contract workflow
Found 143 Items
Managing the contract lifecycle from requests to renewals can prove difficult with spreadsheets, emails, filing cabinets, and other disparate tools and systems. Without accountability, visibility, a clearly defined process and actionable insights, organisations can find themselves running into compliance issues, not realising contract value, and encountering other setbacks. Contract lifecycle management requires careful planning, the right technology, a well-planned contract strategy, and holistic contract lifecycle automation processes. Thankfully, robust contract management software with a foundation of AI and machine learning can help automate contract lifecycle management processes.
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Reviewing contract risk can be time-consuming, challenging,and stressful. Manually assessing risk factors can cost your organisation extra time and money while increasing the risk of inadvertent human oversights. While you can do your best to carefully track risk factors, including negligent clause language, this can prove challenging when dealing with multiple stakeholders and pressing deadlines. Read on to learn how three contract risk management tools within contract management software can help protect your organisation from the risks of poor contract management and, in some cases, your job.
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2021 has already brought many enhancements and innovations to contract management automation – and contract management technology will not stop enhancing contract management processes any time soon. Your organisation could be missing out on user-friendly and future-minded contract management system tools. As such, here is a list of four must-have contract management software features for a streamlined, simplified, cost-effective, and configurable process for increased ROI.
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VISDOM® AI is Contract Insight’s proprietary, AI based contract management engine with machine learning. VISDOM can simplify contract administration for a wide variety of industry professionals by unifying people and processes thanks to a seamless integration between AI and contracts. Learn the 4 main VISDOM features that can help contract management software system users maximise Four’s acclaimed source-to-contract management software suite – Contract Insight® – in an ever more future-minded legal technology landscape.
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Companies of all sizes within both the public and private sectors often find themselves manoeuvering multiple contracts at once – with said contracts progressing at various stages of the contract lifecycle. As such, they must build an efficient, organised and cost-effective contract lifecycle management process that helps with all stages of the contract lifecycle. Read on to learn how to get started building a strong and centralised contract lifecycle process – as well as how this can be significantly simplified and improved with the right strategy.
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