Articles and Insights

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 can feel like chasing a pack of hyperactive puppies. Just as you put one document where it belongs, another one is scurrying off somewhere else. But don’t worry — herding these...

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...

If we learned anything from the Taylor Swift vs. Scooter Braun fiasco, it’s that a business contract can really make or break you. Business contracts provide the legal framework for the exchange of...

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. But many executives today are retiring their Montblancs and opting for something a...

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 keeping the whole ship afloat. Back-office teams may not be the stars of the show, but they’re definitely the ones running it....

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...

As an in-house general counsel, you have a lot to keep tabs on — from new and changing laws (and how best to navigate those laws) to contract renewal opportunities. In this article, we’ll cover how...

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...

Death and taxes are certainties in life. Regulatory compliance and paperwork are certainties in healthcare. Keeping it all organized so your healthcare facility is always audit-ready? Now that’s a...

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...

So you’re the lucky person who gets to figure out how to “get contracts under control.” A task that is seemingly straightforward, but in reality, is quite complex. Until this point, the “process” for...

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...

Good contract management practices are imperative to a business's long term growth. Small process inefficiencies may not seem like a big deal on the surface, but when bad practices and manual tasks...

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...

Regardless of the industry, contract management is an essential component of business operations. Contracts serve as the backbone of day-to-day business functions and are an important tool for...

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...

Tracking changes, also known as redlining, refers to the contract lifecycle stage where legal teams and other contributors take turns reviewing, marking, striking, or commenting on the proposed terms...

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...

In many ways, contracts are the backbone of business operations. customer service, vendor deliverables, employee obligations, and real estate terms are just a handful of the many critical business...

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...

Our mission is to make it easy to manage your contracts with a solution that's easy to implement, use and afford! We get fantastic reviews from our customers for being easy to use, and for having...

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...

Easier Filters Easier Column Changes Easier Deleting Easier Edits We've got some great St. Patrick's Day presents for you! Lots of new features, all designed to make your life easier. Let's take a...

The construction industry arguably goes hand-in-hand with human civilization itself. In fact, anthropologists, scholars, and other scientists often study our ancient construction to better understand...

Risk management professionals, in the broadest sense, must concern themselves with anything that can potentially create liability for the company or harm the company’s assets. In addition, managers...

The management of risk is so important in business that “risk management” has become a well-respected profession, with dozens of universities producing graduates with business degrees in the field....

Risk management is a common theme in business, reflecting the importance of protecting the enterprise’s assets. Managing risk takes many shapes, from the purchase of insurance to the use of...

Optical Character Recognition (OCR) is a technological innovation with important business applications. In essence, the technology allows a software program to analyze text and convert it into a...

Most people have a favorite book or movie, made up of a series of chapters or scenes. Standing alone, these scenes or chapters are important but may be confusing when viewed in isolation. But if...

From its founding, ContractSafe knew it wanted to leverage AWS, as it's the most stable and user-friendly cloud platform. For the first year and half of its AWS deployment, ContractSafe’s internal...

Questioning (unquestionably) plays a big role in society. Socrates believed that questions, not answers, drive thinking, and law students have paid the price ever since! The scientific method is...

Contract management systems depend on precise, efficient systems for organizing and retrieving contracts. This often translates to a system for metadata management. But what is metadata - and what...

“Dispute resolution,” as a broadly defined term, has existed for centuries. On a macro level, early humans once relied on brute force. As mankind evolved, countries (or kingdoms) used emissaries,...

The arrival of the new year is an exciting time pretty much around the world. In America, many eat special foods for luck, drink champagne, and party late into the night. In Denmark, people collect...

We’ve all grown up hearing the idiom, “A picture is worth a thousand words.” But can you always convey everything you need to with a single photograph or drawing? Of course not. Pictures are great...

From the time we wake up in the morning until the time we go to bed at night, we exist in a world of contracts. We can turn on the lights and catch up with the morning news on television thanks to...

The business world is in a constant state of evolution. Certainly, many changes, such as high-tech machinery, precision manufacturing, and automated contract management software - just to name a few...

Bold predictions for the future have long captured American imaginations, and there’s no shortage of people willing to share their opinions, especially at this time of year. Serious prognostications...

Most would agree that we live in a world full of conflict. As always, politics, religion, economic policy, and even armed disputes can pit one nation against another. Within our own country, we’re...

Have you ever blindly accepted your take-out order at a restaurant, only to later be disappointed at home? Perhaps you ordered a sandwich and onion rings (because you’ve been craving rings for a...

Independent Audit Verifies ContractSafe’s Internal Controls and Processes ContractSafe today announced that it has completed its SOC 2 Type I audit. This attestation provides evidence that...

Everyone absolutely loves the end of the year, right? After all, holiday songs play non-stop on the radio. With our non-existent free time, we sprint through stores and stand in line to purchase...

Would you consider yourself a trendsetter, always wearing the latest fashions or the newest hair styles? Or perhaps an innovator or early adopter, always surfing at the front end of the technology...

The concept of security is nothing new, and has long captured the American imagination. In many popular books and movies, whether set in the old west or in a modern office building, someone has...

According to Merriam-Webster, “life cycle” was first used in 1855 to refer to the “series of stages in form and functional activity through which an organism passes between successive recurrences of...

It seems like “best” and “worst” lists pop up everywhere these days – especially since anyone with a computer, a blog, and an opinion can add to the fun. A quick survey of the internet turns up an...

All contract management software is designed to streamline the contracting process while reducing costs, but a good CMS is not one-size-fits-all. Certain CMS features, such as a digitized repository...

People sometimes complain that we live in a world of instant gratification, where patience is no longer a virtue. But it’s probably closer to the truth to say that today’s managers and employees work...

Some people might view a discussion of the insurance industry as the perfect antidote for insomnia – but not us. While we appreciate that reading and enjoying an insurance policy from cover to cover...

Business management has always been a complicated undertaking. Managers must define long-term objectives and short-term goals, then implement actions designed to accomplish both. The company must...

The rate of technological growth around the world is truly transformative, and shows no signs of slowing down. According to Moore’s law, computer processing speed will double every 18 months, which...

Top concerns for today’s business leaders continue to include the storage, management, and safety of data. That’s not surprising, given that every time we pick up a newspaper (o.k., every time we...

Technological innovation seems to be making everything smarter these days. From smartphones to talking speakers, one can’t help but sometimes wonder what the future holds. Perhaps even more amazing...

In today’s era of rapid technological evolution, you’d better stay plugged in or you will quickly lose track of the development of important business products and solutions. Moreover, with society’s...

A quick update about exciting new features on ContractSafe! ContractSafe [AI]ssistant Introducing your brand new [AI]ssistant. We’re really excited to announce that our new AI setup feature is live....

The Information Technology industry has enjoyed explosive growth for a number of years. According to research cited by CompTIA, the IT industry exceeded $4.5 trillion globally in 2017 and will exceed...

Just mentioning the words “hospitality industry” brings a smile to the average person’s face. Of course, those of us who do not work in the sector tend to see visions of palm trees, blue oceans,...

Although we may not always use the term “needs assessment,” the concept plays a critical role in both our business and personal lives. At home, a task as simple as making a grocery list counts as a...

The importance of the nonprofit sector in America cannot be overstated. Every day, nonprofits and their dedicated employees perform important service roles throughout society, affecting health,...

Here’s a story we have heard a million times from managerial personnel at organizations in many industries: Business is booming and everyone is working to capacity. Thus, the company needs help....

Formal education is something to which all Americans are exposed from a very young age. Yet the enormity of the industry is often overlooked. Traditionally, we think of education in terms of...