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...

Your contracts are valuable: don’t miss out on good contract management

Contract management, or contract lifecycle management, is an activity still neglected by companies... ... but not for long, as its strategic value is becoming increasingly apparent. Indeed, the practice of...

AI and Automation in Contract Management – Why Your Business Needs It Now

Contract Lifecycle Management (CLM) is about more than just storing contracts; it’s a key driver of business efficiency. Integrating AI and automation into CLM can completely revolutionize how contracts are...

Data Protection Provisions in Contracts: Why They Matter and What to Include

In today’s digital landscape, data has become one of the most valuable assets for businesses. However, with great value comes great responsibility. Ensuring robust data protection measures in contracts is no...

The Importance of Contract Management Software

Today’s corporate environment demands that legal teams deliver value-driven, transparent, and cost-effective legal services. This compels legal departments to seek ways to improve their processes, often through...

ESG in 2025: Supplier Collaboration Strategies for Success

Procurement sits at the forefront of an organization’s social and sustainability efforts. This is because organizations are now judged not only on their internal practices, but also on their ability to enforce ESG...

The Ultimate Guide to Contract Lifecycle Management (CLM)

In today's business environment, efficient contract management is no longer a luxury—it's a necessity. As organizations grapple with increasing regulatory pressures, complex business relationships, and the need...

The Four Hidden Risks of a Fragmented CLM Deployment

Contract Lifecycle Management (CLM) solutions have emerged as an essential tool for managing contracts, reducing legal risks, and improving overall compliance. As organizations rush to implement CLM systems, many...

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...

Your contracts are valuable: don’t miss out on good contract management

Contract management, or contract lifecycle management, is an activity still neglected by...

AI and Automation in Contract Management – Why Your Business Needs It Now

Contract Lifecycle Management (CLM) is about more than just storing contracts; it’s a key...

Data Protection Provisions in Contracts: Why They Matter and What to Include

In today’s digital landscape, data has become one of the most valuable assets for businesses....

The Importance of Contract Management Software

Today’s corporate environment demands that legal teams deliver value-driven, transparent, and...

ESG in 2025: Supplier Collaboration Strategies for Success

Procurement sits at the forefront of an organization’s social and sustainability efforts....

The Ultimate Guide to Contract Lifecycle Management (CLM)

In today's business environment, efficient contract management is no longer a luxury—it's a necessity. As organizations grapple with increasing regulatory pressures, complex business relationships, and the need...

The Four Hidden Risks of a Fragmented CLM Deployment

Contract Lifecycle Management (CLM) solutions have emerged as an essential tool for managing contracts, reducing legal risks, and improving overall compliance. As organizations rush to implement CLM systems, many...

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Featured contract management news

Featured contract management news

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...

Your contracts are valuable: don’t miss out on good contract management

Contract management, or contract lifecycle management, is an activity still neglected by...

Data Protection Provisions in Contracts: Why They Matter and What to Include

In today’s digital landscape, data has become one of the most valuable assets for businesses....

The Importance of Contract Management Software

Today’s corporate environment demands that legal teams deliver value-driven, transparent, and...

The Ultimate Guide to Contract Lifecycle Management (CLM)

In today's business environment, efficient contract management is no longer a luxury—it's a...

The Four Hidden Risks of a Fragmented CLM Deployment

Contract Lifecycle Management (CLM) solutions have emerged as an essential tool for managing...

Can AI write legal contracts?

Legal contracts are essential for businesses because they document expectations and specific conditions for a business arrangement. However, managing the contract lifecycle can become overly time-consuming because...

The effect of AI on contract management processes

Introduction AI is revolutionizing business operations, and contract management is no exception. Contracts, being the backbone of business relationships, require precision and consistency, often demanding...

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...

Contract management for small businesses 101

When running a business, you must handle various types of contracts and agreements between customers, suppliers, and employees daily. Although it might sound ambitious at first, deploying an effective process can...

How blockchain can help manage complex supply chain contracts

As the landscape of supply chain management evolves, businesses continue to face significant hurdles when implementing agreements. Traditionally, legal, procurement, supply chain and finance departments have...

5 dangers of not sending default notices in a contractual relationship

To fully explain the dangers of not sending default notices in a contractual relationship, it is essential to understand the significance of default notices in terms of contracts. Here is my top 5. Loss of Legal...

5 tips for good contract management strategies

Effective contract management strategies can cut costs, reduce risk and ensure everyone involved has the information needed to make positive decisions. And yet, many business owners tend to overlook or undervalue...

Contract Management: Bridging Buying-Selling Risks

#contractmanagement is not #sales and it is not #procurement. It is part of both. When it comes to buy and sell risks, organizations need to consider them from a single perspective in order to effectively manage...

Effective supplier relationship management is crucial

Effective supplier relationship management is crucial for ensuring the smooth functioning of any business that relies on suppliers for its inputs.The key factors for successful supplier relationship management are...

How AI reduces legal risks and enhances efficiency in contract management

Contracts are the foundation of every business relationship. From vendors, suppliers, job applicants, and customers, the contracts that power these relationships contain rules of engagement, rights and...

Interesting topics in all categories

Interesting topics in all categories

General Knowledge

Leveraging Tracey and Wiersma’s framework in ecosystem management

Leveraging Tracey and Wiersma’s framework in ecosystem management

In the realm of strategic management, Tracey and Wiersma's framework offers invaluable insights into how businesses can effectively manage their ecosystems. This approach emphasizes the importance of aligning business strategies with operational practices to enhance overall performance and sustainability. However, it's not just about adhering to these strategies; certain elements require more or additional attention beyond the standard...

Contract & Commercial Management

Your contracts are valuable: don’t miss out on good contract management

Your contracts are valuable: don’t miss out on good contract management

Contract management, or contract lifecycle management, is an activity still neglected by companies... ... but not for long, as its strategic value is becoming increasingly apparent. Indeed, the practice of contract management promises numerous benefits: saving time and money, protecting against financial and legal risks, etc. But what exactly is good contract document management? What actions does it entail? And what is the role of the...

AI & Tech

AI and Automation in Contract Management – Why Your Business Needs It Now

AI and Automation in Contract Management – Why Your Business Needs It Now

Contract Lifecycle Management (CLM) is about more than just storing contracts; it’s a key driver of business efficiency. Integrating AI and automation into CLM can completely revolutionize how contracts are drafted, reviewed, signed, and managed. In today’s legal landscape, AI-powered CLM tools enable companies to streamline workflows, reduce human error, and deliver deeper insights into business operations. Legal departments can focus...

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 crucial role of contract management in public sector procurement

The crucial role of contract management in public sector procurement

The public sector is very complex and the demand ranging from fair, economically viable, fitting into the ecosystem, driving innovation, being compliant and many more has forced contract management to emerge as a pivotal element. This is especially true when public entities serve as the sole, or almost sole, purchasers of specific services or wield substantial influence due to their size. This is particularly relevant in vital sectors such...