Why the future of legal operations depends on digital transformation
As legal operations processes and legal technology standards evolve, it is important that organisations adapt accordingly. As contract complexity and contract volume grow, the fact that manual and outdated methods of contract
Contract management software for media and entertainment
Managing various types of media and entertainment contracts from varying locations with multiple departments and roles can be an arduous process – especially when relying on disparate methods such as emails, wet
What is contract administration?
Contract administration can bring forth a host of challenges. Between establishing a contract administration plan, following through with that plan within a set timeline, tracking contract financials, overseeing the contract lifecycle and
Contract Authoring – what you need to know to get started
Contract authoring is one of the most important stages in the life of a contract. An inefficient contract authoring process often relies on decentralised clauses, lacklustre compliance management and version tracking,
What is Contract Management software?
As your organisation grows, so do contract complexity and contract volume. This growth requires an improvement in contract processes. No matter which industry your organisation inhabits, your team will need to invest
Government contract management success from start to finish
Managing government contracts with disparate processes such as shared drives, email, disorganised documents, and disorderly spreadsheets can prove challenging and leave your organisation vulnerable to undue risk. Public contract managers
The eight stages of the contract lifecycle
Contracts are legally binding – and thus need to be executed properly. As such, organisations should be equipped with a thorough understanding of the contract lifecycle. The contract lifecycle is the
Contract Lifecycle Automation – end-to-end CLM efficiency
Managing contracts can be challenging for legal, procurement, and contract management professionals, especially when primarily relying on outdated processes. Managing the contract lifecycle from requests to renewals can prove difficult with spreadsheets, emails, filing
Three vendor management best practices for cutting costs right now
Managing vendors with manual and disparate processes such as spreadsheets, phone calls, emails, and paper-based filing systems can prove challenging. Without a centralised electronic process, vendor management workflow bottlenecks can
Three contract risk management tools to protect your organisation
Reviewing contract risk can be time-consuming, challenging,and stressful. Manually assessing risk factors can cost your organisation extra time and money while increasing the risk of inadvertent human oversights. While you can do
Procure To Pay software – how to select the right solution
Procurement departments can run into serious issues without the proper procure-to-pay tools. Lacklustre procurement strategies can bring unnecessary risk, dark purchasing, detrimental data inaccuracies, harmful supplier issues and a more drawn-out
Four must-have contract management system features
2021 has already brought many enhancements and innovations to contract management automation – and contract management technology will not stop enhancing contract management processes any time soon. Your organisation could be missing