Contract Insights

Clause libraries have proven incredibly useful for advanced legal operations and contract lifecycle management – if appropriately implemented.  Unfortunately, your organization can mismanage your clause library with antiquated technology, manual clause tracking and clause storage, and the lack of an expeditious way to leverage clauses during contract authoring and contract negotiation.  Luckily, you can supercharge your clause library with user-friendly and robust contract management software.  Here's how.

Contract management teams hold a lot of responsibilities throughout the life of a contract.  Streamlined and organized contract collaboration is key to CLM success.  Without a clear-cut understanding of how the contract process should occur, contract management teams can encounter unnecessary contract risk, contract lifecycle bottlenecks, and decreased revenue.  As such, we have outlined the responsibilities of a contract management team and how these responsibilities can be centralized and organized with leading contract management software.

Contract review is one of the most critical stages in the life of a contract.  Unfortunately, many organizations are using obsolete contract management methods.  Manual and entirely paper-based contract review methods can lead to missed key dates and deadlines, missed opportunities, costly and damaging contract language oversights, and other harmful consequences and contract lifecycle bottlenecks for your organization.  Luckily, this blog post will examine the contract review process – as well as how one can improve contract review with AI-based contract management software.

Traditional contract data migration services can afford your organization tremendous headaches – to put it lightly.  Hidden expenses regarding aftermarket technology and labor costs, evolving storage requirements, questionable data security, poor data recovery measures, and low scalability involved with locally stored and manually implemented data migration can be detrimental.  Leave the tedium, risk, high costs, and wasted resources in the past in favor of web-enabled, self-serve data migration and export with contract management software.