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How many insurance policies are currently protecting your business? It’s not a simple question. Most businesses have a range of insurance policies protecting different types of assets. And unless you’re paying attention, the policies you have in place can easily expire without your knowledge. If you’re not aware that your insurance policies have expired, then …

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Contract Templates

All About Exclusive Contracts (includes Exclusivity Template)

Like its name suggests, an exclusive contract is one that restricts a party from providing the same goods/services to others for a specified period of time. This can also be applied in the context where a company obtains exclusive rights and agrees to do business exclusively with another company. We’ll examing exclusive contracts in some …

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Contract Templates

Contract Management Spreadsheets: The 2021 Guide To Keeping Track of Contracts In Excel

Excel as a contract management tool appears to be here to stay. Incredibly, 60 percent of federal contractors say that they use Excel to track their agreements (according to Baker Tilly) – which means that if you’re keeping track of contracts in Excel, you’re not alone. We don’t recommend it for everybody, though. In the …

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Software

ContractSafe vs. ContractWorks vs. ContractHound

So many contracts. So many brand names. Such little time! But if you’re wondering about the differences between ContractSafe vs ContractWorks, we’re here to help. And perhaps also to persuade you that Contract Hound might be a better choice… As well as being more imaginatively named 😬 Here’s what we’ll cover: Contract Hound: Brilliant for …

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Contract Magic

What Skills Does A Contract Manager Need?

As your company grows in size, so does the number of contracts you have to manage. When you have a sizable contract repository, it is a good time to consider adding a contract manager to your growing team – but what skills should you be looking for? Contract managers play a critical role in companies …

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Software

Picking the Best Contract Approval Software of 2021: What You Should Know

Customers often come to us because they only need one thing for a better contracting process. More often than not, the missing part is a way to manage contract approvals. You know the pain – you need to order a big piece of machinery, but it needs to be signed off by accounting before you …

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Software

Concord vs Agiloft: Which is best for you?

In this blog post, we’ll be pitting two of the biggest names in contract management against each other in a Concord vs Agiloft showdown of the titans – but we’ll also take a look at why Contract Hound, with its simpler user interface and streamlined feature set, might actually be a better choice… This comparison …

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Contract Magic

Void, Voidable, and Invalid Contracts: What You Should Know

In most cases, once you sign a contract, you are legally obliged to fulfill what was stated in the agreement. However, there are exceptions that could lead to the contract being “void” or “voidable”.  Knowing the difference and what makes a contract invalid will enable more effective contract reviews during the drafting stage and avoid …

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Contract Lifecycle

The Different Levels of Contract Compliance

No contract lifecycle is complete without compliance. In fact, according to global management consulting firm, McKinsey & Company, companies that fail to invest in a proper contract management system stand to lose up to 9% of their revenues annually. This is where successful compliance programs come into play, as they help mitigate these potential losses.  …

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Software

Juro Pricing: What You Should Know

Juro’s contract management software claims to offer flexible plans to suit all business sizes. But as experts in small business contract management ourselves, we had some questions – so we decided to get some answers about the various Juro pricing plans once and for all. As of May 2021, baseline pricing for Juro is charged …

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