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 […]

Five things you must know about the Smart Contracts

Computer scientist and legal scholar Nick Szabo first proposed the idea of smart contracts two decades ago. He suggested that the decentralized ledger could be used for smart contracts, otherwise called self-executing contracts, or digital contract Management Software.

Today, even if the actual use of smart legal contracts remains largely in the future, the idea has gone mainstream.

You might have heard this term many times and would be thinking about it often. This quick article is aimed at providing you with a very brief overview of smart contracts, its usage, and key benefits.

What exactly is a ‘smart contract’?

Smart contracts are really […]

Five priorities for the corporate law firm’s technology innovation team

Contract Management Software as per the Global Deloitte CIO survey 2016-17. More than half of CIOs see innovation as a key priority. But they also feel that Managing Partners / CEOs are so risk-averse. They are unable to get the money to fund the innovation.

Many international firms today have dedicated ‘Innovation Teams’ that are tasked with looking at new technologies and provide innovative strategies for the legal firms’ future.

Legal tech applications range from expediting document searches to helping predict the outcome of lawsuits. To managing complex cross-border M&A transactions through the deployment of project management tools and software. Furthermore, companies […]

Best contract management software for your organization – Eight factors to evaluate them

Best contract management software for your organization – Eight factors to evaluate them

If you are reading this article, or if you’ve just stumbled upon it on internet, chances are that you are either wondering what is the best contract management software for your company requirements. No matter whether you are in the process of finding the right contract management software solution for your company, or you have already shortlisted some providers, this article can help you in making the right decision for selecting the best contract management software solution for your business.

1. Smooth implementation & ease of use
It’s very important that the best contract management software for your company is the one […]

5 Ways to Improve Your Sales Process with Document Management Software

5 Ways to Improve Your Sales Process with Document Management Software

4 hours – this is how much time a sales rep spends every day sending emails, doing follow up calls and other admin. Can you imagine how many hours per week your sales team is losing due to the lack of automation and management? It can be easily improved with task automation and document templates. It’s time to change your game plan and equip your sales team with the latest technology. This is where document collaboration and management system excels. In this article, we share our best practices to use DocuCollab as a way to accelerate any sales process.

1. Draft […]

Document Collaboration: DocuCollab vs Email

Document Collaboration: DocuCollab vs Email

If you look at the bigger picture of your company, you’ll most likely agree that documents and data forms an integral part of it. Just think about the daily processes – sales teams rely on correct client data, HR department is dealing with loads of training and onboarding material, the finance department is working with confidential and business-sensitive information. Documents are a necessary part of any organization and quickly becoming more collaborative in nature. As organizations move toward digitizing their business processes, the collaborative document editing and review performed using emails and word processors tend to be more problematic, error-prone […]