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The Malbek Blog

The go-to resource for contracting insights, best practices, and CLM industry related news. Don't miss out on the weekly content!

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contract performance management
Lizzy Painter

Contract Management KPIs – Measure Contract Lifecycle Management Performance

According to data collected by World Commerce & Contracting, effective contract development and management has the potential to save companies an impressive 9% of their annual revenue on average. However, despite this significant opportunity for improvement, many organizations continue to experience value leakage years later. This persistent issue highlights the critical importance of implementing and

Contract Administration
Lizzy Painter

Contract Administration Software – Why is it Critical Today?

As organizations engage in a growing number of commercial relationships, the need to efficiently manage contracts throughout their lifecycle has become paramount. Contract administration encompasses a wide range of activities, from negotiating terms and conditions to ensuring compliance and maximizing performance. When done right, it can mitigate risks, improve profitability, and strengthen partnerships. However, traditional

Malbek Announces Partnership with ZS to Enhance Customer Success for Life Sciences Customers
Lizzy Painter

Malbek Announces Strategic Partnership with ZS to Enhance Customer Success in Life Sciences Industry with Advanced CLM Solutions

September 24, 2024, Princeton, NJ (GLOBE Newsire) — Malbek, a leader in Contract Lifecycle Management (CLM) solutions, is pleased to announce a strategic partnership with ZS, a global management consulting and technology firm. With successful global deployments across industries, including Life Sciences, Financial Services, Technology, Services, Manufacturing, CPG, Telecom, Energy, Oil, and Gas, this collaboration

Unilateral vs Bilateral Contracts - Insurance Offeree
Jonnie Castorino

Unilateral vs Bilateral Contract Management – What’s the Difference?

Imagine you’re a contract manager tasked with overseeing various agreements, from supplier contracts to employee agreements. Some contracts require both parties to take action, while others bind only your company to fulfill a promise. Do you know the difference between these two types of contracts and how to manage them effectively? In business, contracts form

clm best practices
Ed Breault

7 Contract Lifecycle Management (CLM) Best Practices

Contracts are the foundation of business. They define every dollar coming in and going out of your organization. Yet for many companies, contract management remains a cumbersome, disjointed process that exposes them to unnecessary risk, delays, and value leakage. Implementing contract lifecycle management best practices is critical to overcoming these challenges and transforming contracts into

SaaS Contract Management - Blog Image
Ed Breault

SaaS Contract Management Software: A Comprehensive Overview

With the SaaS industry expanding by approximately 500% in the past seven years, SaaS contracts have become the lifeblood of modern business operations. These agreements govern everything from pricing and service levels to data privacy and security. Poorly managed contracts can lead to significant financial losses for organizations. According to research by World Commerce &

Colin Levy

Contracting Process – How Can CLM & AI Streamline Workflows

In today’s fast-paced business environment, efficient contract management is crucial for organizations of all sizes. The contract lifecycle management process has become an essential component of successful business operations, helping companies streamline their workflows and improve overall efficiency. This article will delve into the intricacies of the contracting process, explore the stages of contract management,

Enterprise Business Intelligence Software
Jonnie Castorino

Enterprise Business Intelligence Software – Gain Insight Using CLM

Contract management teams are under increasing pressure to deliver insights that drive strategic decisions and improve bottom-line results. This is where contract business intelligence comes in. By leveraging the power of enterprise BI solutions, contract management professionals can unlock the full potential of their contract data, gaining unprecedented visibility into risks, opportunities, and performance. Enterprise

clause library software
Colin Levy

Clause Library – Ensure Compliance & Streamline Your Workflow

A contract clause library is a centralized repository of pre-approved, standardized clauses and provisions that can be easily incorporated into contracts. By leveraging a library of common contract clauses, organizations can significantly reduce the time and effort required to draft, review, and execute agreements. With a well-structured library, you can ensure that every contract adheres