Contract management is an ever-evolving process, where strategy is required throughout each phase of the contract lifecycle — from the very beginning at contract intake, to the very end at expiry or renewal. Oftentimes after a contract is signed and fully executed, the contract and associated documents are stored and…

Contract automation provides numerous benefits to contract management. But you might be wondering, what exactly is contract automation and why would my business benefit from it? We’ll explain this along with how it works in this blog. Contract Automation Defined Contract automation is a feature provided by contract management software that allows legal…

Easy to Use Dashboard Centralized Storage Advanced Search Feature Automated Alerts E-signature Integration Templates for Quick Start Workflows to Automate Tasks The modern and revolutionary technological advancements available today have completely changed the game in contract management. Contract management software is a powerful tool that can alleviate all of your…

What is procurement? Procurement is the process of obtaining goods or services from an external source that are essential to the growth of your organization. Companies worldwide engage in the procurement process through a tendering or a bidding process. Procurement is often confused with common purchase; this confusion could arise…

Many businesses and organizations wish to optimize their contract lifecycle management strategy and are unsure where to start. For many, there’s a rapid influx of demand placed on their organization, resulting in the need for more control over their growing contract portfolio. For others, there’s a specific mishap that occurred…

At some point, every business has to deal with creating and managing contracts. Contract life cycle management, or CLM, isn’t exactly the most riveting part of the sales process. However, it is important to do and do well for your company to succeed. Your organization needs to be making sure…

Artificial intelligence (AI) is an incredibly powerful tool, capable of rapidly increasing and maximizing results in both contract review and contract management. AI can be implemented to offload specific tasks within the contract lifecycle. Such tasks, while they are required and inherently critical to the process itself, can be tedious…

Contract lifecycle management is the process of overseeing every step of a contract’s lifecycle, ensuring that tasks and obligations in each step are properly completed from contract creation until contract expiration. By leveraging contract lifecycle management services, you can streamline every step of the contract lifecycle with several advanced features…

Organizations have many business relationships dictated by contracts and conditions. It is extremely difficult to keep a methodical record of contractual clauses, provisions and obligations when the volume of contracts is high. …