CLM Blog

Contract Management Blog

Latest Blog Posts and Articles from Contract Logix.

How Can Cloud Contract Software Help with Contract Management?

Cloud-based contract management software is helping in-house legal, procurement, finance, and sales teams implement strategies that drive growth and build resilient organizations capable of dealing with future challenges and critical business strategies such as digital transformation. This blog details the ins and outs of contract management software and why you should consider it a lifeline that your business needs to drive process efficiency, build tighter integrations, improve collaboration, increase compliance and mitigate risk.  

How to Find Your Contract Information Fast!

If you’re involved in managing your business’s contracts, then chances are you field a lot of questions about those contracts from a wide range of people and departments. And, if you aren’t using the right digital tools, tracking down answers can be a burdensome process that takes you away from other important activities.

Top Tips for a Successful Contract Lifecycle Management Roll Out

Chief legal officers (CLOs), general counsel(GCs) and their in-house legal teams have dramatically accelerated their digital transformation initiatives since the start of the COVID-19 pandemic. In fact, according to a recent survey by World Commerce and Contracting, 81 percent of legal teams plan to implement, replace, or add to contract automation over the next twelve months.

Contract Logix Helps Healthcare Organizations Digitally Transform Complex Contracting Processes as HIPAA Marks 25th Anniversary

Contract Logix, a leading provider of data-driven contract management software, today announced that it has experienced triple-digit percentage usage growth within its healthcare customer base as they rapidly accelerate their digital transformation initiatives. Contract Logix has fifteen years of experience working with healthcare providers including hospitals, mental health organizations, and skilled nursing facilities to digitally streamline and automate the way they manage patient, payer, provider, and facilities contracts, as well as satisfy new and existing regulatory compliance requirements.

How to Audit Contract Management Process in 6 Steps

A mature and efficient contract management process is vital to maintaining performance across your business. Small inefficiencies can have exponential effects, especially when the business wants to grow and scale operations. For companies that need to squeeze every bit of value from their business, the question of how to audit contract management processes becomes a vital concern.

How to Choose the Best Enterprise Contract Software

With evolving technologies and elevated expectations from your customers, vendors, and partners, choosing the right enterprise contract software should be a priority for your business. If you have a modern contract lifecycle management (CLM) system in place, you can streamline and automate your company’s processes to reduce costs, ramp up productivity, and generate new insights into your business efficiency. Read this article to learn 5 key capabilities to including in your evaluation.

The Key to CLM Success is Implementation

As the need for digital transformation continues to accelerate globally, many in-house legal teams are adopting contract management software to digitize and automate their contracting processes. However, once you’ve made the decision to purchase, how do you ensure the success of your investment? The key is implementation. Read this article to learn about the CLM Success Map and 4 KPIs to track the success of your contract software implementation.

Four Best Tools for Contract Risk Assessment

A significant part of managing the contracts your firm engages in is assessing the risk of each contract. Manually assessing contract risk is time-consuming and produces variable results. Contract risk assessment tools can do a much better and more consistent job of assessing contract risk, but which tools should you use?

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