The Malbek Blog

“Switching from manually written, Word-based legal documentation to digital e-contracts feels like putting down the ink pen and using a typewriter instead.” – Everybody who ever tried Digital Contracting. Traditional paper-based contracts are being replaced by electronic contracts, also known as e-contracts or digital agreements. Electronic contracts are legally binding agreements that are created, executed, […]

The way organizations handle contracts is undergoing a profound transformation. For years, traditional CLM systems have relied on rigid interfaces, manual workflows, and fragmented processes. But that’s changing and we’re now witnessing the dawn of a new era—one where Agentic AI is revolutionizing how we interact with contracts through natural, conversational interfaces. This paradigm shift […]

PRINCETON, NJ – March 12, 2025 (GLOBE) — Malbek, a leader in Contract Lifecycle Management (CLM) solutions, today announced the first-to-market launch of its Conversational Contracts, a comprehensive system of connected Agentic AI and UI-less functionality orchestrated by Bek with its innovative Ensemble LLM approach. This groundbreaking technology will transform the entire contract lifecycle from […]

Remember when contract management meant endless stacks of paper and manual reviews? Those days are long gone. AI isn’t just assisting with contracts anymore – it’s completely changing the game. The numbers tell the story: legal teams using AI-powered solutions cut their contract processing time by more than 77%, according to Gartner’s latest research. By […]

When it comes to business relationships, signing a contract is just the beginning. The real challenge? Making sure everyone’s on the same page about what’s expected. That’s where Service Level Agreements (SLAs) come in. Think of an SLA as a binding contract that spells out exactly what level of service you can expect, including specific […]

Supply chain contracts form the backbone of complex networks that underpin operations across industries, defining the obligations and expectations between buyers and suppliers. A well-drafted contract not only outlines the scope of work and delivery schedules but also anticipates potential disruptions, safeguarding continuity and mitigating risks.  Managing these contracts can be challenging, especially in the […]

Contracts in the oil and gas industry? They’re a beast. With high stakes, massive projects, and a tangled web of legal complexities, it’s no wonder 83%1 of companies say contract management is their biggest headache. Whether you’re wrangling joint operating agreements, navigating production sharing contracts, or keeping service agreements in check, one thing is clear: […]

A wet signature, also known as a physical signature, refers to the traditional method of signing a document with a pen, leaving behind an ink impression on the paper. This age-old practice has been the standard for legally binding agreements, serving as a symbol of authenticity and consent. However, with the advent of technology, digital […]

The Hackett Group’s study1 anticipated an 8.0% rise in the procurement workload for 2024. This increase creates potential room for manual errors and emphasizes the importance of stronger collaboration between related departments. To maintain efficiency, procurement processes need adequate legal support and effective contract management. Procurement contract management is essential for smooth information flow, proper […]