Using AI in CLM: A Quick Guide
The rapid advancements in artificial intelligence (AI) have brought about significant transformations across various industries. One area where AI has made a profound impact is Contract Lifecycle Management (CLM) software. By leveraging AI technologies, CLM software has revolutionized contract management processes, empowering organizations to streamline operations, enhance decision-making, and maximize efficiency. In this article, we […]
How to Use Contract Technology to Streamline Legal Processes
Contracts help establish and maintain a company’s most important relationships with partners, vendors, and customers. As organizations have gradually come to realize the potential for well-managed contracts to add value outside of just the legal department, contract management has rapidly become a part of daily business practices. At its core, contract management involves creating, negotiating, […]
How Procurement Benefits from CLM Tools
Procurement is a critical function in every organization. The procurement team handles sourcing goods and services, negotiating contracts, managing supplier relationships, and much more. These duties are invaluable to the success of any business because they ensure that every department has what it needs to get the job done. However, procurement processes are often complex […]
Contract Management Software: 8 Key Features to Look For
Managing contracts can be a time-consuming and complex process that requires a lot of attention and resources. However, with the right contract lifecycle management (CLM) software, businesses can streamline their contract management processes, reduce costs, increase interdepartmental communication, and ensure compliance with industry regulations. Benefits of Using Contract Management Software Implementing CLM software provides businesses […]
4 tips to simplify the contract management workflow
Any contract management workflow includes a certain amount of steps and the effort of collaborators across the board. Since these tasks can contain many notes, conversations, documents, and supporting data, the main goal is to get the right information to the end-users. Consequently, you could be more effective by using CLM software like Koho to […]
Best Practices for Contract Management in Healthcare
Every hospital, healthcare facility, or sanitary institution needs to rely on CLM at some stage, especially during a global outbreak. Since these organizations have to keep running, manage resources, and handle workflows, contract management in healthcare is crucial to assure the demands of patients, workers, providers, and regulations amidst a crisis or everyday operations. Healthcare […]
Why is contract compliance important for better negotiations?
Establishing solid relationships with partners, vendors, and other actors are essential to any business. Although contract compliance is important and takes most of your resources, many companies spend too little on procurement. If you plan to have better negotiations, reduce risk, and not lose 9% of revenue, Koho software can help. Reasons why contract compliance […]
Agiloft vs Conga: What works best for your business
As technology advances, businesses face the dilemma of finding the best CLM software. Even though there are many automation solutions for contract management, most of them may be subpar. Using a recent Gartner report, we compare Agiloft vs Conga to evaluate how they match up. CLM software comparison: Conga vs Agiloft Since these options have […]
7 stages of contract management that you need to know
Nowadays, companies aim to be more cost-effective, productive, and maximize efficiency. You can do this using Koho like software, having a better understanding of the asset lifecycle, and learning how the stages of contract management serve in automation goals. What are the stages of contract management? To register and deal with assets’ complexities, you have […]
Customizable contracts: What you need to know about CLM software
Customizable contracts and templates serve as a distinct trademark. Since a multipurpose approach doesn’t take into account many negotiation’s needs, you have to do better. If you want to stand out from the competition, a CLM software can deliver unique legal agreements. CLM software for tailor-made contracts Statistically, 9% of proposals end in dispute across […]
