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The Contract Certainty Blog

The Contract Certainty Blog

The Contract Certainty Blog

How to Eliminate Contract Risk with Contract Management

We’ve all been told that reading the fine print in any contract is important, as it often contains terms and conditions that could prove costly down the line, but how many of us actually closely examine the fine print – even in our own contracts?

Insurers Face Risk with Cyber Exposure

With over 120 London Insurance Market Clients, we spend a lot of time meeting brokers and underwriters to learn about new market issues that arise. One of the key items that keeps coming up are the attritional losses that could be avoided with the right solutions to support tighter underwriting controls and a better understanding of the policies being subscribed to.

AI and Contract Management are the Solutions for Initial Margin Requirements Compliance

Margin Requirement reform has been a major concern amongst global financial services firms for the past two years and it’s only going to get more challenging over the next two years. You may remember we addressed the topic of uncleared derivatives regulations back in 2016 when the regulation first came into force. These rules were brought into effect to prevent a repeat of the financial crisis that occurred in 2008/9. We discussed how it’s time for banks to “buckle down” and start the repapering process for their credit support annexes.

Uncover Your Risks with Contract Lifecycle Management

Juggling numerous contracts at once can become an overwhelming task that can spiral out of control. Contracts can be as short as one paragraph to as long as thousands of pages, which demands the need to be continuously looked after throughout their lifecycle. It is not enough just to store data onto a centralized platform. Therefore, contract management should be viewed as a process that can be changed and improved overtime.

Top Analyst Tech Review on Exari: 7 Must Haves for Contract Management

In today's technological world, cloud-based contracts are becoming more and more essential to enterprises. It is vital to be aware of the potential risks that may arise in the process of producing a contract. On the surface contract management can seem simple but when different components are interjected such as third-party relationships, contract management without digitization can become a challenge.

Document Management: Overcoming Global Contracting Challenges

If your company does business internationally, you are undoubtedly aware of the challenges that brings to contracting. Contracts need to be reflective of the current commercial status, which is constantly changing due to changes in the world, from changes in power to currency fluctuations, new international regulations, and rapidly changing international laws.

Contract Management Process: Improve Post-Execution Contracting

Once a contract has been executed, what happens to it? Does the contract move on to storage purgatory, never to be seen again — or at least until there is an issue that needs to be addressed, or you need to capture some information from the contract? How do you confirm that the terms of the contract are being met, and that all the major milestones and deadlines are being adhered to? And when the expiration date approaches, what do you do about renegotiating and/or renewing the contract?

Contract Management: Get Up-and-Running Fast with AI

Contract management is changing the way the world’s largest companies do business. How you may ask? By employing AI-driven technologies to better organize and operationalize their contracts, allowing them to save money, mitigate risk, and drive significant organizational efficiencies.

5 Common Contract Bottlenecks & How to Fix Each

One complaint that we hear all the time from companies is that contracting takes forever. In many companies, it can take weeks to bring a contract from negotiation to execution, and it’s often due to issues in the contracting process itself — not the parties involved. Here are five common bottlenecks and how fix them.

Why Is the Contract Management Software Market Expanding?

It appears that the days of massive stacks of paper, endless rows of filing cabinets, and clunky, ineffective ways of managing contracts are rapidly coming to an end. Although contracts are the lifeblood of nearly every organization in every industry, traditionally the management of these documents has been disjointed at best.