Community Generated Content – Icertis

Myth: CLM Is Difficult

The belief that Contract Lifecycle Management (CLM) is too difficult to implement is unfounded, much like claiming that managing risk and compliance or handling finance is too complex. Businesses are inherently complex due to various factors such as global connections, innovation, and digitalization. Waiting for contracts to become simpler is not a viable…

Read More

Latest

Community Generated Content - Icertis
Crawl Walk Run

For legal department operations professionals embarking on their journey of collecting contract data and improving business through contract data, it’s important to approach it with a crawl-walk-run mentality. In the crawl phase, focus on establishing a baseline landscape of contracting activity by analyzing contract volumes, types of templates used, business units involved, and…

Read More
Community Generated Content - Icertis
The Intersection of Data and Technology

Technology serves as a producer of data, and data plays a crucial role in driving change, whether it’s operational or behavioral. To achieve operational improvements, it’s essential to assess how technology adoption is enhancing efficiency. On the other hand, driving behavioral change requires leveraging data to demonstrate the value derived from implementing effective…

Read More
Community Generated Content - Icertis
Technology Investments From Businesses

The introduction of new technologies with the potential to transform work processes and business transactions always garners significant investment and interest from various stakeholders, including CIOs, CTOs, sales teams, procurement departments, and the overall business.

Read More
Community Generated Content - Icertis
AI’s Role In Contract Analysis and Intent Realization

Contract management has evolved beyond the mere creation of contracts. It now encompasses activities such as contract discovery and the integration of contract data with enterprise data.

Read More
Community Generated Content - Icertis
How does AI affect business objectives around revenue and risk?

Implementing an effective Contract Lifecycle Management (CLM) system has a significant impact on risk and compliance management. It allows organizations to proactively identify risks that may have gone unnoticed and ensures that contractual obligations are being met from a compliance perspective. With CLM, businesses can assess the fulfillment of contract intent, conduct appropriate…

Read More
Community Generated Content - Icertis
How should legal teams approach compliance considerations and ethics with AI?

The advancement in technology, such as AI-powered databases and creative generation models like ChatGPT and DALL·E, opens up exciting possibilities for personalization and customization. These capabilities allow individuals and enterprises to generate content or create artwork in a specific style or according to their unique preferences.

Read More

Latest

innovations in healthcare
Innovations in Healthcare: A Discussion with Dr. Craig Joseph at HIMSS 2024
May 24, 2024

Innovations in healthcare were easy to spot at the recent HIMSS 2024 conference. Healthcare Rethink’s Brian Urban caught up with one of those innovators for a live discussion at HIMSS 2024. podcast, Their conversation opens a window and dialogue into the cutting-edge trends reshaping healthcare technology today. This episode features Dr. Craig Joseph, the…

Read More
Preventing burnout
Achieving Professional Growth and Preventing Burnout: The Importance of Time Management and Support Networks in a Fast-Paced World
May 23, 2024

In today’s fast-paced world, balancing professional growth with personal well-being is more crucial than ever. With the rise of remote work, digital transformation, and the constant hustle culture, finding this balance has become a significant challenge for many. A survey conducted by Deloitte suggests that a whopping 77% of professionals experience burnout at work….

Read More
Fan-Centric Business Transformation
Prop Room
May 23, 2024

In this episode of the Fans First series, Jesse Cole, the mastermind behind the Savannah Bananas, shares with us that in the vibrant world of marketing, creativity knows no bounds—a philosophy embodied by a prop room and studio teeming with eclectic costumes and outlandish ideas. This creative hub, seemingly disconnected from conventional themes like bananas,…

Read More
Ace Gardner and Jacob Lewis discuss NIL Deals and Transfer Portals
NIL Deals and Transfer Portals are Also Impacting College Staff and Their Roles
May 23, 2024

College sports is undergoing a significant transformation with the advent of Name, Image, and Likeness (NIL) rights and the increasing prevalence of transfer portals. These changes are reshaping how college staff operate, presenting both opportunities and challenges. With the rise of NIL deals and transfer portals, understanding the behind-the-scenes impact on college coaching staff…

Read More
Other Community Generated Content - Icertis
Contract Data That Moves The Needle For Legal
June 6, 2023

The survey focuses on contract data and highlights three key areas that legal department ops professionals find most valuable and effective. Firstly, tracking contract value is important for demonstrating the value generated and supported by the legal department in revenue-generating activities. Secondly, monitoring turnaround times helps identify bottlenecks and improve efficiency in the…

Read More
What recent innovations are impacting the way we work?
June 6, 2023

The availability of data analytics has empowered legal departments to report and utilize legal and contract statistics for making informed decisions. The ability to generate reports on negotiated clauses, contract templates, and contract life cycle times is highly valuable. By analyzing this data, legal departments can gain insights, identify targets, and establish key performance indicators,…

Read More
Myth: CLM Belongs to Legal
June 6, 2023

While contracts are legal documents, their impact extends beyond the legal department. Contract transformation should involve other departments because contracts define relationships that belong to the entire business. Whether it’s purchasing, selling, or hiring, contractual obligations affect multiple departments. For example, security and risk teams have a vested interest in contract negotiations due to…

Read More
Role of Contracts In Managing Risk
June 6, 2023

Analyzing the role that contract management plays in risk management and discovering that CLM is your risk management, your business risk management secret weapon.

Read More
CLM: Get Intelligent With Contracting
June 6, 2023

Contract lifecycle management (CLM) should be viewed as a circular process with multiple stages. Forrester has identified six stages of the CLM process. While creating a digital repository is an important initial step, it is just the beginning and organizations need to go beyond that to fully leverage CLM. The goal is to gain intelligence…

Read More
What Is Your Why?
June 6, 2023

Contracts have often been overlooked as a valuable document throughout the entire transaction life cycle, despite being time-consuming and tedious. Recognizing the importance of leveraging contracts to track agreed-upon elements from purchase to payment and maintaining strong partnerships with their partners. By gaining insights into what was agreed upon and how it was…

Read More