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 […]
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 […]
Manual contract management vs automated CLM software
Now that automation of contract lifecycle management has become more accessible and customizable, companies can leave behind their old ways. Since this process can be quite slow, there is a greater need for more efficient solutions. That’s why we will compare manual procedures vs a CLM software. A CLM software solution to solve your problems […]
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 […]
