Being able to manage contracts effectively is crucial to improving compliance when dealing with customers, partners, and vendors. By using the methods and theories of efficient contract management, businesses and brands can build stronger relationships with partners and create and
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, has the potential to free up many billable and non-billable hours.
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 contract. Each one exposing them to risk, each one exposing them
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 parties are agreeing to and
Parley Pro strengthens CounselLink’s ELM platform by providing real-time contract collaboration, management, and negotiation; actionable analytics; and integrated, end-to-end automation, reducing contracting time by up to 40%
NEW YORK, May 9, 2022 – LexisNexis Legal & Professional, a leading
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? This is where contract performance monitoring comes in. It helps
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 money and missed opportunities. However, if mastered, it can
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 business time and money. Besides, it frees up time from low-value activities
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 contract software comes in. By providing greater visibility
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 the difference? And which solution is right for your business? In