If there’s one thing that is certain, it’s the harsh truth that contract management involves challenges– a lot of them. Given that 70-80% of business operations are governed by contracts, no business would get blamed for being a little too careful with it. The reason why most companies swear by contract management software is that it solves …
Back in 1998, the National Basketball Association (NBA) team owners and players were in acute disagreement over contract terms. So much so that the negotiations lasted six months, causing the game season to be postponed. In the end, the owners had to exercise a final arbitrary deadline for the players to participate, or else they …
Back in 2018, a relatively new company (four years old) Ant Financial Services Group had a valuation of $150 billion – this was almost half that of the world’s biggest company in financial services, JP Morgan Chase. The following year, its consumer base had reached the 1 billion mark. But here’s the most interesting fact: there …
Signing contracts is an inevitable fact of business (and life). And yet, signing a new commercial contract can feel intimidating to anyone without a law degree. After all, everyone has at least one story of a friend or family member who lost enormous amounts of time, money, and resources, all from hastily signing on the dotted …
Introduction As much as you may wish that every professional relationship were positive, you and your business will inevitably face conflicts. However, some of these disagreements can quickly turn into legal battles with angry customers, unreasonable landlords, and disappointing business partnerships if you don’t approach them carefully. So, to set yourself up for the fewest number of contract …
There was a 154% increase in telehealth consultation in March 2020 in the United States, compared to the same time in 2019, according to CDC. Add to that a plethora of telemedicine apps that made their way into Apple and Google stores. You may not have realized but most such healthcare apps and telemedicine apps need …
IT teams have to manage a large number of contracts and binding agreements that have to be tracked through their entire lifecycle. Apart from that, there are a lot of sensitive documents that need to be guarded safely. All of this is possible with a good contract management software for IT. With the software in place, …
Contract management is an important part of any business, irrespective of its size or nature. Enterprises have to spend a considerable amount of time creating and managing contracts. When your process is manual and includes too many administrative tasks, the expensive human resources of the company can easily be pulled into low-value administrative tasks. And …
Conventional wisdom says that organizations need to make a deliberate effort to get more women into the tech industry and help them move to senior leadership positions. However, the team at Revnue feels that this mindset needs to change. They believe that the real transformation comes only when we eliminate biases of any form and …
In matters of money, accountability is an essential commodity. Companies and governments around the world spend a considerable amount of their money in ensuring that their capital is put to good use and that there are no frauds, irregularities, or embezzlements. Yet, financial frauds make headlines every now and then, putting finance teams in an …