Contract Insights

TL;DR

• Cloud vs. On-Premise CLM: Both deployment models offer the same core contract lifecycle management (CLM) functionality, integrations, and security - but differ in scalability, control, and IT ownership.
  
  
• Choose SaaS CLM for speed and scalability: Cloud-based CLM enables fast deployment, automatic updates, lower upfront costs, and remote access. It's ideal for growing, distributed enterprise teams.
  
  
• Choose On-Premise CLM for control and compliance: On-premise deployment provides maximum data sovereignty, customization, and alignment with strict regulatory or internal IT requirements.
  

TL;DR

• Strong redlining and version control determine how efficiently teams negotiate and manage risk.
  
  
• Scalable complex approval workflows foster the movement of contracts without bottlenecks while maintaining compliance.
  
  
• Effective clause library management and the right cloud and on-premise deployment choice drive long-term governance and flexibility.

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.

Why do you trust your software provider?  Is there any specific criteria by which you measure a software system’s trustworthiness in protecting sensitive and confidential data such as PCI (payment card information), PII (personally identifiable information), employee information, client details, vendor data, and vital contract data?  With increased risk of data and security breaches, especially during such uncertain times as these, you should be confident that your information is stored on a trusted platform.  Read on to learn how to use such a trusted platform, along with the importance of SOC compliance.

The emergence of cloud-based technology has positively transformed the way contract management and procurement professionals have navigated their organizations’ source-to-contract software – but how?