The Newest Technology for Business- Contract Management Software

It’s hard not to observe that technology changing the world. From robots taking orders at the Cafés to the ongoing development of all things in the world. Therefore, computers and different types of automation platforms will be around for a while. Fortunately, these machines bring a great advantage. There’s one remarkable technology revolutionizing the business industry in particular: Contract Automation or Contract Management Software.

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A contract management platform has many Attractive features, such as Approval Workflow, Auto Extraction, Buy Side (Suppliers), Completion Tracking, Compliance Management, Contact Management, Contract Drafting, Contract Templates, Digital Signature,Document Management, Full Text Search, Lifecycle Management, Milestone […]

6 Factors to evaluate the right contract management software for the legal counsels & teams

Contract management software, sometimes also mentioned as contract administration, refers to the processes and procedures that companies may implement in order to manage the negotiation, execution, performance, modification, and termination of contracts with various parties including customers, vendors, distributors, contractors, and employees.

Contracting is one of the most crucial activities in determining the success of any business arrangement, and shall not be considered as the jobs to be done by the lawyers only. There are multiple stakeholders involved in completing any contract.
This article, mainly targeted for the legal counsels as well as the internal/external legal teams.

Here are the six key factors […]

How to Make Legal and Sales Departments Best Friends

The endless war between legal and sales departments is a frequent problem that arises in every company. Just because these two departments have different functions, it doesn’t mean that they cannot work in tandem. In fact, when sales and legal departments work together, the company see an instant improvement in their performance.

Aligning the internal departments in the organization is a crucial step in achieving harmony in processes. Especially, the sales and the legal teams must be coordinated to avoid frictions that can potentially harm the reputation of the organization. The major objectives of a legal department in a company are […]

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