Why CLM solutions are the “holy grail” to truly get arms around all aspects of your contracts
Contract life cycle management systems (CLM) allow users to centralize contract storage and management, plus aid in the creation of new ones that fully comply ...
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An arduous step overlooked when initiating a CLM implementation
For a small organization with a quantum of 10-50 contracts, it is quite feasible to go back to their contracts and review their time and ...
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Why do you track “Term” from your contracts?
If your organization has hundreds and thousands of contracts flooded around you, I am sure you would miss tracking at least one key obligation out ...
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Automation is changing “nice to have” into “must have” requirement
In the last few years, all industries have been benefiting from an increase in automation, from robotics to software and Artificial Intelligence (AI) solutions to ...
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Automated Contract Abstraction and Management Benefits
In today’s fast-paced business environment, legal and compliance teams are under increasing pressure to manage contracts efficiently, ensure compliance, and mitigate risk — all while ...
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3 V’s of Big Data
The extremely large amount of complex data set which is difficult to process by traditional systems is called big data. This data is being produced ...
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Challenges in migrating legacy agreements into a CLM system
To gain increased and immediate benefit from contract management systems, it is important to extract and load metadata from legacy agreements. But many find that ...
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Can software alone be the answer for your contract abstraction needs?
The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. we hear about Artificial Intelligence (AI), we hear ...
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