Contract Management Blog Articles

In the fast-paced world of business, agreements are created every day. These agreements, known as contracts, often involve several different teams and can affect the arrangements, operations, and relationships between each of those parties. Knowing that it's almost impossible to keep track of each and every contract, the terms within them, and how they will impact your business both in the short and long term, it's a good idea to have a contract management solution to protect your business from "risky business". 

Though we may never be completely free of risks in day-to-day business operations, many of them can be proactively addressed to reduce negative impacts.

In the past, contracts are drafted, signed, and executed on paper, offering a standard source of legal authority that parties could agree to. However, with the rise of the internet and "work from home" setups, physical documents have become outdated and inefficient.

As the year comes to a close, 2023 planning is underway for many. If your organization has been waiting for the right time to invest in a Contract Lifecycle Management (CLM) solution, don't let the daunting process of legacy contract migration slow you down!

Drum roll please...

Today is the official launch of our newest product: Malbek Klix™.  A modern clickwrap solution that simplifies online agreements for everyone. 

A commitment to diversity, equity, and inclusion should be on every company’s radar. However, it's clear that some industries are slow to catch on to this notion. Enter JusticeBid: a legal tech company helps law firms and in-house legal teams harness diversity analytics to measure and improve their impact.

As we navigate the current economic downturn, there are a few changes many organizations are already preparing for, such as budget cuts and resource restructuring. Although the unpredictability of a recession can be daunting, it also presents newfound opportunities to optimize spending and improve processes that have a large impact on revenue.

To get some clarity and cross the contract AI chasm,  we have partnered with World Commerce & Contracting to conduct the first-ever, comprehensive benchmark study on the benefits, barriers, and usage of AI within contract management. In this part of our series "Crossing the Contract AI Chasm", we dive deep into our third trend: Post-signature contract management presents the most challenges for organizations. Many believe that well-integrated technology is the solution.

To get some clarity and cross the contract AI chasm,  we have partnered with World Commerce & Contracting to conduct the first-ever, comprehensive benchmark study on the benefits, barriers, and usage of AI within contract management. In this part of our series "Crossing the Contract AI Chasm", we dive deep into our second trend: contract automation is a priority in most organizations, but there’s still a lack of understanding of what can be achieved beyond efficiency.