Looking for best practices?
Visit our resource library for industry best practice tips and for case studies on how our software has helped clients in your industry.
Policy management resources, best practices articles, guides and how-to's can help optimize your processes.
Contract management resources, articles, guides and how-tos can help you improve efficiency.
Resources, best practices, articles, guides, and how-tos to effectively manage incidents.
Articles and guides on conflict of interest disclosure on how to properly handle potential conflicts.
Strategies on building frameworks for managing risks and staying up to date with regulatory developments.
Often, the buy-side of contract managementsits at the opposite end of the spectrum — and the opposite end of the office — from the sell-side of contract management. Some companies have a greater need for buy-side versus sell-side, or vice versa, and often, companies choose to focus on one over the other, meaning the goals for each side are very different.
The sell-side’s goals are of course to be able to respond to customers’ needs, as well as manage and nurture existing client relationships. The buy-side’s goals, on the other hand, are to ensure adherence to the quality standards it establishes and maintain compliance.
With different objectives, it’s no wonder that buy-side and sell-side contracting have been kept separate within organizations — to the point where they often have different teams or departments manage them, each with their own contract managers.
Just because they’ve been kept separate, however, doesn’t mean they wouldn’t benefit from integrating to one contract management system. After all, both sides have a similar goal — to evaluate which business partnerships are the most profitable.
By combining the two, they could learn from each other’s past experiences and interactions with customers and vendors. They could also experience greater efficiency, as data and resources would be integrated and not redundant.
ConvergePoint’s Contract Management Software can handle both the buying and selling sides, automating and streamlining the contract process for contract managers.
Looking to integrate the buying and selling sides of your contract processes, but not sure where to start? ConvergePoint can help — take a look at our Guide on How to Establish a Contract Management System.
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
After investing time and resources creating these policies, make sure employees read, understand and apply them to their daily job responsibilities! How? Read the Guide on How to Ensure Employee Accountability & Compliance through Effective Policy Management.
Manage employee and teacher contracts, sponsorship deals, city and state regulations, and partnerships.
Manage supplier and vendor contracts, employee and staff contracts, distribution contracts, and facility leasing and ownership contracts.
Comply with HIPAA, HITECH, ICD 9, ICD 10, and FDR CFR regulations for contract management, and handle active directory contracts for your organization.
Comply with SEC, FDIC, FINRA, OCC, CFTC, and Federal Reserve regulations on contracts, handle employee contracts, and partnership deals.
Create and manage employee contracts, improve organizational transparency, reduce risk factors, and mitigate lawsuits.
Abide by local, regional, state and federal regulations, manage contractor information, develop third-party outsourced contracts, and handle facility agreements.
Comply with FAA, DOT, FMCSA, FRA and FTA regulations for contracts, outline contracts for drivers and vendors, and reduce potential risks.
Visit our resource library for industry best practice tips and for case studies on how our software has helped clients in your industry.