What is a contractual obligation? An obligation is a necessity, a bond, a guarantee; something that must be performed. Lawful wording stipulates the utilization of “will” and “should” to state firm Obligation in an agreement or a guideline. The expressions “will” and “may” are likewise used to demonstrate less strong duties, yet are none the […]

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Contract lifecycle management popularly known as CLM is the process of managing contracts from requesting a contract to the disposition of the contract. Various tools and software are available in the market to handle this process effectively. Morden era tools even allow automated drafting, redlining, digital signatures and compliance management on tool itself. Implementing an […]

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Big data is an extremely large set of data that primarily consists of three characteristics volume, velocity or variability which requires storage, interpretation, and analytics to figure out the meaning. Here, data sources could be anything like social media comments, tweets, sensors, health records, smartphones and on and on. Deep down this data has a […]

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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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