Fastcase Recognizes One of Malbek’s Innovators
He’s your favorite legal tech guide, our very own Director of Legal at Malbek, and everyone's favorite legal tech enthusiast. Yes, you guessed it! We are talking about Colin Levy. These days, it's easy to enjoy his hot takes on legal tech and being a legal professional in this ever-changing world thanks to his ever-growing social media presence. But more than just his followers have noted his advocacy and vision for legal tech. (more…)
Finance
Solution for Finance Teams
Expedite revenue recognition and eliminate bottlenecks.
Finance teams face a complex array of challenges when it comes to contracts. They carry the responsibility for financial profitability, on-time payments, and pricing changes. But managing all of this without contract management software to provide reminders and reports is nearly impossible.
Solutions to Strategic CLM Solutions for Finance Leaders
Finance Use Cases
Audit Readiness
Centralized contract repository with built-in alerts and reminders for key milestones and obligations. Be audit ready — actively manage contract terms and conditions to mitigate risks and avoid costly penalties or complications. Monitor agreements, providing red flag notifications when documents or clauses are not compliant.
Cost Control
Manage and control costs associated with contracts. Visibility into financial obligations, such as payment terms, pricing, discounts, and penalties. By effectively managing contracts, finance professionals can ensure compliance with agreed-upon terms and conditions and avoid unnecessary expenses.
Vendor Management
Discover and report on vendor contracts. Ensure a clear understanding between your organization and its vendors/suppliers.
MSAs
Drive efficiency through your Master Services Agreements. Control transactional processes like amendments, renewals, and negotiations to minimize risk.
Integrations
Streamline workflows and automation while reducing the cost and complexity of processing and managing contracts across departments. Leverage CLM integrations like SAP, DocuSign, Adobe Sign, Hubspot, Salesforce, and more.
Keep P&L in check
Productivity at your fingertips.
Hit revenue targets with ease.
Just because a contract is mutually agreed upon, doesn’t mean it is mutually beneficial. Missed contract commitments can incur financial penalties, and auto-renew clauses that go ignored can lock parties into unwanted agreements, impacting your bottom line. With effective contract software by your side, it's possible for finance teams to properly structure contracts and safeguard profitability. Through automation, artificial intelligence, and reminders, stay on top of payments and price changes and reduces the worry of missing key financial terms.
Close deals quicker and align with other departments.
Our clients have achieved remarkable results. Reducing time to close by 50% or more and gaining complete visibility of their deals. Malbek provides your teams with the tools to become strategic value creators and eliminate potential revenue loss by at least 20%. Negotiate better deals and close them quickly. Integrate directly with an ERP like SAP, or a CRM like Salesforce, Hubspot, or Dynamics.
Benefits of contract lifecycle management
Malbek CLM for Finance
Ensure mutually beneficial contracts for better customer relationships.
Avoid penalties from missed financial milestones.
Empower your negotiations with favorable terms and cost reductions.
Elevate your teams and improve profit margins in the process.
Latest blog posts
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From Chaos to Cohesion: Integrating Malbek with Slack Transforms Contracting at Every Negotiation Turn
Often, one of the biggest challenges that an enterprise faces when seeing a contract through its lifecycle is that many times the data isn’t streamlined and exists in too many places. When data lives in multiple places that aren’t integrated, it can not only make searching for contacts difficult, but worse, it allows for errors, inconsistencies, and inevitably a breakdown of communication between departments. When a contract is touched upon, and data is collected by various departments in a company, like sales, legal, finance, and procurement, eliminating those risks and increasing efficiency and collaboration are vital to a company’s success. (more…)
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. (more…)