Lease Management – the secret behind managing leases
Lease management or lease administration is the day-to-day execution of tasks related to a real estate company’s lease portfolio. This process involves reporting, document management, budgeting, coordinating between stakeholders, along with a host of administrative…
How to Train Legal AI Faster?
In the legal industry, the role of artificial intelligence (AI) in the legal industry is gaining ground. Organizations are using this technology to increase accuracy and speed across different stages of contract management, including drafting,…
Did work-from-home improve gender parity in the workplace in 2020?
Celebrated all over the world as International Women’s Day, March 8th holds special significance for the women’s rights movement. By employing more women in the workforce, organizations can proactively work towards bridging the gender gap…
How to easily and securely migrate your clients’ contracts to your contract management system or CLM
Even before COVID-19 wreaked havoc in the world, digital transformation was on the strategic priority list for organizations of all sizes, across industries. The pandemic only accelerated our reliance on digital technologies, increasing the adoption…
How to create efficiencies in contract management through digitization?
A company’s contracts are its lifeblood. Without contracts, companies would not be able to function efficiently. Contracts facilitate relationships between two or more parties while outlining measures for dispute resolution if required. Being a core…
How to make your lease administration process more scalable and cost-effective?
Until recently, several companies chose to overlook their property and asset leases beyond paying the bills. Leases were considered to be a cost of doing business, and lease term management wasn’t a priority. However, the…
Why you should outsource secretarial services and how to find the right partner
In the past couple of decades, the legal industry has witnessed consolidation in the global legal market, coupled with technological advancements. Industry leaders have a recurring item on the agenda: How to grow revenues over…
Contract extraction and migration: should you do it in-house or outsource to specialists?
Legal contracts are the lifeblood of a business and play an integral role in business relationships, be it clients, third-party vendors, business partners, or even service providers. However, these contracts are not often given their…