Contracts are the lifeblood of every business. No matter which field your organization calls home, whether it be finance, government, or healthcare, your relationships with clients and partners are formed via contracts. Not only do they provide details about the exact terms and expectations required on both sides of the agreement, but they also …
So, you’ve heard the buzz about the newest wave in legal-tech: CLM solutions. With contracts at the forefront of nearly every business agreement that takes place, finding ways to improve the quality and efficiency of the contracting experience should be at the forefront of every organization’s priorities. But, what exactly does a CLM tool bring …
Legalweek is one of the most important and relevant conferences for legal professionals all over the world and throughout every aspect of the industry. Packed with panel sessions and key speakers, this conference allows anyone working in the legal realm to come together with peers in order to discuss recent developments relevant to legal professions, …
Why Insurance Companies Need Contract Management Solutions In every sector ranging from healthcare, to automobile, to home, to life insurance and more, insurance providers must negotiate and establish contracts with providers, clients, and more. No matter what type(s) of insurance a company provides, contract management solutions are necessary. The business of insurance consists of a …
Why Financial Institutions Need Contract Management Solutions Financial service institutions deal with highly sensitive subject matter so the quality of their contract management solutions is critical. Managing contracts, especially at high volumes, can be complicated and challenging. Contracts are important because the terms and conditions are legally enforceable. When contracts deal with the financial well-being …
Why Education Institutions Need Contract Management Solutions Educational institutions manage large volumes of contracts across decentralized networks of structures, systems, and departments. These complex academic systems depend upon contracts with vendors, suppliers, service providers, legal advisors, and more. Today, educational institutions are simultaneously experiencing increasing financial pressure and decreasing budgets. Under this pressure and increasingly …
Why Pharmaceutical Companies Need Contract Management Solutions As a vast sector that researches, develops, and distributes medicine and drugs, the pharmaceutical industry is a critical component of healthcare. Today, pharmaceutical companies face an increasing list of challenges. These complexities include extensive clinical trials, regulatory compliance, risk mitigation, quality assurance, supply chain dynamics, spend control, and …
On the surface, contracts may seem like a formality to most business relationships, nothing more than an agreement to sign and file away. However, every contract represents a detailed look into the business relationship between your company and another party, whether it be customers, vendors, contractors, or even employees. These relationships are the tools that …
Optical character recognition (OCR) technology is certainly a mouthful to pronounce, but the concept itself is quite simple. Software that utilizes this technology has the ability to convert printed or written text from images and scanned documents into online, machine-readable text. The online form of this text can then be searched, edited, accessed, or repurposed for the …
A Guide to Optical Character Recognition (OCR) Technology Software Read More »
On the surface, contracts may seem like a formality to most business relationships, simply an agreement to sign and file away without ever assessing it again. But the contracting process is not only intricate, but extremely important to the growth and success of any organization. Every contract represents a detailed look into a business relationship …
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