Contract Insights

The age of legal operations digital transformation continues in 2023, with even more exciting digitization tools for business process automation available.  The more contract administration tools available to legal teams and contract administrators – however – the easier it is to fall behind.  With that said, let’s examine six tips for effective contract management in 2023 to get ahead with contract management software.

Navigating your CLM Platform can be difficult if you aren't equipped with a thorough understanding of the contract lifecycle.  The contract lifecycle is the process under which a contract is authored, reviewed, sent for signature, executed, and - possibly – renewed.  The "lifecycle" is an archetype used to characterize and understand a contract's complex growth.  The lifecycle voyage begins with contract requests and ends when said requests are achieved – with the feasibility of contract renewal.  With so many complex processes involved in contract lifecycle management, it can be easy to sail toward the treacherous waters of contract mismanagement.  With a strong sense of how to leverage leading CLM software, however, you can quickly get your legal operations sea legs!  Read on to learn how you can set sail toward better contract management.

It remains true that general counsel and paralegals continue to encounter growing contract complexity and volume.  An ineffectual legal contract management process makes obstacles for legal departments tough to overcome.  Here’s how to leverage seven legal contract management software tools for a streamlined legal contract lifecycle, reduced risk, and minimal contract lifecycle bottlenecks and delays.

Awarding a contract is a complex, multi-faceted process.  There is room for error and missed opportunities without the right strategy.  This blog will delve into the five critical stages in awarding a contract and how to seamlessly navigate these stages with leading contract management software tools.