence is to Evaluate the...

Execute – Bringing Plans to Life

With a clear vision, goals, and standards in place, the next step in the 7E Model for...

Why CFOs should not put cost targets at procurement

The role of a Chief Financial Officer (CFO) is crucial in managing the financial aspects of a company. When setting cost targets, it is important for CFOs to consider the overall impact on the company's...

Understanding the blind spots in contract drafting

In the realm of contract drafting, it's crucial to acknowledge the blind spots that can inadvertently lead to legal headaches. Here's a refined look at some common pitfalls: Ambiguity Precision matters. Ambiguous...

Revise Contracts Now: New State Data Privacy Laws

A contract establishes an organization’s obligations and rights, serving as the framework for every business relationship. But as additional states continue to debate, approve and then roll out data privacy laws,...

Companies turn to AI contract tools to reduce external risks

Dive Brief: Nearly half of companies (48%) say their enterprise risk is rising, with a growing reliance on third-party relationships contributing to much of that higher risk, according to Forrester Research data...

Pillar 4 part 2: contract management scenarios

My previous blog offered more information on the CATS CM® contract management process. This process has been subdivided into six steps and is part of the methodology’s fourth pillar. However, not every contract...

The rise of smart contracts and strategies for mitigating cyber and legal risks

Imagine a world where contracts are executed seamlessly without human intervention, reducing costs and enhancing efficiency across industries – from finance to real estate. This is the promise of smart contracts,...

Contracts Operate: We should think of Sisyphus as innovating

Traditional outsourcing can be like pushing a boulder up a hill, but can't we do better? For those of you who may not remember your high school literature assignments as much, Sisyphus was a king who for various...

How AI can deliver value to your contract management process

As contracts are at the core of any business opportunities, as an in-house lawyer you need to contribute driving agreements that enhance profitability, while fostering trust and mitigating risks. On the other...

5 focus areas to improve contracting

Whether you implement contract lifecycle management software or take your existing process to the next level, the rigor of your legwork will impact the ROI you extract from your contracts. Sailaja Meesaraganda is...

CLM Platform Fee Misalignment

An overindulgence in contract lifecycle management platform fees: a call for alignment and efficiency In the rapidly evolving landscape of Contract Lifecycle Management (CLM), an in-depth examination of...

Interesting topics in all categories

Interesting topics in all categories

General Knowledge

Engage – Fostering Collaboration and Commitment

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds all the other steps together. It emphasizes the importance of continuous communication, collaboration, and commitment from all stakeholders. Without engagement, even the best-laid plans can falter. This step is about fostering a culture of collaboration, ensuring that everyone is aligned and working together toward the common goal of excellence.The...

Engage – Fostering Collaboration and Commitment

Engage – Fostering Collaboration and Commitment

The final step in the 7E Model for Excellence is Engage. Engagement is the glue that holds all the other steps together. It emphasizes the importance of continuous communication, collaboration, and commitment from...

Contract & Commercial Management

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the reality for smaller orgs.Even so, procurement teams are notoriously under-equipped and often rely on error-prone procedures like tracking contract data in Excel spreadsheets. But, in this thread lies the answer – the best teams...

AI & Tech

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

The ultimate guide to software licensing management: avoid revenue loss & ensure compliance

Effective contract management is a challenge for virtually all organisations. Whilst larger, more mature enterprises tend to have dedicated procurement teams to handle performance of contracts, this is not the reality for smaller orgs.Even so, procurement teams are notoriously under-equipped and often rely on error-prone procedures like tracking contract data in Excel spreadsheets. But, in this thread lies the answer – the best teams...

Supply Chain

The most common supply chain risk-management failures

The most common supply chain risk-management failures

Regulators around the world are sending a consistent message to companies that operate or source internationally, which is that they must take ownership of their supply chains. In addition, multinational companies face increasing pressure from stakeholders, including investors, customers, and regulators, to align their operations with Environmental, Social, and Governance (ESG) principles, especially in the areas of forced labor, human...

The most common supply chain risk-management failures

The most common supply chain risk-management failures

Regulators around the world are sending a consistent message to companies that operate or source internationally, which is that they must take ownership of their supply chains. In addition, multinational companies...

Risk, Legal & Compliance

From Agreement to Action: How Due Diligence Shapes Your Contracts

From Agreement to Action: How Due Diligence Shapes Your Contracts

When it comes to legal contract management, due diligence isn’t just a box-ticking exercise—it’s a crucial requirement of smooth contract execution. But what exactly does "due diligence" mean for contract managers and how does it move an agreement from paper to practice? At its core, due diligence is the investigative work that lays the groundwork for informed decisions in contract management, helping contract managers assess risks,...

Finance

How ALM and CLM are reshaping finance

How ALM and CLM are reshaping finance

Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency!​ 1. Cost Control Mastered Say hello to Budget Bliss! Centralize contracts for enhanced expense visibility, empowering you to manage budgets with precision.​ 2. Auditing Made Easy No more headaches! With all contract and asset data neatly organized, auditing becomes a breeze, delivering...

How ALM and CLM are reshaping finance

How ALM and CLM are reshaping finance

Tired of the spreadsheet shuffle, the approval chase, and the expense reconciliation saga? Say goodbye to the old ways and embrace a new era of efficiency!​ 1. Cost Control Mastered Say hello to Budget Bliss!...

Sales

Ensuring future value: the critical role of contract management in sales

Ensuring future value: the critical role of contract management in sales

In a sales process, contract management plays a vital role in safeguarding future value by balancing the excitement of making a deal versus the realism of harvesting the value in the future. Here's how it ensures the long-term success and sustainability of the business: Effective contract management ensures that agreements are clear, precise, and aligned with the interests of all parties involved. By defining the rights, obligations, and...

Procurement

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

The Evolution of Contracts: From Ancient Agreements to Modern Complexities

Contracts are fundamental to human civilization, enabling structured collaboration, accountability, and progress. Their development over millennia reflects the evolving complexity of societies, economies, and technologies. This article delves into the origins and historical trajectory of contracts, revealing their enduring significance and the pivotal role they play in modern global ecosystems.The Origins: Writing as a Tool for Agreements...