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 […]
4 steps for sales contract management automation
Sales contract management automation has become necessary for businesses that strive to succeed. Given that you want to streamline workflow, track deadlines/renewals, and leave manual procedures behind, CLM software is the right choice. What are the 4 steps of sales contract management automation to succeed? To keep up with massive amounts of current and pending […]
Why automation is key for contract compliance
When your business lacks a document automation program, manual procedures become inefficient, tedious, and likely to cause mistakes. Nowadays, companies that depended on contract compliance should know how to use technology in their favor. Once you apply a CLM solution like Koho Consulting, you can streamline drafting, execution, and storage. Increase contract compliance with a […]
What is a CLM software solution?
The need for automated processes has become a need for businesses. Especially for law firms that require more efficient document management. If you want to streamline your contract lifecycle, you should know that using CLM software means lower costs and better compliance. Discover why. Basic features of a CLM software CLM software can oversee thousands […]
What departments benefit from contract automation
One of the best ways to optimize your processes is by implementing contract automation in all your departments. If you want your business to grow, then you need to adapt to the new market requirements and challenges. While many believe that contract automation software can only benefit legal departments the truth is that with an automatic […]
Automation tools for improving the lifecycle of contracts
Have you ever considered automating your contract lifecycle? The benefits it can bring to your business make it an excellent investment. Automation tools can also optimize your processes, reduce risk, and improve productivity. No matter the industry, as a business owner; it is important to keep in mind that a good contract can define the […]
