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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.

📸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.

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.

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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.