On-premise contract software Vs. Cloud-based contract software

One of the most common questions clients ask a business analyst when selecting contract lifecycle management software is whether to go with cloud contract management software or on-premise contract management software. It is more likely compared between the operating systems, whether it is Mac or Windows. Both cloud-based contract management software and on-premises contract management software have their own advantages and disadvantages. Continue reading this blog to learn about the factors to consider when deciding between cloud and on-premise contract lifecycle management software.

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When considering whether to use cloud contract […]

What are commercial contracts and their key clauses?

Commercial contracts are agreements that govern business relationships between people or businesses and specify the actions that each party will take or refrain from acting. Commercial agreements are typically verbal, but they can also be in writing. Written contracts are simpler to enforce and give the parties involved guidance on how to fulfil their contractual commitments.Any business that wants to work with vendors, seeks to attract new clients, or is willing to hire staff, must have commercial contracts. In addition to providing advice on how to manage these efficiently during the contracting process, this blog analyses some of the key […]

Contract Management Software Vs Project Management Software.

Contract administration is an expertise within the procurement industry, yet the obligations allocated to a contract manager are extremely broad. Contract management has an impact on many aspects of a business, including its budget, operations, customer service, and public image. Procurement and contract management are essentially the same thing. Both contract management and procurement are terms used to describe the larger process of selling or buying something from another person. Software for project planning, scheduling, resource allocation, and change management is known as project management software. It can be used as an administrative system that allows project managers (PMs), stakeholders, […]

4 contract management and procurement terminologies to be aware of

Every purchase comes with an implicit or explicit contract because every business is bound by contracts, whether it is a small-scale or vast one. The vendors are bound by contracts. Before you enter into a collaboration with a new vendor or purchase a new product or service, it’s critical to draft and execute a vendor contract. There are four crucial terms that need to be included while drafting a contract in order to make your vendor relationship a successful one. Keep reading to learn more about the contract management and procurement terminologies that you need to know before drafting a […]