Latest Blog Posts and Articles from Contract Logix.
Contracts are essential to the running of every business yet are also inherently risky. Learn how to mitigate contract risk with contract lifecycle management software, also referred to as digital contracting software. While you can’t completely eliminate contract risk, you can minimize it substantially by using digital contracting software, such as Contract Logix.
In this article on B2C, David Parks discusses effective contract risk mitigation strategies, the top contract lifecycle management (CLM) KPIs to track, and CLM best practices that leading organizations are leveraging.
Rick Ralston, CEO of Contract Logix, recently discussed with In-House OPS regarding the digital transformation that companies have been experiencing, as well as how the lack of support from in-house legal departments on these digital transformation strategies is affecting CLOs and GCs.
Research firm Gartner predicts that by 2025, legal departments will dramatically increase their spending on legal technology. This is why maybe organizations are investing in the launch of data-driven CLM systems to mitigate risk, increase compliance, and finalize business faster,
Assessing contract risk is essential, as any given contract can put your entire operation at risk. To reduce the overall risk to your organization, you need to mitigate the risk associated with each agreement. One important way to do that is to put together a contract risk assessment checklist for each contract you enter into. What should that checklist entail? Read on to find out.
Lowell, MA – October 20, 2021 – Contract Logix, a leading provider of data-driven contract lifecycle management (CLM) software, today announced it has been named a “High Performer” for the third consecutive quarter in the Contract Lifecycle Management category of G2’s Fall 2021 Grid ® Report. G2 scores products and sellers based on actual customer reviews of the software, as well as data aggregated from online sources and social networks.
Procurement contract management is more involved than just keeping a sharper eye on the contracts you already executed. The contract management begins well before negotiations start and ends long after the contract is signed. However, following a handful of best practices can result in a significant impact throughout your entire organization.
Contracts are the lifeblood of most businesses, and contract-related mistakes can have serious repercussions. Even worse are the contract management process mistakes made within an organization because they can affect every contract executed later. Read as our team covers 8 of these critical mistakes you could come up against at any time.
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