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 […]
The Future Of Contracts
No matter what industry your business resides in, chances are you’re regularly dealing with contracts. Contracts are the backbone of business, allowing organizations and their clients to exchange goods and services while keeping all parties safe from potential litigation. It’s safe to say that any company’s current, past, and future contracts constitute a record of […]
The ROI of a CLM Tool
So, you’ve heard the buzz about the newest wave in legal-tech: CLM solutions. With contracts at the forefront of nearly every business agreement that takes place, finding ways to improve the quality and efficiency of the contracting experience should be at the forefront of every organization’s priorities. But, what exactly does a CLM tool bring […]
An Overview of Legalweek 2022
Legalweek is one of the most important and relevant conferences for legal professionals all over the world and throughout every aspect of the industry. Packed with panel sessions and key speakers, this conference allows anyone working in the legal realm to come together with peers in order to discuss recent developments relevant to legal professions, […]
Proverbs To Improve Contract Risk Mitigation
Proverbs have been around for nearly as long as words have, and these small pieces of wisdom are usually passed down through hundreds of years of generations. While most people see them as personal guidelines, businesses stand to learn something from a good proverb as well. Let’s take a closer look at a few business-friendly […]
Contract management: Fundamental elements
By nature, the handling of relationships among business partners needs a well-established set of working conditions. Consequently, an agreement ensures the parties involved benefit operationally and economically while meeting their goals. That is why knowing and mastering the contract management elements have become crucial. What are the key elements of contract management? To comprehend better […]
IT asset management tools: The definite guide
Successful and sustainable businesses can’t do without innovative technologies to keep in touch with market realities. Since software, hardware, licenses and devices are integral to everyday operations, you have to handle them properly. Hence, IT asset management tools are essential. Know the It asset management lifecycle looks like The understanding behind IT asset management tools […]
