Employees of top firms still admit to signing, receiving, and storing paper contracts. Even where contracts are being digitally created and signed, the legal and business teams are negotiating and redlining contracts back and forth through a flurry of emails. The legal teams, bogged down with huge volumes of work, often short-staffed and short-skilled, are unfairly labeled as blackholes (or worse) as they struggle to respond to the speed of business in an ever-more dynamic marketplace. Stakeholders are under constant pressure from leadership to spot, learn and mitigate unforeseen contractual risks. And amidst all of this, enterprises are failing to make the most of their contracts, and the technology available.
In this paper, we will discuss just how you can make the most of your contract lifecycle management, and the roadblocks and fears that accompany the state change from current to ideal.