ContractURL

12/08/2022

Burnout is real. It doesn't discriminate based on person or job title. Studies have shown that 62% of American workers show signs and symptoms and 85% of financial workers document signs.

With us being inside the world of finance, this is concerning. Everyone deserves to have a happy and fulfilled life - personally and professionally.

If you're experiencing: Chronic Stress, physical/emotional exhaustion, detachment, and feelings of ineffectiveness - please take a look at this article: https://buff.ly/2IBAFqJ

Take care of yourself, folks. There is a person behind this page - don't hesitate to reach out if you need someone to talk to.

12/07/2022

📸Team Member Spotlight📸

Introducing Dr. Demo Solaru - the big boss man!

Demo has been acting as the CEO of Parthenon Globalsystems, LLC for over 13 years and is the brains behind creating ContractURL. What he loves most about his role is conquering the challenge of creating the best technology that exceeds the expectations of our valued clients.

Fun fact - An alternate career path of his could have been standup comedy. Be careful if you hand him a microphone, you might not be able to take it away!

Besides delivering exceptional products to clients, his favorite hobby is golf⛳️. He's self-admittedly still improving his game, so if you have any tips leave them in the comments below.

12/06/2022

Contract lifecycle management vs. contract billing management:

What's the difference and which one do you need?

An easy way to interpret is legal vs. financial. Both are important and interplay with each other.

Contract Lifecycle Management (CLM) is - software that is used to manage the entire contract process, from creation to expiration and renewal. CLMs can reduce the reliance on legal teams to formulate a contract.

Contract Billing Management (CBM) is - software that tracks, connects, and reports on invoices created towards a contract. All relevant financial details on contractual obligations are what CBM looks to conquer.

Which one you need is ultimately based on your needs. CLMs are all about a single contract itself, while CBMs are focused on the past, present, and future financials of a contract.

If you have a large provider network and are struggling to track what was paid, deadlines, integration with the financial team, or what invoice payment belongs to what contract - a CBM might be exactly what you're looking for.

If you enjoy this content, don't be afraid to give us a follow or check us out at:
https://buff.ly/3E0aubJ

12/01/2022

⏰ Last chance!⏰

We're hosting a live product showcase today at 2 pm (est)!
Sign up here - https://buff.ly/3AEICZH

If you deal with the financial side of contracts and would like to control spending, monitor every aspect of a contract with a few clicks, and mitigate risk:

We might be a solution. Hope to see you there!

Welcome! You are invited to join a webinar: Let's Talk Controlling Contract Spend – ContractURL. After registering, you will receive a confirmation email about joining the webinar.

11/29/2022

Risk mitigation is of top priority when dealing with contracts. An unfortunate example of failure to minimize risk is the fiasco a Michigan hospital encountered.

In 2018, the hospital was forced to pay $84 million dollars after an investigation by the Department of Justice. Whistleblowers exposed certain physician contracts showing they received financial incentives in return for patient referrals. These financial and contractual matters went against the federal Stark law and the False Claims act.

With better systems to monitor and adhere to compliance, this could have prevented the litigation altogether.

So, what can you do to mitigate risk and avoid any legal troubles?

1) Enhance your contract visibility. Ideal tracking and visibility will allow all relevant parties to be on the same page in terms of deadlines, missed dates, and obligations.

2) Administer a strong compliance framework. Failure to adhere to federal law and contract requirements can put your organization at immense risk. Digital repositories and audits of existing contracts are two great ways to facilitate this.

3) Have a risk management plan in place. This will prepare you and your team for any risk factors that will pop up throughout a contract's life. This could include how you view risks, what is the best way to monitor them, and your response to one. Ask yourself - Can this be avoided, can we mitigate, should we accept, or should we transfer the risk?

Risk mitigation can be hard and filled with technicalities. Thankfully, if you're having issues with managing all the jargon and staying on top of contracts - software solutions exist to help.

If you like this content, give us a follow and leave a comment!

Source: https://buff.ly/2Nvlt1h

11/23/2022

Mark your Calendar 📆 - Dec. 1 at 2 pm (est) we're hosting yet another 30-minute live webinar.

What's in it for you? You'll get an inside look at how you can automate invoice reconciliation, ensure full contract utilization, and control contracts with endless details.

Sign up now - https://buff.ly/3AEICZH

11/22/2022

ContractURL is proud to be stationed in Cleveland, Ohio. Despite getting relentless lake effect snow from Lake Erie in the winter months and having a perpetual sports curse - there's no place else we'd want to be.

Cleveland's motto is progress and prosperity - and here at ContractURL we ingrain that into our own ethics.

11/21/2022

"A man is only good as his tools." - Emmert Wolf

Despite this being said over a century ago - this quote still holds true.

Contract management can be tedious in nature, but it doesn't have to be if you surround yourself with the proper tools.

Get well-equipped and add ContractURL to your tool belt.

Try ContractURL for free here: https://buff.ly/3X4Aw6r

11/18/2022

Deeply insightful article from Financial Times on how our pandemic has forced companies to work "faster, differently, and more wisely" in the world of contracts - and how technology could have a pivotal role.

"When contracts are automated and standardized, organizations can look across the entire ecosystem to identify places where they can reduce costs."

Relationships matter more than ever in an era of predictable unpredictability. Plus: six case studies

11/17/2022

⏰Last Chance⏰ to register for ContractURL's live webinar!

Today at 2pm EST, join Kurt and Andrew for an exclusive look at how you can never go over budget again, avoid accidental fraud, and never miss a payment.

Click here to register - https://buff.ly/3GotxiJ

You won't want to miss this - manage contracts like a boss!