Latest Blog Posts and Articles from Contract Logix.
What are smart contracts—and how secure are they? Blockchain technology makes smart contracts possible but introduces security issues not present with traditional contracts. If you want to employ smart contracts in your organization, work through a detailed smart contract security checklist, and prepare yourself for a different set of challenges than you’re currently used to.
Lowell, MA – December 6, 2022 – Contract Logix, a leading provider of data-driven contract management software, today announced a call for nominations for its second annual Digital Contract Transformation (DCX) Awards program. The awards program recognizes organizations and individuals across industries that have digitally transformed their contract lifecycle management (CLM), evangelized how digital contracting helped deliver excellent results to internal and external stakeholders and made a significant positive impact on business processes.
What is legal ops—and how can it drive your firm’s digital transformation? Legal operations is about developing processes and practices to better manage your company’s legal department. Legal ops drives and is driven by digital transformation, particularly contract lifecycle management software. Focusing on legal ops enables an easier shift to contract automation, which in turn helps the digital transformation of all your legal operations.
How can you ensure that a new vendor is the right one? You need to evaluate how a vendor is likely to perform, which you can do with this ten-step vendor management checklist. Investigate how the vendor rates on each of these 10 important points, then use that evaluation to determine whether you want to work with that vendor. This checklist helps you avoid costly mistakes from working with vendors that don’t or can’t deliver on your organization’s needs.
Does your organization embrace electronic contract signing with e-signature technology? Signing contracts digitally offers many benefits, including speedier execution, a better user experience, the ability to sign from any device, and fewer errors. If you’re not yet utilizing digital contract signing, follow this simple 1-2-3 guide to get on the electronic signature bandwagon.
Lowell, MA – November 8, 2022 – Contract Logix, a leading provider of data-driven contract management software, today announced new AI functionality including support for data extraction which gives businesses the ability to digitally transform their contract lifecycle management (CLM) with tremendous speed, accuracy, and automation.
Do you have hundreds, thousands, or tens of thousands of contracts and supporting documents in various formats, such as PDF, JPG, and Word files? Is this information is scattered across shared drives, local machines, and being tracked with spreadsheets or email? Anyone in this situation knows it’s a risky approach to contract management that’s inefficient, lacks visibility, and frankly, the antithesis of digital transformation.
Lowell, MA – November 1, 2022 – Contract Logix, a leading provider of contract management software, today announced feature enhancements to its flagship contract lifecycle management (CLM) platform that enable organizations to speed up contract reviews and negotiations even more. Using the company’s existing contract collaboration capability, Collaboration Room, parties can review, approve, mark-up, comment on, and sign contracts in real-time and from any location via a single secure cloud-based destination.
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