Contract request process

Mastering contract requests: A key component for efficient contract management

Organizations depend on contracts to facilitate relationships between customers, employees, suppliers, and other key players in their operations. And contract request is where this lifecycle starts. Streamlined contract requests are the foundation of efficient contract management. However, many legal teams struggle with disorganized and fragmented request processes that lead to delays, higher legal costs, and […]
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Contract Lifecycle Management metrics

Understanding the Significance of Contract Management Metrics in 2024

For legal teams, the shift towards becoming data-driven is a significant one as it lays the groundwork for contributing measurable business value. In this blog, we will delve into the reasons why tracking crucial Contract Lifecycle Management (CLM) metrics is essential. These metrics not only provide the insights necessary to enhance efficiency, mitigate risks, and […]
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Generative AI in Contract Management

Debunking the myths: AI in contract management

Generative AI has driven substantial advancements in the legal sector, particularly in Contract Lifecycle Management (CLM), where professionals handle large volumes of agreements, terms, and compliance requirements. However, this growing interest has also led to misconceptions that either exaggerate or misunderstand AI’s role in contract management. In this article, we’ll address major myths surrounding AI […]
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