contract workflow
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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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2021 has arrived, and with it comes new innovations to your contract management software processes. Keeping this in mind, we have outlined six critical contract management tools that your organisation should equip itself with to stay ahead of future-minded contract management best practices in 2021 and beyond.
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Managing various construction contracts can be a challenging process to coordinate and streamline – especially when dealing with multiple stakeholders and ranging construction project timelines. Relying on disparate contract management methods – such as postal mail, wet-signatures, filing cabinets, emails, shared drives and paper-based negotiations – can waste precious time and energy. With the help of a streamlined construction contract management software, you can centralise and streamline your processes, and capture full contract lifecycle management oversight from contract requests to renewals, especially with the help of integrated eSourcing software that streamlines construction project bidding.
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Pharmaceutical and life sciences organisations have a lot on their plate. Unfortunately, many organisations lack an efficient process to handle a myriad of contracts, clinical trials, promotions, supplies/goods, regulations and compliance standards. Consequently, these organisations may leave themselves unprotected from potential increased risk, delays, compliance violations, wasted time and squandered revenue. Here’s how you can improve life sciences and pharmaceutical contract management with accelerated contracting and compliance management.
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