The Malbek Blog

What is Contract Management Software? Contract management software is a digital solution that helps organizations streamline and automate the entire contract lifecycle – from creation and negotiation to execution, monitoring, and renewal. The best contract management software for companies is a centralized repository to store and manage all contracts securely while providing tools for collaboration, […]

In today’s digital age, the ability to sign documents electronically has become a necessity for businesses of all sizes. However, many people use the terms “electronic signature” and “digital signature” interchangeably, when in fact, they are distinct concepts with their unique characteristics and applications.  The rise of remote work and virtual transactions has been staggering […]

Managing contractual agreements is a critical function for organizations of all sizes. At the heart of this process are contract specialists – professionals who draft, negotiate, and monitor contracts between companies and external parties such as vendors, suppliers, and customers. There are over 50,868 contract specialists currently employed in the United States, reflecting the importance […]

Contracts form the backbone of all business relationships and obligations. Yet for many organizations, these critical documents lie scattered across file cabinets, local drives, email inboxes, and disconnected systems.  Why Do You Need a Central Contract Repository? A shocking 10% of contracts go missing entirely, according to Faulkner Information Services. This disorganized state prevents companies […]

Companies are constantly navigating complex agreements, and even the slightest oversight can lead to costly consequences. This is where AI contract review emerges as a game-changing solution, revolutionizing the way organizations approach this critical process. With its ability to analyze contracts at lightning speed, AI contract review promises to streamline workflows and fortify legal safeguards.  […]

Cutting-edge Generative AI Technology Set to Reinvent the Clause Playbook and Transform Contracting Operations Worldwide Las Vegas, NV — May 6, 2024 (GLOBE NEWSIRE) — Malbek, a leading provider of contract lifecycle management (CLM), is proud to announce the launch of Malbek AI Pro, featuring advanced Generative AI technology. This groundbreaking solution is set to […]

Published by Wiley, a must-read guide through the CLM landscape with ease and clarity. Princeton, N.J., April 18, 2024 (GLOBE Newswire) — Malbek, a leading provider of contract lifecycle management (CLM) solutions, is thrilled to announce the publication of the much-anticipated book, ‘Contract Lifecycle Management (CLM) For Dummies.’ Co-authored by Matt Patel, COO and Cofounder […]

In the labyrinth of lengthy contracts lie hidden clauses, crucial dates camouflaged amidst block letters, and subtle regularities buried within pages. A seemingly insignificant date tucked away in small font on page 40 of a sprawling 100-page document may only reveal its importance in hindsight. Yet, even a single oversight of such significance can potentially […]

Contracts are more than just legal formalities: they are repositories of invaluable data that hold the power to drive strategic decision-making, mitigate risks, and uncover hidden opportunities. However, this treasure trove of information often remains buried, trapped within the confines of unstructured documents. This is where contract data extraction comes into play, a process that […]