The latest procurement technology landscape report by Procurement Leaders shows that 59% of organizations could choose the best-of-breed approach for digital transformation of their procurement function by 2022.

Across jurisdictions, regulators are tightening legislation around Environment, Social, and Governance (ESG) requirements. But as the expectations are constantly evolving, so are the regulations, and those not prepared could face significant disruption.

While there can be many factors that influence the success of extensive LegalTech projects, one of them is most enduring in successful projects: Putting users before technology. As legal departments aim for next-generation capabilities, they need to grasp some fundamental truths.

While there can be many factors that influence the success of extensive LegalTech projects, one of them is most enduring in successful projects: Putting users before technology. As legal departments aim for next-generation capabilities, they need to grasp some fundamental truths.

Contracts are crucial, but they should not slow down business deals. The business teams work hard on deals. It can be frustrating for them when the contract execution holds up the revenue or the other benefits the deal offers. That’s why every business understands and recognizes the need for fast and efficient execution of contracts. But how can that be achieved?

Contract compliance is crucial for internal operations as well as external relationships but can be a challenge for any organization as the number of contracts grows consistently along with shifting priorities and changes in personnel.

Contracts are the lifeblood of business. Irrespective of the industry, signed agreements are essential for properly defining relations and collaborations with customers, suppliers of goods, service companies, users, and employees – to say the very least.

With its intellect and flexible platform, smartContract can respond to the complex contract management processes with ease and transform contracts into significant assets that generate more value, and protect businesses against any contractual risks.