Contract Insights

Modern organizations need contract management technology that adapts to their infrastructure—not the other way around. As security, data residency, and sovereignty requirements grow more complex across industries and regions, companies are prioritizing contract lifecycle management (CLM) solutions that offer deployment flexibility, strong governance, and full control over where and how contract data is stored.

Organizations may be hesitant to move from on-premise to software-as-a-service (SaaS) contract management solutions due to misguided presumptions. Such “myths” can be misleading and discouraging to potential software users, leaving them exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization. Conversely, cloud-based contract management software can streamline, unify, and automate legal operations. To that end, let’s set the record straight and debunk five prevailing myths about SaaS contract management.

In the age of digital transformation, organizations from a vast array of industries are switching from on-premise to web-based SaaS (software as a service) software deployment to streamline business operations.  Those using contract management software are no exception.  There are times when on-premise (deployed) contract management solutions are applicable.  However, on-premise solutions can leave organizations exposed to contract data loss, contract management software user errors, and the complication of contract lifecycle management process centralization.  Conversely, cloud-based contract management software can streamline, unify, and automate legal operations.  To that end, here are some perks of switching from an on-premise to a SaaS contract management software solution.

Managing various types of entertainment and media contracts from varying locations, often internationally, with multiple departments and roles can be an arduous process - especially when relying on disparate methods such as postal mail, wet-signatures, filing cabinets, emails, shared network drives, and lengthy paper-based negotiations.  Dealing with and tracking a high volume of contracts – from intellectual property contracts to option agreements, among many others - can be tremendously challenging without the right contract management system in place.