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.

contract lifecycle management,webcast

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

2022-12-29T01:33:05-05:00

Chapter 11 Bankruptcy Protection: Resolving Complex Issues in Business Reorganizations

The recent months have seen an uptick in bankruptcy filings as a continued result of the economic distress brought by the COVID-19 pandemic. With the increasing concerns for inflation, rising interest rates, labor shortages, and market volatility, access to bankruptcy protection is indispensable, especially for financially distressed companies. While taking refuge from the debt crisis doesn't come without a cost, reorganization under Chapter 11 of the Bankruptcy Code offers a viable way for many businesses to have a fresh start and get back on track. However, businesses must still be wary of the potential drawbacks amid the shifting regulatory climate of bankruptcy law.