Legal departments face ever-increasing pressure to deliver contract value and streamline legal ops with shorter contract lifecycle times and improved contract performance. Legal departments that regularly measure the efficacy of their contracts against KPIs can proactively calibrate their legal contract management process to improve organizational impact through goal alignment and goal attainment. Discover four crucial legal department KPIs in this article.
Electronic signatures are a must to streamline your contract management process. They allow organizations to create efficiencies that expedite preexisting processes and reduce financial costs. However, there are still individuals and organizations that question whether or not contract electronic signatures are legal and whether eSignatures will hold up in court. The question is valid; potential litigation is a serious threat to any organization. Judicial decisions and legal precedent in the United States have left very little ambiguity on whether or not contract electronic signatures are equivalent to handwritten signatures. Organizations that use eSignatures should take comfort knowing that the courts have been on their side since 1869.