tractFile Tips and Techniques

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How Contract Management Can Help the Health Industry

In light of the recent cyber-attack on the NHS, it’s important to recognize that services across the world must be taking more steps to ensure that management is protecting their healthcare contracts with reliable systems. Healthcare services have to deal with multiple layers of healthcare contracts and important legal documents, such as physician contracts, service [...]

By |June 6th, 2017|tractFile Tips and Techniques|0 Comments

Thinking Contracts: AI and Contract Management

Before AI A contract in it’s simplest form is an agreement between two parties in which each side is responsible for fulfilling their part of a bargain. In the days when all you needed for business management was to trade your cow for so many bushels of corn, things were relatively cut and dry. But [...]

By |April 7th, 2017|tractFile Tips and Techniques|0 Comments

The Importance of Writing a Good Contract

Contracts form the basis of many businesses and are so commonplace that they can sometimes be relegated to simple boilerplate status. Since they define so much of our work, it’s important to remember to treat them with the respect they deserve. This blog post will reflect on some of the most important aspects of contract [...]

By |November 29th, 2016|tractFile Tips and Techniques|0 Comments

Using Tractfile to Manage Land Leases Within Oil and Gas Industries

There’s a lot at stake when you take into account how complex energy project planning really is. As an oil or gas business, you’ve got to cover legalities and negotiate several contracts which oversee key relationships between government officials, production crews, investors and corporate managers. All parties involved in energy projects have to determine which kind [...]

By |November 6th, 2016|tractFile Tips and Techniques|0 Comments

Why a Contract Management System Is Critical

Have you ever hovered humbly over your filing cabinet or pored over an unwieldy spreadsheet and wondered if there is a better way to manage your contracts? Managing contracts is an important part of your business and you have to be sure that you are fulfilling your obligations to your suppliers and employees. Of course, [...]

Standardized Agreement Templates Save Time and Money

As has been previously mentioned in this blog, contracts are everywhere in business, so making sure they are optimized to your business requirements is a major part of the contract process. There are four main elements to a contract; an offer, acceptance, consideration and intention: The Offer – The initial proposal to provide goods or [...]

By |June 22nd, 2016|tractFile Tips and Techniques|0 Comments

The benefits of linking cloud-based document storage with a CMS for easy management of contract data

The benefits of Contract Management Software (CMS) are widely known, but in a nutshell, they enable a company to streamline their operations, and where previously several different employees were charged with several different types of software, now these separate processes can be consolidated into one easy-to-use solution. This can potentially result in streamlined workflow, reduced [...]

By |June 9th, 2016|tractFile Tips and Techniques|0 Comments

Reduce Business Risks with Contract Management Software

Business is all about risks. Whether you are a small business owner contemplating opening a second location, a Silicon Valley venture-capitalist on the lookout for the next big thing, or a multi-billionaire ruminating over entering the race to bring space tourism to the masses, your future could depend on the risks you take and how you [...]

By |June 6th, 2016|tractFile Tips and Techniques|0 Comments

The High Cost of Misplaced Agreements

Failure to properly manage and keep track of contracts can give rise to huge problems and costs for a company and result in loss of intellectual property rights, loss of protection from supplier or employee errors, and reduced legal rights in the event of contractual disputes. When a contract is lost or misplaced, the company [...]

By |June 6th, 2016|tractFile Tips and Techniques|0 Comments

How an E-Signature Process Can Save You Time and Money

Software-based contract management systems have literally revolutionized the way business gets done today. One of the biggest advantages to your business, in terms of time and money saving features, is the e-signature (electronic signature) process. Essentially, the e-signature eliminates the need to track down individuals whose signature you need on a given contract or other [...]

By |May 21st, 2016|tractFile Tips and Techniques|0 Comments