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 geographies where contracts are signed. In the walk phase, progress to collecting data on contract value, turnaround times, and process delays to identify inefficiencies and make informed decisions for process improvement. In the run phase, more mature organizations can delve into analyzing deviations from standard language and approved processes, as well as evaluating obligations and performance post-execution. Taking incremental steps and gradually expanding the scope of data collection and analysis will lead to a more successful contract life cycle management data program.

Recent Episodes

As organizations face mounting pressure to modernize legacy processes, legal departments are transforming into broader strategic partners. At the intersection of digital transformation and legal innovation lies contract lifecycle management (CLM), a function increasingly viewed as a business-critical discipline. According to a McKinsey report, companies that optimize CLM processes can reduce contracting cycle times by…

As the complexity of federal contracting deepens with each new regulation, executive order, or technology shift, agencies are searching for clarity and cohesion. With AI and digital transformation taking center stage across public and private sectors alike, the stakes have never been higher—especially when it comes to making taxpayer dollars count. According to the U.S….

As AI reshapes enterprise operations, one of the most overlooked assets in digital transformation is a company’s contract history. These “heritage” agreements, once deemed outdated or archival, are now emerging as a goldmine of operational insight—especially when powered by AI-driven contract lifecycle management (CLM) tools. With nearly 60% of executives believing that contract data is…