Articles and Insights

Agreements and contracts are often used interchangeably in business conversations. But legally speaking, they are not always the same thing. An agreement is a broad term describing any understanding...

Ready to upgrade your Contract Management Software, but struggling to get budget buy-in? Getting approval for contract management tools is about to get a whole lot easier. Why Watch the Webinar You...

The legal industry is steeped in tradition, with law firms and courtrooms boasting centuries-old practices. But that doesn't mean it isn't open to disruption. New AI tools are popping up everywhere,...

It’s official. ContractSafe is the easiest contract management software to work with and the most likely to be recommended. But don’t take our word for it! The new G2 reports are here and...

Did you know there's a treasure trove of useful contract data hiding right in plain sight? It's data that can unlock new avenues for growth, streamline operations, and even give you a competitive...

Artificial intelligence (AI) has taken the world by storm, and legal teams are racing to jump on board. It’s a technology that promises a complete overhaul of how the world works, from automating...

In the bustling aisles of the retail world, every agreement — from supplier deals to your inventory management SaaS contract — has an impact on your business. And effective contract management is...

By adopting a strategic approach to contract audits, businesses can unlock a wealth of insights that streamline contract management processes, cut costs, and foster stronger partnerships. The word...

Share Your Love for ContractSafe and Get Rewarded Referral programs are a great tool to help B2B buyers find the right software for their organization. It gives buyers a trusted resource to ask...

Scaling contract management processes means your contract approach works as volume and complexity grow — without manual bottlenecks or risk. It depends on centralized visibility, clear ownership,...

There are a lot of contract management solutions out there. And their differences aren’t always clear. However, ContractSafe stands out as a top choice for its ease of use and affordability. How do...

Small business owners know all too well how precious time is. Effective contract management is crucial for staying ahead of your obligations, building better relationships, and optimizing your...

When it comes to contracts, in-house counsel has seen it all, from the "simple" contracts that turn into epic novels to the urgent deals that needed to be signed yesterday. You're the unsung hero in...

In today's complex business landscape, contract collaboration plays a vital role in ensuring smooth operations and successful outcomes for organizations. But it’s a part of the contracting process...

The terms "contract administration" and "contract management" get thrown around interchangeably all the time. And honestly, you can't blame people. They sound like the same thing. But they're not....

Is your contract management system more like a “shared drive of chaos?” Everyone who needs it has access, and most things are in there somewhere (except for the ones that Susan from Sales saved to...

Getting started with a new CLM? Watch this webinar to prepare your processes for new technology, learn what to look for in a CLM and learn how to set yourself up for success when implementing a new...

Thinking about contract lifecycle management software but not sure if your organization is actually ready for it? CLM readiness isn’t about buying the right tool — it’s about understanding your...

75% of legal teams are looking for ways to use Artificial Intelligence (AI) to improve their everyday work. Companies across the legal tech space are rushing to get big splashy AI tools on their list...

Contract change management is a bit like renovating a house. You start with a signed agreement that made sense at the time. But businesses evolve, markets shift, regulations change, and suddenly the...

Just as we've swapped briefcases for cloud storage and boardroom meetings for virtual chats, it's high time contract management got its modern-day makeover. Imagine if each contract, regardless of...

For small businesses, every decision carries weight, especially when it comes to managing contracts. These vital documents capture the essence of partnerships, agreements, and collaborations. But...

Struggling to adopt legal tech? You’re in good company. ILTA reports that more than half of legal teams hit roadblocks—usually around training, workflows, or just getting people to embrace something...

Contract management is a critical backbone for energy companies. It supports the vast ecosystem spanning the production, distribution, and consumption of diverse energy sources like oil, gas, coal,...

Behind every cause, volunteer army, and impactful mission, there’s a mountain of paperwork that never stops growing. For every generous donation, there's an agreement; for every volunteer's...

Contracts bind, guide, and set the pace for every transaction, partnership, and agreement in the business world. But as the landscape evolves, so does the art and science of effective contract...

Contracts rarely slow down a business all at once. It usually starts with small frictions: a deal waiting on the wrong approver, a contract stuck in someone’s inbox, or a renewal deadline hiding in a...

In the ever-growing realm of contract management software, there's no shortage of options. We recognize that finding the right tool is essential yet overwhelming. Every vendor claims to offer...

Welcome to the world of SaaS contracts, where technology meets law in a thrilling saga of codes, clauses, and cloud-based solutions. These aren't your grandpa's paper contracts neatly filed in a...

It’s official. ContractSafe is the easiest contract management solution to work with and the most likely to be recommended. But don’t take our word for it! The new G2 fall reports are here and...

Contract negotiation might not be as glamorous as the high-stakes games played out on the silver screen, but its importance cannot be overstated. It's an intricate dance of discussion and compromise...

If you're still relying on on-premise software and in-house resources to manage your contracts, it's time to consider an upgrade. Post-COVID, remote work and digital collaboration have become the new...

Think about the last time you moved apartments. You had the lease, the utilities transfer, renter's insurance, maybe a storage unit contract. Four or five agreements, and it was already a headache...

Three words no legal team wants to hear: breach of contract. It’s an event that creates challenges and frustration for everyone involved. It’s what happens when someone doesn’t live up to their end...

Love ‘em or hate ‘em, managed care contracts aren’t going anywhere anytime soon. They’re the glue that holds the healthcare ecosystem together, but dealing with them can feel a little like removing...

Much like the recent rise of the gig economy, generative AI, and air fryers, we’re in a watershed moment in privacy compliance. Lots of states have enforced new data privacy regulations in 2023....

Procurement managers juggle competing priorities: cost savings for the CFO, business continuity for the COO, and vendor relationships that keep the whole organization running. Vendor contract...

It’s official. ContractSafe is the easiest contract management solution to work with. But don’t take our word for it! The new G2 summer reports are here and ContractSafe came away with some big wins....

Even the smallest leak could turn a fun day on the water into an unexpected scuba diving session if you’re not prepared. And contract management is no different. Knowing the value of your contracts,...

Contract risks rarely show up with a big flashing warning sign. Things look fine, the agreement is signed, and everyone moves on. Then six months later, a missed renewal, a vague clause, or a...

Ever accidentally put salt in your coffee? Maybe you were a little too drowsy to notice, or you were at a restaurant that got a little too creative with their salt and sugar containers. Either way,...

You know that moment when you hire someone to do a job, shake hands on it, and then three months later nobody can agree on what "the job" actually was? That’s what happens without a service...

Contract compliance might just be corporate America’s least favorite dance. It’s a complicated affair involving multiple parties, with steps that change on the fly. And missing a step can result in a...

You’ve probably heard of ChatGPT... It’s an AI language model that can answer questions, create blog posts, and even write code. And now, it’s taking over contract management…kind of. AI in contract...

Managing contracts rarely fails because teams don’t care. It fails because no one designed the process. Agreements are created, reviewed, signed, and stored, but the connective tissue between those...

Manually digging through pages and pages of contracts is exhausting. Now imagine doing that across dozens—or even hundreds of agreements. It’s easy to miss key details, and nearly impossible to keep...

HIPAA. Just saying it will send chills down the spines of healthcare legal teams across the United States. If this is your first run-in with it, though, it stands for the Health Insurance Portability...

Remember the Fyre Festival? Luxury music festival, Instagram influencers, Bahamas beach vibes. What could go wrong? Everything, it turns out. And at the root of that spectacular dumpster fire was a...

Ever heard the phrase “as busy as a cat on a hot tin roof?” Well, that's the life of procurement professionals. They're experts at multitasking. They're natural negotiators. They're contract...

A master service agreement (MSA) is a little like that go-to board game you bring out when old friends come around for game night. It’s always there for you. You know what to expect. And it gives you...

Remember when stationery was a status symbol? Pulling out a $200 fountain pen to sign a contract was a power move. Today, that ritual has largely disappeared. Electronic signatures, or e-signatures,...

We've got some big news to kick off the new year. We are thrilled to announce that ContractSafe has received a $27.5mm strategic growth investment from Five Elms Capital. This is our company's first...

Remember the Suez Canal fiasco? It was a little bit human error, a little bit poor planning, and it caused a really big supply chain disaster. In fact, it left 12% of global trade stuck in limbo...

We know — contract management is kind of like weeding your garden. It may be tedious while you’re at it, but having a clean yard is well worth the work. Contract lifecycle management (CLM) is a...

Behind every great hospital, there’s a team of administrative wizards quietly keeping the whole operation from tipping over. They’re not the stars of the show — but let’s be honest, nothing moves...

When you’re charged with making data-driven decisions regarding whether or not your company is earning a return on investment (ROI) from your current contract management process, it’s critical to...

It shouldn’t be easier to find the answer to ‘Who is the smartest person in the world?’ than it is to find a certain piece of data in a contract. Unfortunately, for many tasked with managing an...

Contract management reports provide data for analyzing everything from compliance, budgets, and finances — to project bids, vendor relationships, and contract task management. To make the most out of...

Introduction On average, companies lose 9% of their revenue due to poor contract management. It’s true. According to International Association for Contract & Commercial Management (IACCM) research,...

Contract Lifecycle Management Challenges and Solutions Do you love motivational quotes and posters featuring adorable kittens “hanging in there”? Then you might appreciate this little gem: You can’t...

You already know how important it is to keep on top of contracts. As a healthcare facility, getting contracts properly signed and implemented is essential to staying in business. Perhaps even more...

Just like balancing the books, the developing, signing, and ongoing management of contracts are important parts of running your business. Even more important and often overlooked? Keeping those...

Every hospital has a pharmacy. And in that pharmacy, every medication is tracked — dose by dose, interaction by interaction, expiration date by expiration date. Miss one refill and a patient's...

What do an annual checkup and contract management in healthcare have in common? No one wants to do either, but both have to get done. You see, some industries can get away with lax processes around...

Your business needs contract management software. The only problem? Not everyone sees the same writing on the wall as you do. The solution? Building a business case stronger than the loudest...

Most contract problems don’t start with bad intentions. They start with fragmented processes, unclear ownership, and systems that were never designed to scale as contract volume grows. The result is...

Every contract management software in the market is unique in its own way and so is each software’s search. If speed, ease of use, and accuracy are all important qualities you’d like from contract...

If your business is planning an overhaul of its contract management lifecycle, then you know finding the right solution is only half the battle. The second half is actually implementing the software....

Contract management software has the potential to save companies hundreds of thousands of dollars by improving the operational efficiency of the contract lifecycle, but those savings will hardly...

Contract management is like flossing … you know you should be doing it more often and probably be doing a better job. But … there always seems to be other things that get in the way. Your dentist may...

Like many technical terms, optical character recognition – or OCR – actually describes a fairly straightforward concept. It’s important to understand what it means for contract management because...

Over the past six years, we have heard a lot from our customers about their ContractSafe contract management software wish list. You spoke … we answered. We are excited to announce that we have...

From mom-and-pop shops to Fortune 500 corporations, companies of all sizes rely on contracts to protect themselves and govern every aspect of day-to-day business. Customer deliverables, vendor...

It doesn't matter if you're a large corporation or a sole-prop, contracts serve as the foundation of your business. If your company manages more than a dozen or so contracts per year and is still...

We are very proud to announce that CIO Review named ContractSafe as one of the Most Promising Enterprise Contract Management Solution Providers for 2020. The full profile highlights how ContractSafe...

Small contract problems rarely look dangerous at first. A missed renewal here. A document that takes “just a few minutes” too long to find. A contract that no one quite owns anymore. On their own,...

Summer is here! And with it, some great new ContractSafe features . Keep reading for more information about SubFolders, an improved Dashboard, User reports, and more. Let's dig in! SubFolders For...

Rapidly evolving technology continues to revolutionize the way business is conducted as automation and artificial intelligence pave the way for greater operational efficiency. Companies that fail to...

Contracts don’t usually fail because of bad drafting. They fail because no one knows what happens next. As organizations grow, contracts start living everywhere—email threads, shared drives,...

Over the last several years, companies have started to pay closer attention to internal contract management and the impact it has on growth and revenue. In an effort to reduce contract lead times,...

Originally, contracts were chiseled into clay tablets. For a long period, only the most important of contracts were written down. But the days of fewer contracts, handshake deals and IOUs are long...

Contract management is an important part of the procurement process that involves the creation, negotiation, and storage of all legal documents that govern a company’s purchase and delivery of goods...

The contract management process is the set of steps organizations use to create, review, approve, store, manage, and renew contracts. A well-defined process helps teams reduce risk, avoid missed...

Due to the sheer volume of vendor contracts and intellectual property that colleges and universities manage on a daily basis, they have developed a reputation for being risk-averse and slow-moving...

The contract lifecycle at any company can be a laborious process, but the hospitality industry presents its own unique operational and logistical challenges that can make contract management...

How often do you receive an NDA that's a PDF, but you need to redline? Or search for an old contract that you want to use as a template, only to find the only version you have is the final scanned...

Fun news...ContractSafe was included in the list of the Top 20 Contract Management Blogs. We know what some of your are thinking. There are really more than 20 blogs focused on contract management?...

One of the frustrations that we hear frequently is that it can be challenging to get approval for a Contract Management System since the company views it as a cost center, and most new systems go...

DocuSign just conducted an interesting study. It seems that more than two thirds of companies still do not have a contract management tool in place. The general theme seemed to be that companies are...

At ContractSafe we love contracts. We know...it's kind of weird. But it's what we do! Another thing we love is Sterling Miller's blog. He takes complicated areas of the law and simplifies it into Top...

We often post content here that can be helpful to our customers (or others) and this article on the Andreessen Horowitz website was well written and addresses a lot of concerns that we deal with in...

We've put a fresh coat of paint on the house! And patched some windows and doors while we were at it. You'll notice our new look on each page of the site, once you're logged in. We've improved the...

We just released a new feature that will save you a lot of time. Advanced Search is here. Also, bulk edits have been updated so that you can bulk edit any field in ContractSafe. Add in some improved...

In an increasingly technological world, IT managers play a vital role in the success of any company. And certainly, the more that IT managers understand the roles of other departments in the...

Let’s face it – life and business are both all about relationships, and most of those relationships require hard work and negotiation. At home, we seek common ground with partners, parents, friends,...

Contract managers come from all walks of life. Some are attorneys, some have paralegal training, and some have worked in legal departments. These employees may already have a firm grasp of legal...

Top executives and managers have long realized the importance of hiring the right person for a particular job. Recognizing this fact, author and business consultant Jim Collins once said, “Great...

We know that business managers and professionals across all industries face incredible time management challenges. On some days, it feels like two new fires erupt for every old fire we put out. Plus,...

Americans have long been fascinated by automation and the concept of artificial intelligence. In that vein, science fiction books and movies have long captured the attentions and imaginations of...

Maximizing resources is an overarching principle in business management. Managers get excited, and justifiably so, when they can add a little revenue here and cut an expense or two there. Implicit in...