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. (more…)
10 Key Elements for CLM #1 – The Repository
If you’ve spent any amount of time around the contract management world, then you are familiar with this type of list – 10 things every contract management solution should have. (more…)
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. (more…)
10 Key Elements for CLM #2 – Contract Request and Authoring
After the contract repository, the next most fundamental element of any contract management solution is authoring, which, let’s be honest, is the ability to move the deal forward. (more…)
10 Key Elements for CLM #3 – The Claus(e) Library
Now that we’ve covered the importance of a searchable repository of contracts (more…)
10 Key Elements for CLM #4 – Redlining, Negotiation, and Review
We’ve spent a lot of time laying the groundwork for the heart of what a contract management solution does in our last couple of blog posts.
(more…)10 Key Elements for CLM #5 – Signature
A signature may seem like a small matter, but in reality it carries a lot of weight. It is that final flourish which makes an agreement legally binding and confirms the intent to execute the terms contained within it. (more…)
10 Key Elements for CLM #6 – Contract Commitment
Our blog series looking at the 10 elements essential to a rockin’ CLM system is at the halfway point. We’ve covered the basics – repository
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