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4 ways to overcome resistance to New Tools in your Company

By ContractRoom on Jul 26, 2018 11:40:39 AM

In our technology driven world, we’ve developed a new branch of humor dedicated solely to technology “hold-outs” that invariably includes our grandparents, rotary phones, and foot stomping resistance to anything that disrupts the status quo. The same is true for companies that introduce, on a large scale, a new tool or new process that will require employees to pivot and follow an unknown course.  These new ideas can be met with disdain, fear, and even outright defiance. So how can we ease resistance and encourage full participation, particularly when there’s clear evidence that the new tool or platform will make them more productive?  Here are 4 ways to help the transition toward progress.    

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Smart Contracts or Smarter Contract-ing?

By ContractRoom on May 31, 2018 1:06:24 PM

We’ve got smart phones and smart houses.  The way we live and work has become immeasurably more interesting and efficient because of our technology.  The same is true for contract negotiations and the future is looking even smarter.  With emerging technology like Blockchain, contract lifecycle management (CLM) can be further revolutionized through self-execution, transparency, and mass collaboration.

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Contract Lifecycle Management (CLM) Modules: Drafting Faster, Safer

By ContractRoom on Apr 6, 2018 10:50:48 AM

In every society throughout history, legal contracts have played an important role in day-to-day business activity. The concept of a voluntary and binding written or expressed agreement between two or more parties to provide a product or service for some type of compensation was as familiar to the citizens of ancient Rome as it is to us today. The difference between contracts long ago and now was perhaps the higher percentage of “handshake” agreements, as well as with 'much' less legal complexity.

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Things to watch out for (and avoid) in contract consulting agreements

By ContractRoom on Dec 13, 2017 6:00:00 PM

Traditional contracts can have several pitfalls that can be avoided through the use of technology. Think about what a contract traditionally has been: a single, lengthy, paper-based document that is time consuming to create and, therefore, does not get updated regularly.

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What’s the future of contracting and the Blockchain for business transactions?

By ContractRoom on Dec 8, 2017 5:00:00 PM

With emerging technologies like blockchain ledgers and decentralized markets taking hold, business managers can fully expect the business contracting environment to change dramatically in coming years.

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3 fun facts about the Cloud [Video]

By Katie Cook on Oct 13, 2015 3:41:11 PM

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Structuring Unstructured Data in Contract Management

By ContractRoom on Jun 12, 2015 10:09:27 AM

Manage and Capture Your Unstructured Data!

In 2012, IDC conducted research on the digital universe in 2020. Based on the outcomes of that research, IDC estimates the world’s information is doubling every two years. By 2020, the world will generate 40 exabytes of data, a 40-fold increase from 2010! However, almost all of the current (approx. 90%) data is considered unstructured.

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Automation: the Future for In-House Legal Departments

By ContractRoom on May 29, 2015 2:28:05 PM

businessman on a rocketThere is a trend we’ve seen building over the last few years, and we think it’s one whose time has come. It’s the rise of operations within in-house legal departments. It’s an understanding that applying sound business practices to legal operations not only increases efficiency, it helps the company’s bottom line.

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Contract Management Needn’t be a Concern

By ContractRoom on May 13, 2015 11:20:31 AM

Easy work.jpgIf you have some concerns about your business’ contracting practices, you are not alone. Huron Consulting Group, conducted a survey with legal technology professionals, and more than half (57%) of the respondents said they are concerned about their company’s contract management procedures.

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ContractRoom Shortlisted as Most Promising Start-Up of the year

By ContractRoom on Dec 24, 2013 6:49:12 AM

ContractRoom has been shortlisted in the 2013-2014 Cloud Awards Program in the category, Most Promising Start-Up.

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