Contract Insights

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.

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.

Corporate compliance and risk management are critical for the success of a contract.  Organizations need to be aware of potential exposure to financial risk, legal penalties, breaches of contract, and other risks while adhering to industry laws, government regulations, internal policies, and other compliance rules.  Failure to do so can result in a lack of corporate compliance, contract failure, lawsuits, a compromised reputation, data leakage, and worse.  Luckily, organizations can leverage leading contract management software to enhance corporate compliance and risk management.  Here's how.

Did you miss any of our blog posts from January?  Don't worry; we have outlined each of them for you.  Stay up-to-date with industry topics, real-world case studies, and contract management and procurement best practices in February by reading the latest CobbleStone® content.