Contract Management

A Strategic Approach to Effective Contract Management ROI

Jul 23, 2024 | Contract Management

In today’s fast-paced corporate environment, the management of commercial contracts has become a critical function for businesses of all sizes. Contracts form the backbone of commercial relationships, defining the terms of engagement, responsibilities, and benefits... read more

What does it mean to manage a contract?

Jun 21, 2024 | Contract Management

Does contract management stop at execution? If you are a contract manager, you know the answer to that question is “NO.” Execution of a contract is where the fun begins. So, what is involved in contract management? First, let’s explore the difference between a... read more

The Exit Plan: Strategies for Effective Contract Completion

May 28, 2024 | Contract Management

Every contract embarks on a journey from inception to conclusion, a journey often meticulously planned at the start but less frequently navigated with care at its end. While ample attention is lavished on the initiation phase (from negotiation to contract signature... read more

Experience Level Agreements (XLAs): A Paradigm Shift in Measuring User Experience

May 8, 2024 | Contract Management

Experience Level Agreements (XLAs) are an approach to measuring user experience that has gained significant attention in recent years. These metrics offer companies a departure from Service Level Agreements (SLAs). The main difference between XLAs and SLAs is that... read more

The Fundamentals of Commercial Contract Risk

Apr 10, 2024 | Contract Management

Risk will always have a place in the contracting process. If strong contract management is established, it plays an integral role in creating and developing risk management strategies to identify, assess, and mitigate risks associated with the contract. Businesses... read more

The Reality Check! Assessing Contracted vs. Performed Obligations

Mar 29, 2024 | Contract Management

As an Account Executive or Project Owner, are you certain that the services being delivered align with your contractual commitments? Understanding your contractual obligations and assessing them against the real environment are two different things. It’s a common... read more

ABiz Contract Management Blog