The role of the General Counsel (GC) has changed dramatically in recent years. No longer simply a provider of legal advice, the General Counsel is expected to be a business leader and strategic partner. They must use technology and data to help their organizations make informed decisions and mitigate risk. Continue reading “The Future of the General Counsel is Being Written by Technology”
Legal Tech Revolution: Insightful Trends at CLOC Global Institute
On the heels of CLOC, we are still reverberating with excitement from all that we learned and experienced!
CGI 2023 always delivers valuable insights, sessions, and networking opportunities while providing attendees with unforgettable after-hours events and this year was no exception. From a delightful dinner hosted by Malbek and ModCounsel at Beauty and Essex to a lively wine tasting event, these gatherings brought together legal professionals in a relaxed and engaging atmosphere where they were able to discuss exciting innovations on the horizon, discuss shared concerns, and have intimate conversations. Continue reading “Legal Tech Revolution: Insightful Trends at CLOC Global Institute”
Crossing the AI Chasm: The Need for Speed Drives Use
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 final sixth trend: The collective drive to use AI solutions is a need for speed and efficiency.
Continue reading “Crossing the AI Chasm: The Need for Speed Drives Use”
Crossing the AI Chasm: Most Still Face Barriers to Adopting AI
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 fifth trend: most organizations still face significant barriers to AI adoption.
Continue reading “Crossing the AI Chasm: Most Still Face Barriers to Adopting AI”
Crossing the Contract AI Chasm: The Barriers and Benefits
In a world of “do more with less”, it’s no secret that almost all organizations are interested in using the contract data of yesterday to improve the business outcomes of tomorrow. The real secret lies in why there’s still hesitancy around digital contract management and AI adoption in general.
Could it be because too many solutions have been over-promised and under-delivered? Or is there simply a general lack of trust in technology that has perpetuated manual contract management processes?
The reality is that the way organizations conduct contract management has changed, and modern contracting challenges require modern solutions.
Continue reading “Crossing the Contract AI Chasm: The Barriers and Benefits”
10 Best Practices in Contract Lifecycle Management
When contract lifecycle management is overlooked in business operations, it leads to unnecessary financial losses and can reduce operational efficiencies. For Sales, Legal, and Finance teams, adhering to contract management best practices is essential.
From contract drafting and storage to speedy approval times, here are 10 key contract management standards and best practices that should be applied to any CLM process.
Continue reading “10 Best Practices in Contract Lifecycle Management”
Innovations Inspired by You
We believe that contracts shouldn’t be confined just to the realm of legal. Contract data can (and does) drive results across the entire business. Continue reading “Innovations Inspired by You”
What Can AI Do for Your Contracts?
Hi, my name is Hemanth Puttaswamy. I’m the CEO and Co-founder of Malbek. We are a contract lifecycle management solutions company. These days there are a couple of things which are on top of everyone’s mind. Continue reading “What Can AI Do for Your Contracts?”
10 Key Elements for CLM #10 – Artificial Intelligence
This year we’ve taken you on a journey, a journey to look at the 10 key things you need in your contract management solution. So far we’ve covered all but one. Continue reading “10 Key Elements for CLM #10 – Artificial Intelligence”