27 Jun 23

The significance of tracking data points in contract management

Introduction Understanding the importance of effective contract management is essential for general counsels. By tracking and analyzing key data points throughout the contract lifecycle, they can make informed decisions and drive optimal outcomes. In this article, we will explore the critical role of data points in contract management and discuss…

20 Jun 23

How to create a CLM Software RFP: A step-by-step guide

Imagine you’re browsing Netflix, trying to find that perfect movie/show that you can watch while eating. You know exactly what you need, but finding the right movie/series can be frustrating. Similarly, finding the right vendor for procuring CLM Software can be overwhelming. Fear not! In this article, we’ll provide you…

13 Jun 23

Contract Law: Understanding Legal Agreements

Introduction to contract law Contracts are the backbone of legal agreements, serving as the foundation for countless transactions and relationships. As legal professionals, understanding the fundamentals of contract law is crucial to ensure the validity and enforceability of these agreements. In this article, we will delve into the key aspects…

22 May 23

KPIs for Successful Contract Management

Introduction Contract management plays a crucial role in the success of any business. It involves overseeing and optimizing the entire lifecycle of contracts, from initiation to execution and renewal. Effective contract management ensures that organizations adhere to agreements, minimize risks, and capitalize on opportunities. One way to measure and improve…

05 May 23

How to choose the right CLM Software

Great! You are looking for a new Contract Lifecycle Management software to streamline & automate your contracting operations. However, evaluating the numerous tools can be a daunting task, especially in a crowded CLM market. Choosing the right CLM software can make implementation seamless and improve productivity while choosing the wrong…

30 Jan 23

7 Expert Tips for Easy Contract Negotiation

Contract negotiation can be a complex and time-consuming process, but there are a few key strategies that can help ensure a successful outcome. Contracts often contain legal jargon and technical language that can be difficult for non-experts to understand, slowing the negotiation process. Additionally, contracts that involve multiple parties or…

General Counsels Turn to CLM to Combat Inflation

21 Apr 22

Transforming Healthcare: The Power of CLM Software

Discover how CLM software transforms healthcare by enhancing efficiency, and improving patient care through streamlined contract management.

26 Nov 21

4 KPIs for Contract Management Success

Contract managers in every organization are under constant pressure to design strategies that drive significant impact and deliver value in terms of cutting down on costs, time, and risks, thereby, improving overall performance. The optimal KPIs for contract management are built around “SMART” goals, which means the deliverables are specific,…

09 Nov 21

4 powerful ways to improve contract management

A sound contract management system requires executing standard best practices at all levels of an organization and making sure that the contract management process is complied with. Enterprise contract management software allows companies to improve business outcomes through automated contract management processes. The right platform can reduce risk, speed up…

30 Oct 21

5 Ways to See if Your CLM is Working

Given your busy calendar, it may be difficult to keep tabs on your company’s contracts, however, not properly managing your contracts, can result in serious legal, reputational, and financial risks. According to World Commerce and Contracting, inadequate contact management costs organizations 9% of their bottom line and can waste a…