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Quantifying Your Data with RealAnalytics

On Sep 1, 2020, Posted by , In Digital Contract Management,RealContract, With Comments Off on Quantifying Your Data with RealAnalytics

Contract Management initiatives have suffered from a lack of quantifiable benefit, sidelining the value to simply improving governance and compliance. Over the last two decades research houses have made a stab at the financial benefits, anything from 2 to 7% on procurement spend, improvements in revenue collection, to 9% of…

Why go to Electronic Signatures?

On Apr 14, 2020, Posted by , In Digital Contract Management,Digitisation, With Comments Off on Why go to Electronic Signatures?

Electronic signatures versus manually signing paper-based forms, documents and contracts. Your manual processes can expose your organisation to several risks and unnecessary costs. Examples from our contract review consultancy work include: Not being able to identify the signatory Not being able to identify the witnesses No supporting documentation as to…

Different Types of Signatures

On Apr 14, 2020, Posted by , In Contract Management,Digital Contract Management,Digital Transaction Management,Digitisation, By , , With Comments Off on Different Types of Signatures

There are 4 different types of signatures the business world, and often the definitions can be mixed up or blurred. Let’s take a moment to clarify: 1. The Wet Signature: Is any physical mark on documents created by a person. In most cases it’s writing your name in cursive on…

A Case Study for Contract Lifecycle Management in the Mining Industry

On Mar 3, 2020, Posted by , In Digital Contract Management, With Comments Off on A Case Study for Contract Lifecycle Management in the Mining Industry

Contract Lifecycle Management has many benefits for corporations within the Mining Industry. In this case study, we explore what some of these benefits are and how they applied to a client of ours. Shortly before going live with our CLM software application we asked our client three questions: Why they…

Legal Tech versus CLM Software

As contract management software and implementation specialists, the latest release by the IACCM (International Association for Commercial Contract Management) rings true, with a specific warning on comparing “legal tech” to contract management lifecycle software and where contracting impacts on the entire enterprise within a specific, focused discipline. For Organisations seeking…

7 Risks in not Automating & Digitising Business Processes

On Feb 8, 2019, Posted by , In Digital Contract Management,Digitisation, By ,,, , With Comments Off on 7 Risks in not Automating & Digitising Business Processes

There are 7 risks that many organisations face if they still have paper-based processes, or rely on spreadsheets and personal work-arounds for tasks that can be easily automated. These manual activities can expose the organisation; Human error, oversight and corporate amnesia Inefficient use of staff time and unnecessary work Poor…

Going Digital is Simple

Going digital is simple – but simple has never been easy. We have taken two decades of experience and learning to distil and offer a best practice approach that makes digital contracting seem simple. The six concepts to consider The essence of an organisation is reflected in the contracts that…

Where does an organisation start in automating contract processes?

On Oct 2, 2018, Posted by , In Contract Management,Digital Contract Management,Digital Transaction Management,Digitisation, By ,,, , With Comments Off on Where does an organisation start in automating contract processes?

Where does an organisation start in automating contract processes? We think it’s time to pause and reflect on automating contract processes; where an organisation should be placing the contract management function, who the sponsors should be, and what is most important. To understand where the function should be placed, depends…

Platforms

What exactly is a platform economy, and how does it impact business? Is there immense value, hidden and locked away in our traditional way of thinking? How can we adapt to meet the challenges of the fourth industrial revolution, stay relevant and prevent ourselves from being disrupted? What is a…

Know Your Customer

Do you really know your customer? The topics: Know your customer and customer authentication is becoming more  prevalent, and impacting more industries. From Financial Services, to Telecommunications, Medical and Real Estate. Managing these processes and getting to know your customer, both from an on boarding perspective as well as maintaining…