Organizations of all sizes face the need to juggle multiple contracts simultaneously, with each contract being at a different stage of the contract lifecycle. Leading contract management software reduces risk, improves productivity, and maximizes a contract's value. But what is contract lifecycle management? Read on to find out!
What is Contract Lifecycle Management?
Topics:
Contract Compliance
Contract Compliance Software
Contract Lifecycle Management
contract negotiation
contract writing
contract writing solution
Contract Management Software
CLM
electronic signatures
contract approval process
contract renewals
electronic signature software
IntelliSign
contract requests
Continue Reading
The 8 Stages of the Contract Lifecycle
Contracts are legally binding - and thus need to be executed properly. Organizations should equip themselves with a thorough understanding of the contract lifecycle. The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - potentially - renewed. The "lifecycle" is an archetype used to compartmentalize and understand a contract's complex evolution. The lifecycle begins with contract requests and concludes when these requests are fulfilled - with the possibility of contract renewal. Let's further explore the eight stages of the contract lifecycle below and how contract management software can help streamline your contracting processes.
Topics:
CLMS Return on Investment
compliance
contract authoring
Contract Compliance
Contract Compliance Software
contract life cycle management
Contract Lifecycle
Contract Lifecycle Management
contract lifecycle software
Contract Lifecycle Stages
Contract Management Process
contract negotiation
Contract Stages
contract writing
contract writing solution
e-sign
E-signatures
eSignature
Contract Management Software
Maximize ROI with CLM
signatures
CLM
CLM ROI
CLMS
Electronic Signature
electronic signatures
eSignatures
contract approval process
contract renewals
CLM Software
electronic signature software
IntelliSign
contract requests
legal requests
Stages of the Contract Lifecycle
The Stages of the Contract Lifecycle
Continue Reading
Your CLM Platform - How to Set Sail Toward Better Contract Management
Navigating your CLM Platform can be difficult if you aren't equipped with a thorough understanding of the contract lifecycle. The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - possibly – renewed. The "lifecycle" is an archetype used to characterize and understand a contract's complex growth. The lifecycle voyage begins with contract requests and ends when said requests are achieved – with the feasibility of contract renewal. With so many complex processes involved in contract lifecycle management, it can be easy to sail toward the treacherous waters of contract mismanagement. With a strong sense of how to leverage leading CLM software, however, you can quickly get your legal operations sea legs! Read on to learn how you can set sail toward better contract management.
Topics:
contract authoring
Contract Compliance
Contract Management Solutions
contract negotiation
CLM
contract approval process
contract requests
contract obligations
contract signatures
Continue Reading
7 Vital Legal Contract Management Software Tools for 2022
It remains true that general counsel and paralegals continue to encounter growing contract complexity and volume. An ineffectual legal contract management process makes obstacles for legal departments tough to overcome. Here’s how to leverage seven legal contract management software tools for a streamlined legal contract lifecycle, reduced risk, and minimal contract lifecycle bottlenecks and delays.
Topics:
Ad-Hoc Reports
contract authoring
Contract Compliance
contract negotiation
contract writing
legal contract management
paralegal
reports
risk management
Contract Reports & Analytics
VISDOM AI
contract risk
contract approval process
contract generation
legal document management software
Contract Management AI
AI-Based Contract Management
document assembly
Legal Workflow
contract requests
legal requests
OFAC
Continue Reading
