zycus-enterprise-logo

Accelerating Contract Closures Via Self-Service Contract Authoring

Accelerating Contract Closures Via Self-Service Contract Authoring

Legal teams in large organizations encounter many ongoing contracts. They need to be extremely efficient and ensure that contracts authoring leads to better decision making. The process should boost the profits and brand value of the company.

Contract breaches due to crude authoring can result in loss of reputation and legal damages. The risks associated with these losses are monumental.

An IACCM study was conducted among the IACCM member companies. Around 77% of those companies believed that project delays or cost overruns are a regular loss source. Around 53% of the member companies highlighted that claim and dispute settlements were a source of loss. Around 26% experienced losses and delays from contract cancellation, and a similar percentage faced revenue leakage from liquidated damages.

Many legal departments are turning to AI-powered CLM technologies to streamline legal research and contract drafting. AI-powered contract authoring helps enterprises achieve a faster time to revenue and improves cycle times. It significantly reduces legal operating expenses by allowing users to create contracts in self-service mode.

Download Zycus’s latest eBook on how self-service contract authoring can lead to quicker contract closures. The eBook discusses the following:

Hidden
By submitting this data, I acknowledge that I have read the Privacy Policy of Zycus and consent to the processing of my personal data in accordance with the terms of the Privacy Policy.

Recommended Reading​

Why general
E-Book

Why General Counsels Are Ushering In Cognitive Contracting, Now!

Gartner Report – Quick Answer: How To Prepare For Migrating Legacy Contract Data Into A CLM Solution
E-Book

Gartner Report – Quick Answer: How To Prepare For Migrating Legacy Contract Data Into A CLM Solution

Scroll to Top

Get Buy-In for CLM Technology: Your One-Stop Guide to Building a Business Case

Hidden