By: Editorial Staff, Date: July 19th, 2022
Effective contract management is pivotal for modern businesses, no matter the size. From the early planning stages until the renewal, managing contracts is integral in dealing with stakeholders like clients, workers, and customers.
Hence, to eliminate compliance risks and achieve greater efficiency, companies must discover how contract management systems work and why there’s a need to establish one.
What Exactly Is CLM?
Contract Lifecycle Management, or CLM, is the process of monitoring and managing business contracts from the negotiations and execution as well as the renewal or expiry stage. This efficient and methodical management system is achieved through the use of CLM software solutions.
Want to level up your CLM strategy?
Click here to join our upcoming LIVE Webcast: How to Develop Contract Lifecycle Management: Strategies and Techniques for Improved Workflow on Thursday, July 21, 2022, from 1:00 pm to 2:00 pm (ET).
What Is a CLM Software?
A CLM software/ solution aims to digitize and streamline the entire contract lifecycle management process. It may contain several functionalities including advanced analytics, contract metrics, and AI integration.
How Malbek Can Help
Malbek provides cutting-edge contract management software solutions that help organizations struggling with large amounts of contract data.
From Finance and Sales to Legal and Procurement units, Malbek’s CLM solution integrates automation and artificial intelligence to eliminate manual tasks, speed up approvals, and streamline contract processes. To learn more, visit www.malbek.io!
Upcoming Webcasts
Beyond Individual Claims: Examining Class Action Litigation
Class action litigation continues to be a significant force in today’s legal landscape, offering a mechanism for addressing widespread grievances and holding corporations accountable for systemic issues. However, with the complexity of handling large-scale claims, there are various legal, procedural, and strategic considerations that legal professionals must navigate. From certification to settlement, the stakes are higher, and the implications broader than in individual claims. Understanding these dynamics is crucial for lawyers, corporate counsel, and litigants alike. In this CLE webcast, Stefan Boedeker of StoneTurn Group, LLP will lead an in-depth discussion on class action litigation. He will analyze the latest trends, challenges, and strategies in managing class actions, and examine recent case law developments and their potential impact on the future of class action litigation. Additionally, he will offer insights into the ethical dilemmas and risk management strategies that arise in these cases.