Latest Blog Posts and Articles from Contract Logix.
Do you know how electronic document signatures work? More and more companies are using electronic signatures in their documents, and it’s especially useful in contract lifecycle management (CLM). Before you embrace electronic document signing, it helps to know what it is, how it works, and how it can benefit your organization.
Contract management in higher education is integral to running a thriving institution. It’s not just about signing agreements and keeping them on file. It’s about managing the entire contract lifecycle, from start to finish. But why is contract management so important in higher education institutions?
How much of your contract value is lost between inception and deliverables? If your organization is like most, you experience significant contract value leakage, which can adversely affect profitability. To retain as much contract value as possible, you need strategies to minimize contract value leakage – and we have five strategies to help you reduce the flow.
Lowell, MA – January 24, 2023 – Contract Logix, a leading provider of data-driven contract management software, announced today that the company was named a “High Performer” in G2 Winter 2023 Grid ® Reports for Contract Lifecycle Management Software including Mid-Market and Overall for the eighth consecutive quarter.
Are you ready for robots? If your boss told you tomorrow that the business had purchased software to automate a portion of what you do, do you know that setting up the automation would likely require a lot of input from you? The infrequently mentioned truth about automation, and Artificial Intelligence in general, is that it must be designed by a human brain.
Insurance companies handle a lot of contracts. If you don’t manage those contracts effectively and efficiently, you’re likely to get overwhelmed, lose important work, and incur unnecessary risk. To ensure effective contract management, you need to follow eight simple steps – all of which you can accomplish with automated contract management software.
What is the most effective way to create a contract? It depends on whether you’re doing it the traditional, paper-bound way or using automated contract lifecycle management software. There’s a lot less work involved when all your contracts are electronic. Whether you’re creating a contract the old-fashioned way (by hand) or using a modern approach (with automated contract management software), every contract you create must include the same three basic elements to be legally binding.
How secure is contract management in your FinTech business? The FinTech industry is an appealing target for hackers and fraudsters, so it’s important that your contracts be as secure as possible. Providing secure contract management is challenging but worth the effort — the consequences could be catastrophic if your firm becomes the victim of a contract-related data breach.
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