Managing contracts takes a lot of time and effort, especially with the economy booming as we lead in to the year 2020. With this increased workload, contract managers need smarter ways to manage their contracts better. Legal professionals carefully review contracts with a sharp eye for details, excellent reading skills, deep comprehension, business acumen, and sufficient time management skills, but their process can be improved even more with new advancements in contract lifecycle management.
Creating Contract, Request, Bid, PO, Employee, and Vendor Records is unprecedentedly streamlined with Contract Insight's latest update. Drag and drop record initiation is now available out of the box that lets users easily import files from a variety of locations! This tutorial serves as a step-by-step guide to aid in the initiation and configuration of records in Contract Insight’s leading source-to-contract suite. Get started today with better usability and governance over your CLM system.
Artificial intelligence (AI) is already sharpening professional methods across a variety of industries. However, advancements in AI will be particularly advantageous as it applies to contract management systems - if fed a nutritious diet of contract data.
When implementing contract management software, organizations often have copious amounts of contract data that needs to be searched, analyzed, and populated into their new contract management system. Data extraction is a tedious task that can be time-consuming and overwhelming for contract management professionals. Leaving this task to software professionals who are familiar with data extraction, and who use AI technology to streamline data extraction processes, will allow for a better, faster implementation process. Discover five reasons why your organization should choose contract data extraction services.