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Go Beyond Contract Management

With unmatched technology and category-defining innovation, Icertis pushes the boundaries of what’s possible with contract lifecycle management (CLM). The AI-powered, analyst-validated Icertis Contract Intelligence (ICI) platform turns contracts from static documents into strategic advantage by structuring and connecting the critical contract information that defines how an organization runs.

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Contract Data That Moves The Needle For Legal

June 6, 2023
Icertis
KPIs
legal department
Organizations
+more

 

 

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 contract review and approval process. Accelerating speed to contract is crucial in the current market.

Lastly, tracking deviations from standard terms is essential for the legal department to mitigate risk and ensure compliance with language designed to protect the company. Overall, these key performance indicators (KPIs) help legal departments enhance their effectiveness and contribute to the organization’s success.

Recent Episodes

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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 […]

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