AI Or CLM: Can AI Replace Contract Lifecycle Management?
For years, organizations asked whether they should build software themselves or buy a commercial solution. Today, many enterprise teams are asking a different version of the same question: Do we really need CLM software, or can we just use AI? For organizations that need control, consistency, compliance, and scale, the answer is clear: Intelligences needs Infrastructure.
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Contracts 365 AI Extraction Companion
When it comes to contracts, metadata isn’t just a minor technical detail. Metadata is, quite literally, what allows modern Contract Management systems to transform contracts from static documents into actionable business assets. The Contracts 365 AI Extraction Companion automatically identifies and extracts key data from contracts. It is an incredibly powerful tool that’s intuitive, easy to use, and seamlessly integrated into the Contract 365 platform.
The Importance of Metadata in Contract Lifecycle Management
Contracts are more than just documents, they are the foundation of business relationships. But if you are not able to efficiently track and manage key terms, risks increase, obligations get missed, and business gets bogged down. This is why metadata is so important. Learn more about what metadata is, why it matters in contracts, and how to put it to work for you.
Contracts 365 for Microsoft Dynamics
If sales are the lifeblood of your organization, it's imperative to ensure that sales agreements move through your organization as quickly and efficiently as possible. Contracts 365 is designed to tightly integrate with Microsoft Dynamics 365 for Sales — to keep stakeholders informed, to keep contracts in compliance, and to help you close deals faster so that you can recognize revenue sooner.
Why Choose Contracts 365 for Contract Lifecycle Management?
Contracts are the currency of business. In fact, there's virtually nothing you can do in business today without having a signed contract in place. And, if you've spent any time in a contract-intensive organization, you know that few things are as important as keeping your contracts moving. Learn how Contracts 365 supports your organization in these endeavors and makes the most of your Microsoft platform.
A Guide to CLM Implementation Success
According to the World Commerce and Contracting Association, roughly 85% of CLM implementations fail. So staggering, in fact, that at Contracts 365, we've built our entire business around making sure we're in the other 15% - getting our customers up and running quickly and celebrating their successes for many years to come. Learn more about what it takes to ensure your company adopts, uses and loves its new contract management software.
The 30-Second Contract Imperative
If a software isn't fast, easy, and intuitive, no one will use it. It's as simple as that. Whether you're implementing your first contract management system or re-evaluating your current CLM provider, it's important to remember that usability is as important for your everyday business user as it is for your contract management team. That's why the 30-Second Contract Imperative is so important.
Your Roadmap to Contract Management Greatness
According to Gartner, Contract Lifecycle Management software is no longer a "nice to have" initiative, but rather a "must have" business practice. In fact, when you consider the impact contract management has on revenue, expenses, and the profitability of your day-to-day operations, a robust contract management system is a business-critical application. But, where does one get started?
NDAs: A Quick Win for CLM Implementation Success
So many of today's business activities depend on contracts. With an effective CLM software solution, you can improve contract visibility, remove bottlenecks, and increase efficiency across the organization. But, implementing software that affects so many aspects of your organization can be daunting. With many of our customers, we recommend starting somewhere you can gain a quick win.
Contract Management 101: Understanding Contract Management
Contracts are vital to just about every aspect of your business' operations. They protect you. They help you pay vendors - and get paid by customers. They let you close deals and share ideas. But, they can be labor intensive and can bottleneck various aspects of your organization. Given their importance, it's imperative to understand their lifecycle, how to manage them, and how to implement a successful CLM software solution.
How to Write an Effective Request for Proposal (RFP) for New CLM Software
Purchasing a CLM software solution may be one of the most important investments your organization makes. The right CLM software introduces efficiencies and drive savings across your organization while improving effectiveness, ensuring compliance, and safeguarding interests. That's why it's important to choose your CLM vendor carefully.
Contracts 365 Sample RFP Worksheet
Need a hand getting started? We've compiled this comprehensive excel worksheet to help you organize your approach to your RFP.
Demonstrating the Value of Contract Management
At Contracts 365, we spend a lot of time thinking about - you guessed it - contracts. And, as a provider of world-class CLM software, we find ourselves talking to people who are looking to justify an investment in cloud-based contract management software. If you're in the process of selecting such a system for your organization, you might be asked to do the same.
The High Cost of Doing Nothing
Inertia is a powerful force. Most people are familiar with the idea - a body in motion tends to stay in motion while a body at rest stays at rest - unless, acted upon by an outside force. When it comes to organizational change, those outside forces are everywhere. The urge to innovate, the need to avoid risk. Sometimes these pushes and pulls cancel each other, and when it comes to purchasing a CLM software solution, some companies opt to do nothing. But, is that really the best move?
AI-Powered Contract Lifecycle Management
Since the release of ChatGPT, Artificial Intelligence and Machine Learning (AI ML), Generative AI, and Large Language Models (LLM) have been dominating headlines and technology conversations. The world of Contract Lifecycle Management is no different. And, for good reason. The prospect of accelerating contract reviews and decreasing workloads with the help of AI is exciting.
Contracts 365 for Salesforce: An Unparalleled Integration for Sales Enablement
When an organization’s sales team isn’t aligned with its legal team, you get competing priorities, fractured processes, and sales cycles that can quickly grind to a halt. But there’s hope. And it lies in the tight integration of CRM and CLM systems—knowing how to leverage each system’s strength to supercharge them both. To close deals faster. To recognize revenue sooner.