contract management system

CEO Blog 8: What are the best practices for legacy contract migration/data extraction?

Not sure where to start?  We’ve curated the best legacy contract migration/data extraction practices to get you started It’s important to cover the best practices, partially covered in the previous blogs. 1.     Decide which contracts you want to migrate 2.     Decide what data points you want to report on across a set of these legacy contracts 3.     Set

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Obligation tracking: Stay on top of all your commitments

When people plan a contract management system, their immediate concerns tend to focus on finding their contracts and reporting on standard metadata, including contract owner, contract status, and renewal date. A centralized repository takes care of the first need. Configured reports set up for specific contract metadata address the second need. But beyond standard contract

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Why do we manage contracts?

To continue operating profitably is always the primary focus of any enterprise. In today\’s competitive corporate environment, the ability to effectively manage contracts is essential to surviving in the marketplace and achieving success. At different points in our lives, each of us would have or will, without exception, sign a contract. However, have we ever

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Contract Data Abstraction : 4 Signs to know if you need it

Contract data abstraction means extracting important data points which include clauses, dates, and 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. 80% of corporate legal professionals say that

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