Contracts are legally binding - and thus need to be executed properly. As such, organizations should be 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 - 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 said requests are fulfilled - with the possibility of contract renewal. Learn about the eight stages of the contract lifecycle below.
The 8 Stages of the Contract Lifecycle
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 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
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How To Improve Legal Operations With Contract Management Software
In-house counsel, paralegals, and other legal professionals are eager to streamline legal operations with lower cost and increased ROI. As such, they should be happy to know that there is a way to optimize and centralize spend management, efficiency and productivity, communication, contract lifecycle management processes, contract data analytics, and more. Here is how to improve legal ops with leading contract management software.
Topics:
compliance
Contract Compliance
Contract Compliance Software
legal contract management
legal contracts
paralegal
tasks
legal filing system
legal document management software
Legal Workflow
legal workflow automation
legal requests
legal technology
General Counsel
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How Do I Build My Contract Lifecycle Management System?
Companies of all sizes within both the public and private sectors often find themselves maneuvering multiple contracts at once - with said contracts progressing at various stages of the contract lifecycle. As such, they must build an efficient, organized, and cost-effective contract lifecycle management process that helps with all stages of the contract lifecycle. Read on to learn how to get started building a strong and centralized contract lifecycle process - as well as how this undertaking can be significantly simplified and improved with the right strategy, rather than the cheapest and most manual.
Topics:
compliance
contract authoring
Contract Compliance
Contract Compliance Software
Contract Cycle Time
contract life cycle management
Contract Lifecycle
Contract Lifecycle Management
contract lifecycle software
Contract Lifecycle Stages
contract writing
E-signatures
eSignature
Maximize ROI with CLM
signatures
CLM
CLM ROI
Electronic Signature
electronic signatures
eSignatures
contract approval process
contract renewals
CLM Software
electronic signature software
IntelliSign
contract requests
digital signatures
digital signature software
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6 Critical Contract Management Tools for 2021
2021 has arrived, and with it comes new innovations to your contract management software processes. Keeping this in mind, we have outlined six critical contract management tools that your organization should equip itself with to stay ahead of future-minded contract management best practices in 2021 and beyond.
Topics:
Contract Compliance
Contract Lifecycle Management
contract lifecycle software
contract negotiation
contract repository
contract writing
contract writing solution
eSignature
Contract Management Software
VISDOM AI
Contract Artificial Intelligence
Strategic Contract Management
contract approval process
contract management software features
AI-Powered Contract Management Software
AI-Based Contract Management
contract management tools
IntelliSign
contract requests
OFAC
Contract Intelligence
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