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Contracts play a crucial role in legally binding the agreement between two or more parties, including specific items each party can and cannot do.

Most people don’t think of non-profits as a business, but there are many similarities. In the same way businesses provide products and services to a target group of clients, non-profits serve a community where they’ve identified a need not fulfilled by the government or private sphere.

Contract management is a key part of companies' strategic sourcing requirements. As a business discipline in its own right, it can prove to be a boon or a bane, depending on how it’s managed. It requires not only a high level of understanding of contracting dynamics, but also requires a very good understanding of business itself.

How can we increase revenue?

That’s the question that business executives ask themselves everyday – it is the main goal for any company. As a company, you may go through hours and hours of meetings to discuss various strategies on how to get that desired hockey stick-type growth on your revenue charts.

As a sales rep, there is always one thing lingering in the back of your mind…How am I going to meet my sales quota?Whether you’re stressing about meeting the numbers for the month, for the quarter, or for the year, ensuring that you are going to make quota is something that every sales representative is continuously working towards.

When you think of customer service which company pops into your mind? For many of us, that company might be Starbucks. Starbucks has implemented three values that we should all take some notes on.

What is inquire to order?

The inquire-to-order process enables manufacturing companies to sell smarter, sell together, and Increase profitability.

Sell smarter: marketing automation & communities drive proactive customer engagement, improved analysis, and collaboration with partners & distributors.

Today’s cloud-based business solutions provide new and unprecedented ways to collect and analyze data in real time and are, for many businesses, a source of competitive advantage.

Platform as a Service (PaaS) has emerged as a disruptive delivery model for the software industry. Evolving from the Software as a Service (SaaS) model, PaaS invites third parties to develop applications on the platform to complement the core, on-demand features and functionality of the platform provider.

Technological innovation, as we've all heard, is taking over the world. There's no exception to that rule in the Oil and Gas industry. In digital oil fields, "instruments constantly read data on wellhead conditions, pipelines and mechanical systems.

For many sales reps, quoting is a source of pain, frustration, and conflict. And this is a shame, because a clean, accurate quote—delivered on time—is one of the best tools you have for turning an opportunity into a closed deal fast.

Here are four ways in which quoting can be a competitive advantage:

1.

At the LegalTech event held in New York earlier this month, Duff & Phelps co-sponsored a panel called "Integrating In-House Legal and Contract Management Functions – Proactive and Strategic Approaches." The discussion revealed how confusion over the contract manager position can cause inefficiencies in many contract review processes.