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
Welcome to Precisely’s Contract Management 101, where we’ll cover everything from contract automation to CLM best practices.
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.
Encouraging the adoption of legal tech solutions is a key hurdle in realizing their potential value. Contract management solutions, in particular, may not inspire the kind of hype they deserve given their massive time and cost saving potential and ability to drive revenue and growth! So, in this post, we’ll highlight what you can do
In this post, we’ll set out a practical guide to communicating the benefits of contract management software to your internal stakeholders.