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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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Ensure confidentiality in your contracts by understanding what is an NDA.
Ed Breault

NDA Agreement & CLMs – What is an NDA? How Do NDAs Work?

Non-disclosure agreements (NDAs), or confidentiality agreements, are essential legal tools to safeguard sensitive information shared between parties. These contracts outline the responsibilities and obligations of the individuals or organizations involved, ensuring that confidential data remains secure and is used only for its intended purpose. NDAs are vital in various business relationships, such as partnerships, employee

SOW definition in business
Jonnie Castorino

SOW (Statement of Work) – Definition, Utility & Examples

What is SOW in business? Imagine a detailed roadmap that guides both client and vendor through the twists and turns of a project journey. This critical document outlines specific work, deliverables, timelines, and costs, serving as the North Star for all involved parties. The SOW definition in business extends beyond a mere checklist; it’s a

CLM implementation
Lizzy Painter

CLM Implementation – How to Set Up Your CLM Fast & Easy

Contract Lifecycle Management (CLM) implementation is the process of deploying a CLM solution (or upgrading the existing one) to manage an organization’s end-to-end contract processes. This involves configuring the software to meet the company’s specific needs, migrating existing contracts, integrating with other systems, and training users. Implementing a contract management system is crucial for streamlining

what is a clinical trial agreement
Lizzy Painter

Clinical Trial Agreement (CTA) – How Can a CLM Help to Do it Right?

Clinical Trial Agreements (CTA meaning medical agreements and not Call-To-Action, which is an often used marketing term) are fundamental to the successful execution of medical research. These legally binding documents serve as the cornerstone for collaboration between sponsors, research institutions, and investigators. CTAs, also known as Clinical Study Agreements (CSAs), outline the terms and conditions

software for pharmaceutical companies
Jonnie Castorino

Pharma CLM – What is Critical in Pharma Contract Management?

The healthcare sector accounted for a significant 11.8% of the global contract management software market share in 2020, highlighting the growing importance of pharmaceutical software solutions in the industry.  From research collaborations and clinical trial agreements to licensing and supply chain contracts, pharma companies must juggle a multitude of agreements while ensuring compliance with stringent

Jonnie Castorino

Malbek Launches Vertical Power Pack Industry Solutions on CLM Platform  

New Purpose-Built Industry Packages Transform the Speed, Accuracy, Compliance, and Ease of Doing Business for Customers.   Princeton, NJ — October 10, 2024 (GLOBE NEWSIRE) – Malbek, a leading provider of contract lifecycle management (CLM), is thrilled to announce the launch of our new Malbek Vertical Power Packs featuring industry-specific capabilities to meet the unique challenges

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