Blockchain is the technology that runs behind bitcoin the first digital cryptocurrency. It is a distributed public ledger that is used to record transactions across many computers so that it can’t be altered without the modification of all subsequent ledgers and consensus of the network. Blockchain is a decentralized, peer to peer, immutable storage network […]

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Contract abstraction simply means extracting important data points which include clauses, dates, meta-data from your contracts. Abstracting essential information from your contracts will help you manage and identify existing contractual commitments. Additionally, this will enable you to analyze risks, obligations, and opportunities to avoid potential legal disasters. Organizations need better knowledge and insight into their […]

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CPQ software is quickly gaining traction in the business world as it illuminates fair prices for products. CPQ is used to help companies to keep prices in line with the current conditions. At its core CPQ software deals with the three core operations “Configure, Price, Quote” for controlling the prices of a company’s product. C […]

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Contract Lifecycle Management is no longer a “nice to have” initiative, but rather a “need to have” business practice. With a direct impact on both revenue and expenses as well as the risk profile of a company, many businesses have an elevated interest in implementing automated solutions. The efficiencies introduced by an automated contract lifecycle […]

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In our previous blog we talked about the CCPA “California Consumer Privacy Act” the data protection compliance which is coming into effect on Jan, 1, 2020. The act is modeled after the GDPR “General Data protection Regulation”. People who are aware of GDPR will see similarities with the CCPA compliance. Both of these compliance CCPA […]

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Prioritize- set your priorities, knowing things makes it easier to focus on the right information. Set your score points to quantify the vulnerability of risk and its impact on business. This will set your priorities for business activities, financial activities and other facets. Regulatory alerts – Making a clear summary of what needs to be done; deadlines, […]

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We are aware of the GDPR compliance which was implemented for the protection of the European citizens. Now comes another act in data privacy – the California Consumer Privacy Act, signed on June 28, 2018, by Governor Jerry Brown. The CCPA intent is to protect California consumers rights so that there is privacy and transparency. […]

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Artificial Intelligence is fast becoming an essential part of the technology industry, helping solve many challenging problems. AI is the ability of making a computer program or software to think smartly in an intelligent manner as like humans think. It revolves around the use of algorithms, a set of defined instructions that a mechanical computer […]

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Contract Lifecycle Management (CLM) systems is the need of time. The very importance of these systems is that they allow users to centralize contract storage and management, plus aid in the creation of new ones that fully comply with the company’s policies and requirement. Also keeping your contracts in these systems helps in enabling right […]

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Contract intelligence empowers you to have contract visibility and take actionable insights from your contracts. It not only helps in providing transparency but also in monitoring key performance metrics so you can have control of your contracts and have actionable data. Companies using Contract intelligence services have better competitive advantage as they have knowledge what’s […]

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Spend management, a process of comprehensively managing, optimizing and controlling the money spent by organizations. It is the contemporary the way of managing supplier relationships, identifying money spent on purchases. Spend management encompasses of procurement, invoicing, outsourcing and supply chain management. Enterprises have larger routine transactions which require lot of time and effort. Millions of […]

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