Contract Insights

What is a digital signature? Is it not the same thing as an electronic signature?

We inhabit an ever-evolving technological landscape in which new and updated terminology and functionality are constantly presented. It can be confusing to know the differences between terms such as the two mentioned above. However, those differences are actually quite simple!

Familiarize yourself with these two terms. Discover how to utilize both eSignatures and digital signatures to establish a process that is:

• secure.
• user-friendly.
• compliant.
• and rapid.

Gathering signatures for a contract or agreement can be difficult without the proper tools. Outdated and slow signing methods can cause signature bottlenecks that delay contract execution. What’s more, high costs for wet signing and postage can decrease your bottom line.

Fortunately, there is a better way. Let’s discuss why electronic signature software within contract management software is awesome for your contract processes.

Gathering contract signatures can be a challenging task, especially when working with multiple signatories in various locations.  Signatures finalize contracts and propel their execution. This highly anticipated step can be delayed with manual processes that include scanning signed documents, emailing scanned contracts, signing with wet signatures, mailing contracts with wet signatures, and reorganizing signed contracts in shared drives - to name a few. Moreover, specific signatures can require notarization, which can further delay the signing process.  Read on to learn how eSignature software within contract management software can make contract signing quick and easy.

The age of legal operations digital transformation continues in 2023, with even more exciting digitization tools for business process automation available.  The more contract administration tools available to legal teams and contract administrators – however – the easier it is to fall behind.  With that said, let’s examine six tips for effective contract management in 2023 to get ahead with contract management software.

As a legal operations professional, you hold a tremendous responsibility within your organization – especially in managing internal and external stakeholder processes.  Relying on manual contract management processes such as spreadsheets, emails, and shared drives can create inefficient contract management processes that can decrease revenue, waste time, and increase risk.  Read on to learn how legal operations software and contract management software can empower your day-to-day legal operations.

An antiquated contract signing process can be exhausting and overly complicated.  However, tedium and headache are not the only consequences.  Organizations relying on paper-based printing, signing, wet signatures, drawn-out mailing times, and costly postage fees are essentially guaranteed to lose out on revenue, opportunity, and timeliness.  But why?  What's so good about a more modern contract signing solution anyway?  Read on to learn about what you are missing if you lack an advanced electronic signature software solution within contract management software.

It is easy to make your case for contract management software and its ability to positively transform contract lifecycle management processes.  With so many user-friendly contract management software features at your disposal, it can be overwhelming to plan precisely how to utilize contract management software for your organization's needs.  But it does not have to be.  To that end, here are four fundamental contract management software features to get you started with better contract administration in the age of legal operations digital transformation.

As contract management is a multi-faceted process with numerous steps and moving parts, it is easy for your organization to face problems.  This risk of contract management issues is significantly increased if your organization leverages manual or antiquated contract management tools.  To elucidate the CLM hardships you face and encourage growth - here is a list of six problems you might encounter in contract management.  After that, we can note how to solve such issues with contract management software.