Contract Lifecycle Automation - End-to-End CLM Efficiency

    By Joshua Hansen on 12/14/22

    reading-minutes-icon-one-color 4 min read

    Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on manual processes.

    Managing the contract lifecycle can prove difficult with spreadsheets, emails, filing cabinets, and other disparate tools.

    Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and holistic contract lifecycle automation processes.  Thankfully, robust contract management softwarewith a foundation of AI and machine learning can help automate contract lifecycle management processes.

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    6 Elements of a Contract - An Easy-to-Understand Overview

    By Sean Heck on 08/25/22

    reading-minutes-icon-one-color 4 min read

    Business relationships power various industries within the public and private sectors. At the crux of virtually every business relationship is a contract. Contracts serve to cement the obligations, duties, and expectations of two or more engaged business parties.

    But what are contracts really? How do they work on a fundamental level?

    Let’s explore six key elements of a contract that are widely applicable to almost every business relationship – and why they matter for effective contract management.

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    The 3 Contract Management KPIs for Success

    By Maria Votlucka on 08/15/22

    reading-minutes-icon-one-color 3 min read

    Contract managers are under increased pressure to deliver value with reduced contract risks, decreased contract costs, and improved contract performance.  When you regularly measure the success of contracts against contract management KPIs, you can proactively readjust your contract strategy to ensure goal alignment drives critical and positive organizational impact.  Read on to learn how contract management software can help maximize three important contract management KPIs for success.

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    5 Key Advantages of Contract Management Workflow Automation

    By Joshua Hansen on 06/2/22

    reading-minutes-icon-one-color 4 min read

    Managing contracts can be challenging when you rely on primarily manual processes. Managing the contract lifecycle from requests to renewals can prove challenging with spreadsheets, emails, and other disparate tools.  Without accountability, visibility, a clearly defined process, and actionable insights, you can find yourself running into compliance issues, not realizing contract value, and encountering other contract management setbacks.  Contract management workflow requires careful planning, the right technology, and a well-thought-out contract strategy.  Read on to discover five key advantages of contract management workflow automation within contract management software.

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