Defining the metrics to measure the ROI of Contract Lifecycle Management
Automation of Contract Lifecycle Management (CLM) is vital to gain intelligence and make a business more profitable in today’s digital era. A report by IACCM has cited that poor management of contracts costs 9% of…
How to adopt Effective Contract Management for your organization?
Contract Management often considered a back-end legal operation that has nothing to do with critical business impact, can be the most significant engine of an organization. Organizations can no longer relegate it to the junior…
Top Trends in Contract Management That Are Defining The CLM Landscape
Digital Contract Management is here to stay. The need for adopting technology for enabling efficient contract management practices was already existent, and the pandemic has only expedited the same. Gone are the hesitant moves towards…
Alternative Legal Service Providers – An ally to embrace
The legal industry, as with any other industry, faces tough competition. And this puts it under constant pressure to deliver substantial value to its clients and outperform the competition. Adding to this, it also has…
Why should lawyers train your Contract Negotiation AI platform?
Artificial intelligence is indeed the go-to technology for automating repetitive, time-consuming tasks, and contract redlining is no exception. AI-powered tools have been making an impact in every sphere of Contract Lifecycle Management (CLM), including redlining,…
Top 30 global Contract Lifecycle Management Providers that you should know of
With a phenomenal upward trend over the last decade, the contract management industry has evolved into a critical business-shaping legal function. Global enterprises needed to craft new contract structures to match the rapid and dynamic…
Contracts Migration Consulting: Better outcomes on CLM migrations
The sheer volume of contracts to be migrated to a Contract Lifecycle Management (CLM) system is immense in a corporate environment. The requisite to digitize them is indeed overwhelming for the decision-makers and their legal…
Why is human-machine collaboration critical for contract analysis AI tools ?
Artificial Intelligence (AI) plays a crucial role in enhancing the efficiency of Contract Lifecycle Management (CLM) systems by adding the ability to seamlessly track key terms and clauses in a digital contract repository. However, when…