Even before the pandemic hit the world, the rationale and openness toward e-signatures were getting intense.
In 2020 the global e-Signing market had reached between $2.3 and $2.8 billion, and many estimates point to a $4.5-5 billion market by 2023 and $14 billion by 2026.
CLM Smart Search: Search Content in Agreement Documents at Lightning Speed SLM Smart Search: Revolutionizing Knowledge Access in the Post-Google Era Knowledge history can be divided into two categories: the pre-Google era and the post-Google period. Like the B.C. and A.C. ages, humanity’s approach to information has manifested very differently on the two sides of …
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Contract Management Software: Improve Legal Operations and Transparency The True Value of Contract Management Software: Beyond Cost Centers Labeling departments as mere cost or revenue centers is misleading; any function can face cost overruns and uncover new value. The key is identifying areas that hinder profitability, speed, and efficiency. Poor contract management, particularly in legal …
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Many contracts weaken in their results and profitability – and not because of inherent issues with materials, resources, or processes. Instead, most just fall through the cracks because of a weak grip on contract obligations. Having a strong, tight, and non-slippery hold on the contract obligations checklist can be all the difference between a good contract and a sloppy one. But for that to happen, an enterprise would need a good rope to hold everything in place, and one that is not too rough or heavy to wield.
CLM in Healthcare: Why Hospital Chains Need Contract Lifecycle Management CLM in Healthcare: The Rising Market and Why Hospital Chains Should Implement It According to a research report by Spherical Insights & Consulting, the global healthcare contract management software market was valued at USD 1.76 billion in 2023 and is projected to reach USD 9.82 …
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ProEn’s Specialization in CLM: An In-depth Analysis PROEN is an exclusive platform-agnostic CLM service provider specialized in Contract Lifecycle Management, providing implementation, support, and migrating from standard legacy to fully automated contract management systems. Our modern contract management approach has helped our customers manage contracts and legal departments efficiently. This approach of utilizing CLM packaged …
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The prospects and relevance of contract lifecycle management (CLM) have risen to an explosive level in this decade. Fuelled by the necessity of lockdown-induced disruptions and the many supply chain challenges – the need for a robust and reliable contract lifecycle management (CLM) solution has become more compelling than ever.
Prepare your internal team, from defining scope to assigning ownership and driving engagement The difference between a fire hose and a fire stove is simple. One is used to douse emergencies and the other for cooking meals. That’s why while a fierce torrent gushes out of one thing, there’s always a soft knob to operate …
Think about a typical business day. Just how many minutes do executives have to fight fires? Especially fires that erupt because some contract somewhere was not drafted, managed, or followed correctly? Even if you have a solid in-house legal team or an army of counselors, would you be able to afford the business ‘downtime’ these meetings and fix-it-days would cause? Yet, so many managers spill uncounted hours digging agreements, chasing contract calendars, or making sense of these paper monsters? In today’s world, so much work with a company’s suppliers, vendors, trade partners, supply chains, and services hinges a lot on the strength and infallibility of these contracts.
CLM (contract lifecycle management) is a shepherd-and-sailor rolled into one. Its presence ensures that all your essential resources and processes stay on the desired point without getting lost, damaged, or left unseen in all stages of a contract.
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