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 an ‘organization’s annual revenue. This speaks volumes of the need for enterprise CLM deployment to…

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 clerical workforce and forget about it. Enough has been said about Contract Management’s risk mitigation…

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 digitizing CLM operations. As lockdown caused remote access to centralized CLM software – these are…

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 to comply with the frequently changing policies and standards swiftly. And avoiding these may result…

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, remarkable support for legal professionals in seamlessly navigating through various phases of a contract, and…

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 nature of the businesses. The plethora of new business models and a range of products,…

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 teams since it involves considerable investment and a lot of nuances, such as: Analyzing the…

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 the functioning of an AI tool is considered, it is indeed designed to operate autonomously,…

How LegalTech is Transforming Contract Management?

The legal industry had been technology laggards until now, but the pandemic situation, ever-increasing pressure, and rising expectations from the clients have compelled legal firms to automate legal processes, adopt new technology tools and a new generation of legal professionals are willing to embrace technology and rethink the conventional way…

Annual Kick-Off 2021– An event to celebrate the success of Team Cenza

Annual Kick-Off at Cenza is a day dedicated to celebrating the individual achievements of Cenza employees and the new milestones the company has accomplished. Year on year, we have been diligently observing the event, rain or shine, and thus, Cenza employees look forward to this day when we all gather…