CobbleStone Software's first 2025 CLM Masterclass is coming soon! Ahead of the educational webinar, we thought it would be appropriate to let attendees know what they can prepare to learn. As such, let's examine five key takeaways to expect from the 2025 CLM Masterclass.
The masterclass will feature a demonstration of contract lifecycle management software (CLM). This demo can teach attendees about the system's capabilities for streamlining the entire contract lifecycle, including contract drafting, negotiation, approval, execution, and renewal. Attendees can learn how to utilize contract management software features - such as automated workflows, easy searching within a central contract repository, & quick and straightforward reports - to improve efficiency, reduce risk, and enhance visibility within their organizations across contract stages. Seeing contract lifecycle management in action can provide insight into how it can save time and money while eliminating headaches associated with contract process bottlenecks.
According to World CC, 38% of surveyed legal professionals are still unfamiliar with AI's potential.1 However, according to that same report, 43 percent are actively encouraging the use of AI technologies and developing policies and guidelines, suggesting a proactive approach to formalizing its use. Why fall behind the curve? By the time the webinar is complete, attendees will more than likely embrace AI in contract management.
The webinar will focus on leading contract intelligence tools that are made for contracts - such as auto-redlining, clause replacement, and risk analysis. Contract AI can automate repetitive tasks, analyze large volumes of contract data, identify potential risks and inconsistencies, extract key information quickly, and provide insights to improve decision-making throughout the contract lifecycle, ultimately saving time, reducing errors, and enhancing overall contract management efficiency.
Legal professionals across industries yearn for contract simplification. Attendees of the 2025 CLM Masterclass can learn how to simplify contracts during critical stages such as drafting, negotiation, and signatures. They can learn how dynamic, pre-approved templates and clauses can streamline contract drafting to an incredible degree. Furthermore, they can discover how a centralized collaboration portal for negotiating and editing contracts can quickly get counterparties on the same page. Finally, attendees can become aware of how to maximize electronic signatures that can cut send-to-sign time by up to twenty percent!
Contract management does not end after contracts are signed. Contract management after signatures is crucial because it ensures that the agreed-upon terms are adhered to, mitigating risks, addressing potential issues promptly, and ultimately realizing the full value of the contract by monitoring compliance, managing amendments, resolving disputes, and maintaining positive relationships between parties involved; essentially, it's about actively overseeing the execution of the contract to achieve the intended business outcomes beyond just the signing process.
With tools like ad-hoc reports, dashboards, and task alerts, attendees of the Masterclass can learn how to follow up on obligations and deliverables and prepare for renewal opportunities.
You are not alone in your journey to learn how to better manage contracts. In fact, you can use your peers to your advantage.
The Masterclass will feature a Q&A session. Attendees are encouraged to ask and listen to questions about key features and functionalities of contract management software, how to use it efficiently, and the unique strategies legal professionals like them are using to streamline processes. CLM software experts can address any questions attendees have; attendees are encouraged to pay attention when others are asking questions. Peers may just ask about something a given attendee has never thought of before!
Register here for the 2025 CLM Masterclass or book a free demo of CobbleStone Contract Insight® today!
*Legal Disclaimer: This article is not legal advice. The content of this article is for general informational and educational purposes only. The information on this website may not present the most up-to-date legal information. Readers should contact their attorney for legal advice regarding any particular legal matter.