Contract Management Blog

Contract Management Blog2019-03-07T11:40:53+00:00

Ultria Blogs

Part I – 4 Contract Management Metrics to Continually Measure and Optimize your Contract Performance

Part I – 4 Contract Management Metrics to Continually Measure and Optimize your Contract Performance

Managing contracts without a streamlined process or a plan is […]

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Steering Sell-Side Contracts in the Right Direction with Advanced Contract Management

Steering Sell-Side Contracts in the Right Direction with Advanced Contract Management

Sell-side contracts are legal agreements between two entities for the sale and delivery of goods, services, securities or other personal property. These come attached with a lot of obligations and risks and are vital to companies’ bottom lines. According to the blog CPO Rising, “75% of all corporate revenues are tied/linked directly to sales contracts.” With such high financial value at stake, there is a huge pressure on Sales teams to acquire new customers, maintain relations with existing customers and turn around deals faster. And along with meeting their sales targets, sales teams also need to actively participate in the contracting process from request intake to contract renewal, which, with manual processes takes up a huge chunk of their precious time.

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Minimizing Contract Compliance Risks with Advanced Contract Management Solutions

Minimizing Contract Compliance Risks with Advanced Contract Management Solutions

As global regulations multiply, and as stakeholder expectations increase, organizations […]

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Are you force-fitting your Contract Repository needs into a DMS-based infrastructure?

Are you force-fitting your Contract Repository needs into a DMS-based infrastructure?

As your business grows, your needs evolve, and so do the complexities of your business transaction record-keeping – a.k.a. contracts. Rings a bell? Recordkeeping or database management for your entire set of contracts is a humongous task and is best not left to run-of-the-mill document management systems. We will tell you why!

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The role of intelligent contract management in transforming legal operations

The role of intelligent contract management in transforming legal operations

According to PricewaterhouseCoopers, the average Fortune 2000 company holds around 20,000-40,000 active contracts. Imagine having to manage such a large number of contracts throughout their lifecycle without any technological aid! Sounds overwhelming right? In most cases, the responsibility of drafting, authoring, reviewing and managing a huge portfolio of high-value contracts falls single-handedly upon the legal function where the execution of the same is largely the responsibility of the legal department operations (LDO) team.

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A sneak peek into Ultria’s 2019 Contract Lifecycle Management survey findings

A sneak peek into Ultria’s 2019 Contract Lifecycle Management survey findings

Ultria reached out to a large audience from the Legal Operations and Contract Management function with questions around their contract management profile, processes and challenges. We wanted to get a first-hand understanding into the level of maturity companies stand at when it comes to advances in managing their contract operations, compliance and performance.

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The Need for Contract Management in Transportation and Logistics Industry

The Need for Contract Management in Transportation and Logistics Industry

The global transport and logistics industry is enormous. As per a Boston Consulting Group survey report ‘Transport and Logistics in a changing world’,  transport and logistics is a whopping $ 3.1 trillion market. The popularity of e-commerce has added to the transportation and logistics industry boom and over the past decade, considerable growth has been seen across the transport industry value chain. To sustain in this uphill environment, service providers face the need to dive into digital transformation and go through unparalleled disruption by transforming technology as well as processes inherent in the legacy systems.

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