Xakia’s Post

We get it - modernizing your contract management process can be overwhelming. Here are six manageable steps to get you on the right track. 1️⃣ Map Out Current Process Create a process map of your current contract management process to identify your baseline issues, gaps, and inefficiencies. You can use post-it notes, a whiteboard, paper, or a fancy process mapping tool. 2️⃣ Reassign Tasks Review the distribution of roles and responsibilities on your team. Re-assign tasks to the correct department or individual to improve workflow efficiencies. 3️⃣ Refine Workflows You might have several different workflows to address a particular contract type or contract value. Refine your workflows and create a process map for each unique scenario. 4️⃣ Build Template Library The more templates you have at your fingertips, the less time you will need to spend customizing standard contracts and negotiating the same clauses over and over again. 5️⃣ Create Intake Form Now that you have a better understanding of your current contract management process, and even made some substantial improvements to it yourself, you should have some ideas about how to improve (or create) your intake form. 6️⃣ Source & Implement Contract Management Tool Sourcing and implementing a contract management tool is the ultimate and last step towards creating a modern contract management process. READ THE ARTICLE >> https://lnkd.in/djm4R9j #contractnerds #inhouselegal #contractmanagement #legaltech #clm #legaldepartment #contractreviewprocess #efficiency

What a best-in-class contract management solution looks like https://buff.ly/3zDBY8m #contractmanagement #projectmanagement #contractor #accountingsystem

We get it - modernizing your contract management process can be overwhelming. Here are six manageable steps to get you on the right track. 1️⃣ Map Out Current Process Create a process map of your current contract management process to identify your baseline issues, gaps, and inefficiencies. You can use post-it notes, a whiteboard, paper, or a fancy process mapping tool. 2️⃣ Reassign Tasks Review the distribution of roles and responsibilities on your team. Re-assign tasks to the correct department or individual to improve workflow efficiencies. 3️⃣ Refine Workflows You might have several different workflows to address a particular contract type or contract value. Refine your workflows and create a process map for each unique scenario. 4️⃣ Build Template Library The more templates you have at your fingertips, the less time you will need to spend customizing standard contracts and negotiating the same clauses over and over again. 5️⃣ Create Intake Form Now that you have a better understanding of your current contract management process, and even made some substantial improvements to it yourself, you should have some ideas about how to improve (or create) your intake form. 6️⃣ Source & Implement Contract Management Tool Sourcing and implementing a contract management tool is the ultimate and last step towards creating a modern contract management process. READ THE ARTICLE >> https://lnkd.in/djm4R9j #contractnerds #inhouselegal #contractmanagement #legaltech #clm #legaldepartment #contractreviewprocess #efficiency

We get it - modernizing your contract management process can be overwhelming. Here are six manageable steps to get you on the right track. 1️⃣ Map Out Current Process Create a process map of your current contract management process to identify your baseline issues, gaps, and inefficiencies. You can use post-it notes, a whiteboard, paper, or a fancy process mapping tool. 2️⃣ Reassign Tasks Review the distribution of roles and responsibilities on your team. Re-assign tasks to the correct department or individual to improve workflow efficiencies. 3️⃣ Refine Workflows You might have several different workflows to address a particular contract type or contract value. Refine your workflows and create a process map for each unique scenario. 4️⃣ Build Template Library The more templates you have at your fingertips, the less time you will need to spend customizing standard contracts and negotiating the same clauses over and over again. 5️⃣ Create Intake Form Now that you have a better understanding of your current contract management process, and even made some substantial improvements to it yourself, you should have some ideas about how to improve (or create) your intake form. 6️⃣ Source & Implement Contract Management Tool Sourcing and implementing a contract management tool is the ultimate and last step towards creating a modern contract management process. READ THE ARTICLE >> https://lnkd.in/djm4R9j #contractnerds #inhouselegal #contractmanagement #legaltech #clm #legaldepartment #contractreviewprocess #efficiency

The final blog in our Force for Good series and it's all about Contract Management! Contracts account for a significant amount of an organisation’s revenue, and can lead to considerable challenges and risks, if managed inefficiently. Yet contract management continues to be seen as an administrative task, rather than a strategic function in some businesses. But with organisations turning to technology to help streamline so many other aspects of business operations, it poses the question – is it time to leave legacy contract management processes in FY24?

What if you could streamline contract management, reduce errors, and ensure compliance—all with minimal effort? 🎯 Automated Contract Workflows are your game-changer: No more bottlenecks: Speed up approvals with automated routing. Stay compliant: Automatic tracking and alerts keep you ahead of deadlines. Minimize human error: Reduce mistakes that can cost time and money. 💡 Ready to transform how you handle contracts? Dive into our latest blog post to see how automated workflows can elevate your business. 👉 Read the full article here and discover the future of contract management. https://hubs.ly/Q02M0mxQ0 Let’s turn manual headaches into automated success! P.S. Share this with your network ♻️ if you found it helpful!

Looking to take your contract management to the next level? 📈 Check out this comprehensive guide to digital contract management! Learn how to streamline your processes, increase efficiency, and stay organized with the latest tools and techniques. Don't miss out on this valuable resource! https://lnkd.in/d4yEYCkY

Are you looking to implement a contract management solution in the new year, but not sure how? 🤷♂️ We've got you covered! Check out our latest blog to learn best practices for flawless implementation and some common challenges to keep an eye out for. Whether you're at the beginning stages of considering a contract management solution or searching for ways to enhance your current system, this blog is for you. Don't miss out! Dive into the insights by reading the full blog here: https://lnkd.in/eAhqC7_S

How Contract Management Impacts Business Profitability

Step-by-step guide: Contract management for small companies 🚀    We just created a step-by-step guide tailored to small businesses with limited resources. 🙌🏼    In the guide you’ll recognize some of the most common challenges small businesses face in contract management and how to tackle them head-on. 👊🏼    The guide consists of 3 steps:  ✅  Step 1: Understand the importance of contract management.  ✅  Step 2: Identify common challenges  ✅  Step 3: Best practices    Ready to level up your contract management game? 🚀 👉🏼 Read the guide here: https://lnkd.in/dsjhwP9r