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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The ultimate goal of automating contract abstraction is to lessen business and reputational risks of corporations by ensuring they comply with the terms and conditions of every contract. Most importantly, automated contract management enables corporations to foresee their rights and obligations, and thus prevents future litigation and its cost. Automated Contract Abstraction Puts pertinent information […]

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Data mining is the process of restructuring large database in order to generate meaningful information. It encompasses discovering patterns and trends in the data sets and converting it into comprehensible structure for further use. The goal is to extract the patterns which will help the organization to predict future trends, assist in taking business decisions, […]

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Contract Lifecycle Management Systems – are the systems that serve specifically to house all of an organization’s contracts. These systems, being specifically designed to manage contracts, come with built-in features that will assist you in getting all your contractual documents into one centralized location and tracking them. These systems are a breed of software, running […]

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Contracts carry enormous amount of information, knowing what has been committed in past can drive better future business decisions. Many of the contracts contain hundreds of important, actionable obligations which need to be closely tracked and managed. Contract migration into a CLM is the way which can yield benefits from having single and unified repository […]

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