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Contract management systems: Understanding your options
Posted on September 25, 2014 by Merrill DataSite
Seeking a better way to manage contracts? There are many systems and solutions to consider, and the list of options is growing. Trying to determine which one is right for you can be time-consuming and confusing.
Wouldn’t you love to know what your peers in the industry have learned about the process of finding and successfully implementing a new system? To get those answers for you, Merrill Corporation recently surveyed contract management professionals to see how they are evaluating systems currently available – and advocating for investment in the system of their choice.
Most contract managers need to address five main categories when considering a contract management solution. They include:
- Outlining specific business needs that require a new solution
- Gathering information about different contract management solutions
- Understanding the challenges of advocating for a system internally
- Defining a clear decision-making process
- Highlighting any concerns that must be mitigated when implementing a new system
Interested in learning more? Download this complimentary report, “State of Contract Management: 2014 Annual Report.”
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About Merrill DataSite
Merrill DataSite is a premier online Virtual Data Room (VDR) solution that efficiently houses critical business information for mergers and acquisitions, document warehousing, IPO, Life Sciences licensing and fundraising and contract management. Learn more about DataSite at datasite.com
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Tags
- ACG
- Acquisition International
- Affordable Care Act
- AHCA
- Annual Report
- awards
- Budget
- Building a case
- Business case
- business contract management
- Business needs
- business owners
- BVCA
- cloud based contract management
- contract administration
- Contract Management
- contract management and sales support
- Contract Management pain points
- contract management process
- contract management services
- contract management solution
- contract manager
- Contract mangement application
- contract renewal
- Cyber-security
- data managment
- DataSite
- Dealmakers
- due diligence
- el nino
- FIFA football World Cup
- football lovers
- healthcare payments to providers
- hospital transactions
- Initial Public Offering
- Initial Public Offerings
- Investement Bankers
- investment bank
- investment banker
- IPO
- Jeanette Nyden
- M&A
- M&A advisor
- M&A awards
- M&A transaction
- mergers and acquisitions
- merrill datasite
- mild weather
- Negotiation skills
- new contract management system
- online document storage
- online security
- practice acquisition
- premier virtual data room
- Private Equity
- proactive contract management
- project managers
- reactive contract management
- retail
- retail industry
- sales transactions
- Secure contract management
- security
- The International Merrill DataSite
- The World Cup
- Urgency
- VDR
- Virtual Data Room
- virtual data rooms
- virtual data room solutions
- virtural data rooms
- weather
- weather impacting economies
- web based contract management
- Young people in Private Equity
