Though they are often overlooked or treated as a passing thought, contracts are the heart of every organization. They facilitate business by allowing parties to come to a mutual agreement over the exchange of goods and services, making them an integral part of your company’s core business values. In fact, the history of an organization …
With contracts acting as the lifeblood for most organizations, it should come as now surprise that they are finally starting to receive the love and attention they require to truly shine. In the past, contracts have been treated as a formality, merely a document to sign and store away, never to be considered again. But …
For any organization across all kinds of industries, contracts represent the foundation of business. They contain information that is vital to the practices of every organization, regardless of what that organization does. A contract outlines the flow back and forth of all commercial relationships, whether with vendors, individuals, or other agencies, and it includes details …
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New Year, New Goals: What to Expect It’s been quite a year for Koho Software. With 100% company growth and nearly 40% customer growth in 2021, we have had the opportunity to welcome tons of new clients, employees, and changes. As we move forward into the new year, we hope to continue this pattern …
So, you’ve heard the buzz about the newest wave in legal-tech: CLM solutions. With contracts at the forefront of nearly every business agreement that takes place, finding ways to improve the quality and efficiency of the contracting experience should be at the forefront of every organization’s priorities. But, what exactly does a CLM tool bring …
Why Insurance Companies Need Contract Management Solutions In every sector ranging from healthcare, to automobile, to home, to life insurance and more, insurance providers must negotiate and establish contracts with providers, clients, and more. No matter what type(s) of insurance a company provides, contract management solutions are necessary. The business of insurance consists of a …
Why Financial Institutions Need Contract Management Solutions Financial service institutions deal with highly sensitive subject matter so the quality of their contract management solutions is critical. Managing contracts, especially at high volumes, can be complicated and challenging. Contracts are important because the terms and conditions are legally enforceable. When contracts deal with the financial well-being …
Why Education Institutions Need Contract Management Solutions Educational institutions manage large volumes of contracts across decentralized networks of structures, systems, and departments. These complex academic systems depend upon contracts with vendors, suppliers, service providers, legal advisors, and more. Today, educational institutions are simultaneously experiencing increasing financial pressure and decreasing budgets. Under this pressure and increasingly …
Why Pharmaceutical Companies Need Contract Management Solutions As a vast sector that researches, develops, and distributes medicine and drugs, the pharmaceutical industry is a critical component of healthcare. Today, pharmaceutical companies face an increasing list of challenges. These complexities include extensive clinical trials, regulatory compliance, risk mitigation, quality assurance, supply chain dynamics, spend control, and …
On the surface, contracts may seem like a formality to most business relationships, nothing more than an agreement to sign and file away. However, every contract represents a detailed look into the business relationship between your company and another party, whether it be customers, vendors, contractors, or even employees. These relationships are the tools that …
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