The evolution of CLM technology has been fast-paced, to say the very least. But for many users, it seems to be getting worse. Why is that? And what should you do about it?
By Amit Garg As we approach the end of the year, I wanted to take a moment to express our gratitude and wish you and yours a very happy holiday season. Even though 2022 is supposed to be marked by physical reunions, our world often felt more divided than ever. But even in a time characterized […]
Let’s face it … no networking event for in-house legal professionals in 2022 has gone by without discussions on the topic of contract lifecycle management, or CLM. You might also have found yourself drawn to the enthusiastic feedback of a successful General Counsel. She implemented a CLM in late 2019 and it’s paid off, not only delivering […]
By 2023, 50% of CLM implementations will fail to deliver expected benefits, Gartner had predicted back in 2019. And as we inch closer to 2023, the frustration with CLM does seem to be increasing even though the technology itself is evolving at a lightning-fast pace. One key reason for the growing CLM pain is companies […]
Impressed by the flashy demos and marketing teasers of a CLM vendor, the General Counsel of a well-known conglomerate tried to impose the CLM on the company by a mandate. The expectation was that the tool will completely revolutionize their contracting process. But instead, chaos ensued. Why? Employees weren’t ready to change the processes and […]
smartContract CLM has announced a strategic partnership with Cygnet Infotech to further enhance its ability to deliver an end-to-end contracting experience by offering seamless integration with Cygnet’s digital signing tool Cygnature.
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.