The Malbek Blog

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 […]

IT contract management is the process of overseeing and managing legal agreements related to information technology assets, services, and licenses. Businesses rely heavily on various IT solutions to operate efficiently and stay competitive, however, managing the numerous contracts associated with these technologies can be a complex task that needs special care. From software licenses to […]

Princeton, NJ, January 9, 2024 (GLOBE) — Malbek, a leader in Contract Lifecycle Management (CLM) solutions, today announced the appointment of Jaime Slocum as Chief Customer Officer in the Customer Experience function running its comprehensive customer success methodology amid rapid global expansion. Slocum has 20+ years in SaaS primarily in the Contract Lifecycle Management (CLM) […]

In business environments, contracts govern nearly every aspect of business operations. In the case of long-term partnerships or relationships, the governing agreement type is often the master service agreement, or MSA, for short.  This article explores the Master Service Agreement, delving into its key components when it is most beneficial, and the best practices for […]