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 […]
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 […]
How do contract express solutions work?
Document automation is a great tool for businesses since it helps them become more efficient and productive. That’s why big and small firms can take advantage of a contract express solution. What is a contract express solution? A contract express solution automates your contracts and legal documents. If manual tasks and constant redrafting take precious […]
Understanding Contract Management
No matter the industry, contract management processes are a time-consuming aspect for every business. Nevertheless, there are many important factors regarding this issue that need close inspection and always leave a margin for error. As times change, your contracts and agreements need to adapt to new clients, circumstances and needs. However, these processes usually don’t […]
