Contract renewal marks the end of a contract’s initial term and signals the start of a new phase in the contract lifecycle. It represents a continuation of the existing agreement for a specified additional period. In organizational settings, renewals are often not an endpoint but a moment to reflect and recalibrate, giving the parties involved […]

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 […]

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 […]

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 […]

smartContract CLM has been named winner of Contract Management Rising Star Award winner at the 9th Edition Procurement Excellence Summit and Awards held in Mumbai, India.

Global contract management solution smartContract CLM signed a strategic partnership with AKS International to help enterprises in the Middle East and Africa

The preceding year witnessed a confluence of remarkable advancements alongside continued uncertainty. On the one hand, the explosive growth of generative AI accelerated digital innovation

Today, smartContract CLM unveiled its groundbreaking generative AI features, designed to deliver tangible and quick wins for businesses. With a comprehensive set of use cases covering the entire contract lifecycle, smartContract CLM empowers clients to choose the functionalities that best align with their unique needs, enabling them to define and prioritize the most relevant generative […]

Many clients often wonder whether it is necessary to re-engineer their existing processes before implementing cutting-edge Contract Lifecycle Management (CLM) technologies.