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Contract Lifecycle Management (CLM) systems are the need of time. The very importance of these systems is that they allow users to centralize contract storage and management, plus aid in the creation of new ones that fully comply with the company’s policies and requirements. Also keeping your contracts in these systems helps in enabling the […]

Spend management, is a process of comprehensively managing, optimizing, and controlling the money spent by organizations. It is the contemporary way of managing supplier relationships and identifying money spent on purchases. Spend management encompasses of procurement, invoicing, outsourcing, and supply chain management. Enterprises have larger routine transactions which require a lot of time and effort. […]

The ultimate goal of automating contract abstraction is to lessen the business and reputational risks of corporations by ensuring they comply with the terms and conditions of every contract. Most importantly, automated contract management enables corporations to foresee their rights and obligations, and thus prevents future litigation and its cost. Automated Contract Abstraction Puts pertinent […]

Data mining is the process of restructuring a large database in order to generate meaningful information. It encompasses discovering patterns and trends in the data sets and converting them into a comprehensible structure for further use. The goal is to extract the patterns which will help the organization to predict future trends, assist in taking […]

Contract Lifecycle Management Systems – are the systems that serve specifically to house all of an organization’s contracts. These systems, being specifically designed to manage contracts, come with built-in features that will assist you in getting all your contractual documents into one centralized location and tracking them. These systems are a breed of software, running […]

Contracts carry an enormous amount of information, and knowing what has been committed in past can drive better future business decisions. Many of the contracts contain hundreds of important, actionable obligations which need to be closely tracked and managed. Legacy contract migration into a CLM is the way that can yield benefits from having a [...] Read More

Failure to gain contract insights can lead to negative results. Consequences might be a poor relationship with suppliers, and vendors, more risk, and lost opportunities. Critical information businesses need to make key decisions resides across all your executed contracts. Legal and contract departments often have thousands of paper documents stored in file cabinets or saved […]

Regulation is an official way of doing the things made by an authority which consists of a set of rules and trends. It is normally defined as legislation imposed by government authorities on individuals, firms private or public to regulate and amend economic factors. Compliance in law Compliance means following rules and regulations as prescribed […]

Is Brexit really happening? The UK government says ‘Yes’ and it is scheduled to leave at 11 pm UK time on Friday, 29 March 2019. Well, whether it happens or not happens, keep that discussion aside for now. What you might be interested in knowing is, how Brexit impacts certain contractual obligations in your existing contracts? […]

To realize the benefits which exist after the contract has been signed, it’s necessary to not only understand the terms and provisions contained in your contract but to capture these for ongoing management. When a contract is signed, most organizations do a good job of tracking the contract’s basic operational requirements (e.g. renewal dates), but […]

Our Thoughts

CLM system and Benefits

Spend Management a strategic business activity

A New Era for Contract Management – Automated Contract Abstraction

Data Mining – why it is a buzz word

Contract Lifecycle Management System (CLM) – a significant step ahead of a generic DMS

Why and how to migrate your legacy contracts

Reduce risk by unleashing contract insights

Regulation a “scary word” which can lead to penalties

Brexit: Impact on your contractual obligations

Are you getting the accuracy you need from your contract extraction services?