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Main Reasons to Prioritise Legal Automation in 2022

Legal teams and departments face many different issues in 2022 than were faced in the past. The legal profession is hectic by nature, but automation, including legal contract automation, ...
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Supplier Contract Management Improvement: Best Practices and Ideas

Today, organizations have tens of thousands of vendors selling and using their supply chain. For example, the French Energy company, Total, as of 2021, had over 150,000 suppliers under ...
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The Pros and Cons Of Cloud Contract Management

4 to 6 weeks, that’s the amount of time - on average - that most organizations spent on negotiating a contract. It may take longer or shorter, depending on the complexity of the risk both ...
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LexisNexis Announces Acquisition of Contract Lifecycle Management Solution Parley Pro

Parley Pro strengthens CounselLink’s ELM platform by providing real-time contract collaboration, management, and negotiation; actionable analytics; and integrated, end-to-end automation, ...
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Contract Performance Monitoring & Management

When it comes to business dealings, contracts are necessary to help establish the terms of an agreement and prevent misunderstandings down the road. But what happens when things go wrong? ...
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How to Master the Contract Approval Process

The contract approval process can be a make-or-break moment for a company when it comes to contract management. If the process isn't handled professionally, it can lead to wasted time and ...
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How to Reduce Your Contract Cycle Time?

Almost every business has some kind of contract cycle time, whether it’s for new customers, renewing existing contracts, or invoicing. Reducing contract life cycle time can save your ...
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Make the Most Out Of Your Financial Contracts With Finance Contract Software

A contract is a binding agreement between two or more parties, and it's important to make sure that all details are ironed out before signing on the dotted line. That's where finance ...
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Contract Management VS Document Management

There is a lot of confusion between contract management VS document management. Some people use the terms interchangeably, while others see them as entirely different solutions. So, what is ...
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The Use Of Document Collaboration Tools for Productive Remote Work in 2022

The rise in remote work among businesses has created a need for a communication solution that allows teams to work together on contracts and other critical documents virtually. If your ...
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Phases of the Contract Abstraction Process and How Automation Can Help

Contract abstraction is the best way to consolidate contractual rights, liability, and obligations by pulling out key aspects from the body of the agreement. By implementing contract ...
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Contract Finalisation Procedures: What to Include in Your Final Contract

Contract finalisation is one of the most important stages in contract management. It's the moment when everything comes together, and your final contract becomes enforceable. However, it's ...
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