The Malbek Blog

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 […]

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 […]

Imagine you’re a contract manager tasked with overseeing various agreements, from supplier contracts to employee agreements. Some contracts require both parties to take action, while others bind only your company to fulfill a promise. Do you know the difference between these two types of contracts and how to manage them effectively? In business, contracts form […]

Contracts are the foundation of business. They define every dollar coming in and going out of your organization. Yet for many companies, contract management remains a cumbersome, disjointed process that exposes them to unnecessary risk, delays, and value leakage. What are the Contract Management Best Practices, and why are they critical? Implementing contract lifecycle management […]

With the SaaS industry expanding by approximately 500% in the past seven years, SaaS contracts have become the lifeblood of modern business operations. These agreements govern everything from pricing and service levels to data privacy and security. Poorly managed contracts can lead to significant financial losses for organizations. According to research by World Commerce & […]

In today’s fast-paced business environment, efficient contract management is crucial for organizations of all sizes. The contract lifecycle management process has become an essential component of successful business operations, helping companies streamline their workflows and improve overall efficiency. This article will delve into the intricacies of the contracting process, explore the stages of contract management, […]

Contract management teams are under increasing pressure to deliver insights that drive strategic decisions and improve bottom-line results. This is where contract business intelligence comes in. By leveraging the power of enterprise BI solutions, contract management professionals can unlock the full potential of their contract data, gaining unprecedented visibility into risks, opportunities, and performance. Enterprise […]

A contract clause library is a centralized repository of pre-approved, standardized clauses and provisions that can be easily incorporated into contracts. By leveraging a library of common contract clauses, organizations can significantly reduce the time and effort required to draft, review, and execute agreements. With a well-structured library, you can ensure that every contract adheres […]

Contracts form the foundation of virtually all commercial relationships. These agreements define the terms, conditions, and most importantly, the obligations each party must fulfill. Effective management of these contractual obligations is crucial for organizations to mitigate risks, maintain compliance, and ensure the smooth execution of business operations. However, keeping track of the numerous obligations scattered […]