Many companies are unaware of the advantages contract automation software can bring. Often, teams believe they can get by with a simple online storage solution and a few templates. In the long run, this is not going to save much time. It’s also certainly not going to increase strategy-planning and productivity. What a contract automation
Wondering how a contracting platform can increase your CLM value? Are you utilizing all the features available in your contracting platform? Better yet, does your contracting platform offer all the features other companies are using? In this article, we’ll look at how to make your contracting easier and what tools are available to improve the
For those in Procurement, it can be complicated to keep up with the myriad of contract types between vendors and suppliers. Previously, this task has been made almost impossible when different types of contracts are spread between folders and shared hardware. These take up valuable time when you need to stay ahead of contract events,
Most businesses are aware of the general benefits of implementing AI-based assistance. For example, identifying common mistakes, reviewing if contracts are consistent and compliant, and correcting formatting issues. But what many fail to realize is that there are so many other opportunities to be gained. Without researching and asking questions, companies can miss out on
Contract negotiation may be one of the most stressful things about entering into an agreement with another party. Generally, negotiations are time-consuming and leave a company open for complications when changes go unnoticed. Luckily, new advances in legal tech are improving contract negotiation by offering secure and efficient negotiation tools. Many businesses turn to a
E-commerce is growing at an amazing pace. What sets the businesses that go on to continued success apart from the rest? Automated solutions.
Recently, an article on the Legal tech news site Artificial Lawyer, revealed that “15% of people in inhouse legal teams use Post-it notes, and 12% said they would write reminders ‘on their hand” to handle post-signature contract renewals. The data, gathered from a range of UK companies, also reveals that other common solutions are reminders
What trends are defining legal in 2021 – and the future? Precisely explores the quest for efficiency and pushing for change in a conservative industry.
Document assembly solutions and contract management system are powerful on their own but provide some of the most sophisticated platforms when combined.
Legal AI is a widely discussed topic but what are the actual enablements of it? To understand the capabilities of AI, we need to go beyond the buzzwords.