Contract Management

  • Contract management increases financial value
You must explain the financial benefits of contract management. Otherwise, contract management looks like expensive busywork. Arguments based on abstract ideas like “compliance is important” or “maintaining the contracting process is important” are too abstract when it comes to a specific number as line item in a budget.
  • Contract management “moves the needle”
When it comes to allocating budgets across the organization, executives hear demands from every quarter. It is rare for a manager to volunteer for a smaller budget or less staff. How do executives respond to conflicting demands for limited budgetary resources? Business leaders want to make investments that “move the needle” (a budget after all is just a capital allocation).
  • Contract managing controls risk in the contract portfolio
Risk is about uncertainty. If we cannot produce data like the following, then we probably have an unacceptable level of risk in our contract portfolio:
Number of contracts with indemnification clauses
Number of contracts with insurance obligations
Percentage of expense contracts with auto-renewal provisions
Number of contracts with unilateral termination provisions.
Number of expired contracts
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GDPR – The biggest challenge for marketers and business in 2018
Knowing how valuable data is, companies will try to collect as many data as they can for every free event you sign up for, every item you purchase and every competition you enter, but this doesn’t mean we want to be automatically signed up for a bunch of emails we don’t appreciate, and unsubscriptions that need double or triple opt-out options. Now the law is going to regulate when our data is processed, what it entitles and how it is going to be used for no pre-ticked boxes, no hidden tricks. Quite cool, right? Well it is, but this gives marketers a bit of a headache because they have to review their policies and ensure they are up to date with everything.
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Get to Know Our Team Series: Ferhat Karatay, Developer
I’m excited about Virtual Reality. I believe it’s a new and different experience for customers. For instance, people can try high risks sport activities (especially for those who crave the adrenaline rush) without endangering their lives. Virtual reality technology can increase safety measures and reduce risks by giving people the opportunity to experience things beyond their comfort zone and imagination!
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Top project management bloggers to follow in 2018
As businesses grow, the proper project management is crucial to business performance and growth. Yet, reports revealed discouraging figures of companies that successfully completed their projects. This challenge even sounds more perplexing to startups and sole project manager. Fortunately, there are many projects management bloggers who offer experiences, hands-on practices, articles, industry news that helps alleviate hardship in project management.
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Find Job Opportunities in London – and enjoying it!
London is a city with many job opportunities. Make sure you choose wisely and find the right fit for you, choose a company that understands you and believes in you. If you’re ever feeling stuck or a little lost about applying for any types of job – just remember to plan ahead and most importantly, to ensure that your contracts are reviewed properly and that both parties agree on every point before committing to anything!
Reasons why we have partnered with DocuSign
Why Partner with DocuSign®?
eContractHub provides accurate and visible audit and transaction trail for contracts and partnering with DocuSign® provides a more thorough information on the electronic signature transaction trail before, during and even after a contract has been electronically signed. You don’t need to be a master of reports or exert much effort to analyze and understand this sum of information stored. All the information you need is available and understandable at a single glance.
Image of eContractHub's founder, Arif Bay
Get to Know Our Team Series: Arif Bay, Founder
eContractHub exists to improve the way people deal with contracts in all aspects. from preparation to negotiation. While working on that, we are committed to transparency. We know how we can improve the contract lifecycle. We are aware of what we can propose and what we can’t. We continuously improve and evolve our product to keep cost-benefit ratio high. No payment if there is no benefit. That’s why we have a free option with no time limit. We want companies to use eContractHub for free until they see the value of it. Also, It’s not easy to make an investment for small companies so we make it risk free. Our goal is to grow together.
Top 2018 Productivity Tools to use when working remotely
Top 2018 Productivity Tools to Use When You Work Remotely
The internet is my best friend and my worst enemy; that’s why I used to prefer working in the office rather than from home, to ensure that I am 100% focused to complete my tasks. But since I started using these tools, working remotely doesn’t sound so daunting as I’m able to track, communicate and manage my time better. If you’re anything like me, try out these tools and see if it helps you boost your productivity.
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Day in the Life of a Marketing Intern at eContractHub
My responsibilities are mainly to do with managing eContractHub’s social media accounts and the overall advertising and promotion activities of the platform. In short, I get to propose and schedule content that goes on our social media profiles. But this also means that I have to know the ins and outs of the platform so that if there are any queries, I can easily address them on social media!
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Want to be your own boss? Tips to improve your Contract Management Process for Solopreneurs, Consultants, and Freelancers
Spreadsheets can be easily accessed and shared with anyone might end up in the hands of unauthorized personnel who may have malicious intentions.tools. Some might even stretch boundaries and use it for other purposes… But what are the risks if we use spreadsheets for contract management?
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