Costly Consequences: How Poor Contract Management Can Hurt Your Business

Are you constantly feeling stressed out about your company contracts? Do you feel overrun by potential risks and incoming complaints from both customers and internal employees? Maybe you’re struggling to find a way to dig into your contract data and start getting more from your extensive backlog of legacy contracts. If any of these scenarios […]

Contract Breakdown: The Role of CLM in Different Contract Types

Contracts are the heart and soul of an organization. They dictate both internal and external interactions, outlining the terms of every agreement that takes place between the company and its employees or outside parties.  Knowing the different types of contracts at work within your organization is a vital part of formulating an effective contract management […]

GenAI Continues to Spark More Growth in the Legal Technology Market

It’s no secret that legal technology has been on an incline in recent years. However, recent studies indicate that the industry could experience another sizable spike in growth thanks to the advancements taking place in Generative AI (GenAI) technology. In this guide, we will cover some of the newest data about the connection between GenAI […]

CLM Readiness Checklist

In the scramble to stay up to date on all the most relevant technology, many businesses fall into the common trap of purchasing the wrong tech solution. Technology is a huge investment, so having a solution that doesn’t fit the needs of your business can be even worse than having no solution at all.  Whether […]

Knowing When You Need a CLM and How to Find the Right One

More and more businesses have started to make CLM tools part of their contract management. But what are the signs that your business should start looking for a CLM? And how do you know how to pick out the right tool from the hundreds currently available on the market? Read on to find out! 10 […]

Contract Efficiency: Enhancing Workflow for Better Results

Did you know that your organization could be losing up to 9% of its total annual revenue due to poor contract management? Now more than ever, it’s important for companies from all industries to take a hard look at their contract processes and find ways to bring efficiency back to contract management. One of the […]

8 Benefits of Implementing a CLM Tool for Procurement

Every day, organizations rely on their procurement teams to get them the supplies they need to get the job done. The procurement department should be responsible for enabling other teams, but what happens when procurement processes become an overly complex, time-consuming mess? Data gathered by McKinsey & Company indicates that organizations waste up to 4% […]

9 Tips for Buying a CLM Software for Now and the Future

With contracts forming the backbone of business operations, organizations need robust tools to manage every aspect of the contract lifecycle effectively. However, choosing the right CLM software is not a decision to be taken lightly. It requires careful consideration of both current needs and future scalability. In this guide, we’ll discuss essential tips for purchasing […]

The Future of AI and Its Impact on Legal Professionals’ Efficiency

contract heroes with damien riehl, AI, SALI, legal tech

In one of our first ever live-streamed episodes of Contract Heroes, we had the opportunity to chat with none other than Damien Riehl. Though he started out as a musician and teacher, Damien eventually decided to switch from breaking up fights in the classroom to breaking them up in the courtroom instead. He is currently […]

6 Lessons to Use in Your CLM Implementation

Whether you’re getting ready for an upcoming CLM implementation or still in the earliest stages of building your CLM business case, these 6 lessons will help you and your organization facilitate a successful implementation and make the most of your selected software. 1. Define Implementation Failure You’ve no doubt heard about how important it is […]