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Modern contract management blog

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Lilian
Annie Brown
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Latest from Parley Pro

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How the public views your business is a determining factor of your success. You want others to see your business as reliable, professional, and trustworthy. Contract management tools help you boost your business reputation in various ways, and it would be unwise not to use them to strengthen your company’s prestige. What does it mean to boost your business reputation with a contract management platform? Your business reputation is how the public perceives your company…
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Contracting workflows need flexibility in order to scale and to allow your organization to adapt to changing circumstances. Before we can talk about why flexibility is so important in your contract workflows, we first need to get specific about the nature of workflows. A workflow is a process that consists of one or more activities. Typically, everyone follows the same steps to complete the workflow. People may make decisions that alter or affect the workflow’s course.…
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You can make your contract management process flawless by following some key points when entering agreements. An efficient end-to-end management process should implement automation and follow a flow from creation to closure. If you take the time to perfect your process, you can benefit by minimizing mistakes, shorting life cycles, boosting profits, and strengthening relationships. What difficulties do people face when using a manual contract management process? People run into trouble when they attempt to…
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Tracking contract obligation is one of the most critical components of the agreement management process. Properly managing your responsibilities ensures that errors are minimized and commitments are followed through. Using contract tracking software will help to reduce errors and avoid poor tracking of contractual obligations, meaning you won’t mistakenly breach an agreement and saves valuable time and money. Important Aspects of Contract Management and the Tracking Process For a legal agreement to be complacent,…
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Smart contract management software will help your business improve its agreement processes. However, some solutions are not as efficient or easy to use as others. To ensure that your contract lifecycle management software is effective, one can use seven key KPIs to evaluate its performance. 7 KPIs to evaluate a CLM software effectiveness: Team Evaluation of how effective the contract lifecycle management software is One of the simplest ways to evaluate CLM software’s effectiveness is…
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Commercial contracts include many aspects that can be difficult to understand. However, there are ten key clauses that you should be aware of when forming an agreement.  Clauses are necessary to protect your company when entering an arrangement, but they are often confusing. Understanding all the aspects of a commercial contract is usually a daunting task; that’s why it is advisable to be aware of at least ten key clauses. What is a commercial contract?…
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Smart contract tools are an investment that will pay for themselves over time. The best contract management systems help companies reduce costly errors made in agreements. The Profitability of an Electronic Contract Management System Investing in a smart contract management system is essential for businesses that close multiple deals a day. Many mistakes can occur when companies attempt to manage their agreements manually. Using modern technology can help you boost cost savings by reducing errors,…
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Negotiating contracts when you’re not with the counterparty turns into a game of phone tag, ending in miscommunication. A lack of real-time collaboration when negotiating a contract leads to wasted time and contract mistakes. Collaboration is crucial when negotiating contracts; however, it’s difficult to establish when both parties lead busy lives. Real-time collaboration apps and software help to resolve this issue when negotiating a contract. What Is Real-Time Collaboration In Online Contract Work? Real-time collaboration…
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It may seem like a simple action. Yet, integrating Salesforce and Parley Pro delivers powerful results, allowing you to connect and illuminate all your sales contracting processes. The integration of these two modern tools brings about long-desired results for those who are familiar with traditional sales contracting headaches such as: Your sales reps create and edit contracts using Word and email. They e-sign the contracts using a separate app.  They struggle to piece together the…
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Contract management software is a vital tool for professionals as businesses continue to integrate technology into their practices. It simplifies the tedious process of contract creation by allowing its users to create, edit, store, and share contracts in one place. To provide the highest usability and efficiency, contract management software should include Docusign Integration, Google Drive, SalesForce, or Okta. What can Contract Management Software Ensure? Contract management software ensures that businesses can efficiently manage contracts…