What recent innovations are impacting the way we work?
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, leading to significant efficiency improvements. These projects have proven beneficial for both the legal and business teams, driving positive outcomes.