As 2021 draws ever nearer, the truth remains 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.
(This post was originally published April 24, 2017. Updated May 29, 2018)
Managing contract compliance can be tough. It becomes even more difficult when important terms and clauses are buried deep within a contract. Times that by the thousands of contracts a company will manage and you can find yourself more frustrated than ever. Missing compliance can cost an organization much more than hefty fees and fines. Reputations could tarnish and deals could go down the drain. Your organization could be playing catch up for a while. Being able to meet compliance becomes a top priority. It becomes easier with the right contract management software in place.