Why the hybrid solution is better than owning software for contract data extraction
Data Extraction from contracts The old way of capturing essential data attributes from legal documents has been transcended, thanks to technology. It is difficult to
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Understanding procurement management, the simple way
A Procurement Management Process helps companies purchase goods and services from external suppliers, it further includes a series of activities and processes. The procurement management
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Contractual Breaches: secure yourself from a probable negligence
What is a breach A breach is an unjustified failure to perform the terms of a contract. It could include any kind of failures such
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Contract abstraction: Reduce cost while improving your contract functioning
Contract Abstraction A process of “abstracting” key dates, clauses, payment terms options, and other information from a contract into data useable by a Contract Management System.
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A Short Guide to Contract Risk
When a contract comes into existence, it automatically creates benefits and risks for contracting parties as it consists of many elements like consideration, offer, and
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Why there is a need for implementing a CLM solution?
Contract Management The role of contract management is evolving now. It’s not simply filing documents anymore; contract management entails understanding each facet of a contract’s
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How contract management software can help your sales team increase profitability?
Contracts are one among the difficult documents that ought to be evaluated befittingly, and if there isn’t a clear system for the solid review process
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Manage your contract obligations
What is a contract obligation? An obligation is a necessity, a bond, a guarantee; something that must be performed. Lawful wording stipulates the utilization of
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