Latest Blog Posts and Articles from Contract Logix.
What does the contract approval workflow look like in your organization? Do you even have a formal process for approving new contracts? Consider this ultimate contract approval workflow checklist when you want to streamline your contract approvals while ensuring the necessary reviews and compliance with internal and regulatory policies.
Contract Logix now supports a robust set of advanced analytics including cognitive search, reports, and graphical dashboards that give you instant access to all the data in your contracts and processes. And, we’ve just significantly enhanced all of those capabilities with our new Contract Metrics Manager functionality.
Paperless contracts are just as the name implies—contracts that exist without the benefit of ink and paper. A paperless contract is an electronic contract that exists as a digital paperless contract file. Paperless contracts are part and parcel of an automated contract lifecycle management (CLM) system. This solution is completely digital from start (contract initiation) to finish (contract execution and archiving).
This miscommunication makes for a great children’s game, but it makes for terrible business practice. Without the right software, collaborative contract management can become like a game of Telephone: every time the contract changes hands, there’s a renewed opportunity for miscommunication, human error, misinterpretation, etc. so that by the end of the process, the information you act on can be wildly different from the information in the original contract.
Proper planning with the right stakeholders and a shared understanding of what success looks like are just two of the phases. The purchase is only the beginning, and the real value comes from being able to deliver results back to the business quickly. Read more as David Parks discussed in a recent article with Corporate Counsel Business Journal.
Anyone who deals with contracts understands that they are not just an administrative part of their business, they’re also a strategic one. When managed effectively, contracts are a critical element for minimizing legal, financial, and brand risk. This informative article provides a primer on contract management software, its terminology, features, processes, and how it works.
In 2021, incident reports of data breaches involving the public exposure of sensitive private information rose 68%, capping the highest year-over increase on record. In this guide, you’ll learn what information security management is and how it applies to handling and protecting digital assets such as contracts and other forms of sensitive documentation.
Healthcare organizations continue to face a growing set of market challenges. Many are turning to digital transformation with the hopes of modernizing processes, improving operational efficiencies, and leveraging data for compliance and insight. One key area that presents a great opportunity for improvement is the digitization and automation of contract management using contract management software.
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