The Importance of Data in Effective Vendor Scorecards: Key Considerations for Vendor Scorecard Data Effective vendor scorecards rely on the foundation of good data. It is not uncommon for companies to invest significant effort in creating complex scorecards to evaluate vendor performance against contractual terms and intangible requirements, only to discover that the supporting dataContinue reading “The Importance of Data in Effective Vendor Scorecards: Key Considerations for Vendor Scorecard Data”
Author Archives: Steven A Nichols
Using CLM Strategy to Streamline Contract Risk Management
Using CLM Strategy to Streamline Contract Risk Management Contract risk management is an essential part of any legal department. The risk of contract-related errors and oversights can lead to expensive complications, delays, and costly litigation if it’s not handled correctly. However, managing contracts can be time-consuming. Leveraging legal technology offers the potential to streamline theContinue reading “Using CLM Strategy to Streamline Contract Risk Management”
Century Housing Corporation: A CLM Case Study
Century Housing Corporation: A CLM Case Study Founded 25 years ago, Century Housing Corporation has utilized Microsoft Word and Excel to manage their contract lifecycle. In their effort to streamline their complex procedures, Century sought out an adequate Contract Lifecycle Management System (CLM). After viewing a demonstration from JhEnsley Consulting, Century Housing implemented Agiloft CLMContinue reading “Century Housing Corporation: A CLM Case Study”
Trust AI for Legal Research, But Don’t Forget to Verify Output
Trust AI for Legal Research, But Don’t Forget to Verify Output As technology advances, more and more lawyers are utilizing AI-based tools and makerspaces to assist with various aspects of legal research. Generative AI, in particular, is becoming increasingly popular in the legal industry and is being used to assist with tasks such as legalContinue reading “Trust AI for Legal Research, But Don’t Forget to Verify Output”
Unveiling the Pitfalls of Vendor Scorecards in Effective Vendor Governance
Unveiling the Pitfalls of Vendor Scorecards in Effective Vendor Governance Vendor scorecards are widely used as a tool for evaluating vendor performance and ensuring effective vendor governance. However, these scorecards often fall short of their intended purpose, failing to generate the value they were designed to create. In this blog post, we will explore theContinue reading “Unveiling the Pitfalls of Vendor Scorecards in Effective Vendor Governance”
Accor’s Agility CLM Case Study – From Research to Solution in Eight Weeks.
Accor’s Agility CLM Case Study – From Research to Solution in Eight Weeks. When Accor, a global hotel giant, was looking to replace their existing Contract Lifecycle Management (CLM) system, they began to conduct careful research and planning. After evaluating multiple solutions, it became apparent that Agiloft’s powerful CLM-in-a-Box solution was the perfect fit forContinue reading “Accor’s Agility CLM Case Study – From Research to Solution in Eight Weeks.”
How Automation is Improving The Business Contract Cycle
How Automation is Improving The Business Contract Cycle Contracts are the lifeblood of businesses, but managing them can be complex and time consuming. Workflow automation can make the process much easier and more productive, with two key examples being getting automatic approvals and using electronic signatures. In this article, we’ll examine the advantages of usingContinue reading “How Automation is Improving The Business Contract Cycle”
The Icertis approach to Generative AI
ExploreAI: Transforming Contract Lifecycle Management, Automation, and Intelligence The world of contract management is being revolutionized by Icertis ExploreAI. This AI-powered contract intelligence partner is set to transform Contract Lifecycle Management (CLM), automation, and intelligence, offering numerous benefits for organizations. In this article, we will explore how ExploreAI reshapes contract management, unlocking efficiency and valuableContinue reading “The Icertis approach to Generative AI”
New Case Study from Icertis
New Case Study from Icertis Icertis, the contract intelligence company, recently announced that Vaillant Group has selected Icertis Contract Intelligence (ICI) to digitally transform their contract-driven processes across enterprise operations in 60 countries. Vaillant Group is the world’s largest brand in the commercial HVAC (Heating, Ventilating, and Air Conditioning) market, expanding into more than 20Continue reading “New Case Study from Icertis”
Unlock the Power of Legal Operations with Generative A.I.
Unlock the Power of Legal Operations with Generative A.I. As the digital transformation continues to revolutionize the business world, the need for enhanced legal operations is increasing. As such, organizations of all sizes have recognized the value in integrating A.I. into their workflows. Generative A.I. has emerged as a powerful tool that can increase productivityContinue reading “Unlock the Power of Legal Operations with Generative A.I.”