Search results
Results from the WOW.Com Content Network
Signature - In the signature phase, the contract is signed by whoever needs to sign it in order to become official (who signs the contract is unique to each business). If contract lifecycle management software is used, the signature stage can be done electronically via the internet which drastically reduces the amount of time this stage takes.
The terms performance-based and results-based are mostly used interchangeably. The latter may signal more the achievement of broader social and economic outcomes Performance-based contracting is the term used in Australia, New Zealand and Canada to describe the practice of attaching contract payment to a set of performance metrics.
Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.Contract management includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution.
Incremental Delivery Contracts allow customers to review contracts at designated points in the contract life cycle. These points are negotiated into contracts and allow customers to make changes, continue, or terminate the project. The first step encompasses the content of the contract on a broad level.
Ironclad is a software as a service company that makes contract management software. Founded in 2014 and headquartered in San Francisco, California , Ironclad provides a platform for legal and business teams to create, store, and manage contracts online in a process known as contract lifecycle management .
Contract management software constitutes a range of computer programmes, libraries and data used to support contract management, contract lifecycle management, and contractor management on projects and in the procurement of goods and services. It may be used with project management software.
VMS (Vendor Management System) is a fairly recent advancement in managing contingent labor spend. VMS is an evolution of the Master Service Provider (MSP) / Vendor-On-Premises (VOP) concept, which became more prevalent in the late-1980s to the mid-1990s when larger enterprises began looking for ways to reduce outsourcing costs.
Order to cash (OTC or O2C) normally refers to one of the top-level (context level) business processes for receiving and processing customer orders and revenue recognition. . Order to cash is an essential function in finance; the entire cycle of events happens after a customer places an order until the customer pays for the order; that is, the order is converted to c