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5 ways to save time in the contract management process

By ContractRoom on Oct 11, 2016 8:00:00 AM

5 basic tips for saving time in the contract management process

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What will contract lifecycle management look like in the future? (Part 2)

By Katie Cook on Jun 2, 2016 4:12:54 PM

Future concepts and terms in CLM systems software

I recently considered the features Contract Lifecycle Management (CLM) systems are likely to have in the next 5 - 10 years.  In this article I consider terms that are likely to be used in 5 - 10 years time in the context of CLM systems and contract management. Below I outline a few after reviewing Gartner’s CLM Maturity Model (as well as adding one or two of my own predictions).  

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What will contract lifecycle management look like in the future? (Part 1)

By Katie Cook on May 11, 2016 8:59:23 AM

Features that CLM systems are likely to have in the near future

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Is a tool like JIRA the solution for tracking the contracting process?

By Peter Thomson on Mar 24, 2016 4:07:26 PM

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How to avoid legal discovery nightmares

By Katie Cook on Feb 23, 2016 9:12:08 AM

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11 things you can control in your contract management process

By Emil Stefanutti on Oct 8, 2015 3:30:43 PM

Current contract management processes are lacking proper rules and controls. Why is that a bad thing? Well, serious consequences typically arise from lack of oversight during the negotiation phase or mismanagement of contract commitments after execution.

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Can Automation Help with Compliance?

By ContractRoom on Jul 3, 2015 10:47:52 AM

Compliance is expensive and time consuming—keep abreast of regulations can be a full-time job in and of itself, let alone ensuring your company is in compliance. Can automated systems keep your firm in compliance? Absolutely. Whether you work in a highly regulated industry or simply want to ensure your team is using the most up-to-date and legally solid contracts, automated tools can eliminate errors and breaches.

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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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