Contract Management – News, Views, and Analysis

SpectrumCLM Team

Recent Posts

What Makes an Exceptional Contracts Manager?

Posted by SpectrumCLM Team on Nov 5, 2018 2:40:34 PM

Are you on the fast track?  Panel discussions with GovCon Contracts Leaders unearthed several steps you can take to make a true impact on your organization.

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5 Strategies to Secure Funding for GovCon Contract Management Software

Posted by SpectrumCLM Team on Jun 28, 2018 4:17:25 PM

Most Finance and Sales departments got their software in the 1990s and early 2000s—Now it is your turn, right? Unfortunately, Contracts departments are often the last to receive software support, but it does not have to be that way.
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4 Ways Contract Management Drives Enterprise Value

Posted by SpectrumCLM Team on Jun 4, 2018 1:38:43 PM

The Contracts Department is a key driver of enterprise-wide value, not just an isolated silo. To excel in an organization, contracts leaders must work with executives and colleagues from other departments to impact the following value drivers.
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How Your Peers Secured Funding to Upgrade Their Contracts Software

Posted by SpectrumCLM Team on Apr 30, 2018 4:36:06 PM

A record number of GovCon companies are upgrading their Contracts software. Yet, some are still struggling to secure funding. So, what have successful contracts leaders done to get the budget they need?  
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Do's & Don'ts of Networking in the GovCon World

Posted by SpectrumCLM Team on Apr 2, 2018 9:14:38 AM

In the federal segment, everyone seems to know someone who knows someone, but there are certainly some standout leaders who seem to make the world smaller. We reached out to several of those leaders to provide you with the following do's and don'ts of networking.

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How a Contract Management System Benefits the Whole Organization

Posted by SpectrumCLM Team on Mar 5, 2018 11:29:58 AM

Government contracts teams support a broad array of both internal and external customers.  It is critical for them to have the ability to provide accurate and timely data to support those customers' needs.  They are the central resource for reporting on data requests based on contractual documents. 

A contract management system can be a valuable tool, not just for the contracts team, but for the entire organization.

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Preparing for a Contractor Purchasing System Review (CPSR)

Posted by SpectrumCLM Team on Feb 5, 2018 9:33:01 AM

Compliance does not have to be complicated. For many in the government contracting world, the thought of a Contractor Purchasing System Review (CPSR) is a bit overwhelming. By taking proactive steps to prepare for such a review, you can alleviate a lot of undue stress for your contracts team, as well as the rest of the organization.

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The Value of Risk Mitigation

Posted by SpectrumCLM Team on Jan 5, 2018 2:31:21 PM

In 2016, DOD IG drove:

  • 48 arrests
  • 171 criminal charges
  • 81 debarments
  • $1.5 billion in settlements for the government

DCAA, GSA, and agency IGs and COs drove numerous other penalties and settlements.  

Most firms have the goal of "increasing compliance," but the representative business case below should help shed some light on the true value of risk mitigation.

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Contract Management System ROI

Posted by SpectrumCLM Team on Jan 2, 2018 11:52:46 AM

When it comes to making an investment decision in software and other tools, the C-level executives, especially the CFO, want to clearly understand return on investment (ROI). Demonstrating lost productivity by tracking hours spent on tasks that can easily be automated is a key step.
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How Mature is Your Contracts Organization?

Posted by SpectrumCLM Team on Dec 29, 2017 9:14:12 AM

How mature is your contracts organization?  Are you using paper files, spreadsheets, or a compliant contract management system fully integrated with your ERP and CRM?

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