Contract Logix

Contracts

David Parks | Contract Logix

Contracts are the backbone of every modern organization, and how to manage and digitally transform the contract process is now part of the senior leadership conversation.

Contracts

Dave Parks | Contract Logix

Research firm Gartner predicts that by 2025, legal departments will dramatically increase their spend on legal technology. The firm also noted that by 2024, legal departments will automate half of the legal work associated with key business transactions, but that these same departments will capture only 30 percent of the potential benefit of their contract lifecycle management (CLM) investments by 2025.

Dave Parks | Contract Logix

Chief legal officers, general counsel and their in-house legal teams have dramatically accelerated their digital transformation initiatives since the start of the COVID-19 pandemic. This has resulted in an explosion of contract lifecycle management (CLM) software adoption, but after the purchase decision has been made, how can organizations measure the success of CLM software implementation?