Supporting Hypergrowth With a Contract Lifecycle Management Solution

In today’s fast-paced business landscape, companies that experience hypergrowth face unique challenges and opportunities. Prioritizing scaling operations, expanding into new markets, and managing increasing contract volumes become key factors toward success. One critical tool that can help organizations navigate the complexities of hypergrowth while streamlining processes, improving collaboration, and mitigating risk, is a Contract Lifecycle Management (CLM) solution. In this blog post, we’ll explore how CLM solutions empower businesses to support hypergrowth effectively. Continue reading “Supporting Hypergrowth With a Contract Lifecycle Management Solution”

How to Use Metrics and Analytics to Drive Contract Management Excellence

Contract management is the backbone of any legal department, a complex and time-consuming task that can significantly impact a company’s success. To streamline these processes, and ensure continuous improvement, it’s essential to harness the power of metrics.

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Top 3 Redlining Best Practices for Smarter Negotiations

For businesses, contracts support much of what they do. Contract lifecycle management (CLM) plays a pivotal role in supporting the contracting function by ensuring that contracts are properly created, managed, and negotiated. In negotiating agreements, a critical step is for each side to propose changes to the proposed contract. Redlining is the process of proposing, tracking, and responding to changes made to the contract as it is being negotiated by both parties.

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Where Do I Start with Contract Management Technology?

Today’s interview will address the question, where do I start with my contract management technology? The interview is led by Allison Caggia, content and communication strategist at Malbek, and she is joined by Craig Conte, who is a partner at Deloitte Legal. At Deloitte, Craig is responsible for their contracts legal management consulting team and has been working in contract management and tech enablement for over 20 years. Craig is a qualified US lawyer who has practiced outsourcing in IT transactional law in New York and is a member of the global advisory board for World Commerce and Contracting. Continue reading “Where Do I Start with Contract Management Technology?”

The Do’s and Don’ts of CLM Implementation: A Comprehensive Guide

Contract Lifecycle Management (CLM) has proven to be a critical component for modern-day organizations seeking to streamline operations, reduce risk, and enhance compliance. In fact, a recent joint report by KPMG Law and the World Commerce and Contracting Association shows that digitizing the contracting process is now a priority for 76% of organizations.

Implementing a CLM can significantly affect how efficient, collaborative, and cost-effective your business is. It can be a complex task but with proper planning, teamwork, and ongoing commitment, your organization can reap its full benefits. In this blog post, we will explore all the best practices as well as things to avoid when looking to implement a CLM.

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From Parchment to Pixels: The Evolution of Contracts and the Rise of Clickwraps

Contracts are at the foundation of all business transactions and serve as the legal framework that outlines the rights, responsibilities, and obligations of the parties involved. Contracts used to be simple, paper-based agreements and have since been digitized, continuing to transform and adapt to meet business demands. The evolution of contracts in the digital age has changed the way contracts are created, managed, and executed. Continue reading “From Parchment to Pixels: The Evolution of Contracts and the Rise of Clickwraps”

Beyond Simple Storage: The Imperative Shift to Contract Lifecycle Management

As businesses globally recognize the importance of data-driven decision-making, the way we manage contracts has taken a paramount position. While digital storage solutions like Dropbox, OneDrive, SharePoint, and even simple contract tools have provided a temporary respite from physical storage, the evolving demands of the modern business environment necessitate a move toward more sophisticated solutions like contract lifecycle management. When industry authorities like Gartner and the Association of Corporate Counsel highlight the rise and significance of CLM, organizations should take note.

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Malbek x EDF Renewables: A Seamless CLM Solution for Contracting and Compliance

Effective contract management is crucial for organizations to maintain smooth operations and stay ahead of the competition. Malbek’s CLM software helps companies operate more efficiently and collaboratively while minimizing risk, ensuring compliance, and eliminating tedious tasks. By implementing our CLM, customers reported a 50% reduction in contract review time, allowing employees to focus on more important matters, resulting in further company success.

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Maximizing Contract Management: 6 Key Benefits of Integrating CLM Software into Your CRM Platform

The harmonious collaboration between Customer Relationship Management (CRM) systems and Contract Lifecycle Management (CLM) solutions has emerged as a strategic imperative for organizations seeking to optimize their operations and drive unparalleled growth. Here at Malbek, we deliver seamless integrations with various CRM platforms, such as Salesforce, HubSpot, and Microsoft Dynamics 365. Integrating your CLM platform with your CRM allows all relevant field data to live in one place eliminating silos, increasing visibility, and streamlining operations.

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Driving Productivity Through Automated Contract Management

It’s no secret that contracts are the lifeblood of businesses, yet managing them can often be a laborious and intricate task given the multitude and variety of agreements that are handled on a daily basis. Automation is here to help make otherwise time-consuming elements of managing the contractual process both more efficient and more consistent and reliable.

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