We’ll Never Look at Contract Boilerplate the Same Again

2020-03-27T10:44:29-07:00

March 27, 2020

I’ve been attending legal and contract conferences for more than two decades (if you count the greatest legal conference: law school), and I don’t think the following thought has ever crossed my mind as I scanned the rooms full of attendees: “These are the kind of people who get excited ...
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We'll Never Look at Contract Boilerplate the Same Again

Force majeure clauses, once overlooked during contract negotations, will impact billions, if not trillions, of dollars in commercial value.

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We’ll Never Look at Contract Boilerplate the Same Again2020-03-27T10:44:29-07:00

5 Contract Questions AI Can Answer in a Crisis

2020-03-18T09:23:00-07:00

March 12, 2020

For many companies, a contract is seen as something to be signed, filed away, and forgotten about until something goes wrong. Yet when that something does go wrong, it is often a mad scramble to find the necessary documents to understand the implications for business. Tragically, the COVID-19 pandemic is ...
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5 Contract Questions AI Can Answer in a Crisis

Contract management software allows companies to work off one source of truth, assisted by AI able to crawl contracts at scale to surface relevant clauses.

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5 Contract Questions AI Can Answer in a Crisis2020-03-18T09:23:00-07:00

State Legislation Bolsters Case for Smart Contract Enforceability

2020-02-26T16:40:33-08:00

February 26, 2020

Last year, the Governor of Illinois signed into law the state’s Blockchain Technology Act. The act, which took effect on January 1, 2020, attempts to answer lingering questions over the legality of smart contracts. Under the act, a “smart contract” is “a contract stored as an electronic record which is ...
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State Legislation Bolsters Case for Smart Contract Enforceability

The act makes smart contracts and blockchain records admissible as evidence in legal proceedings and prohibits a court from denying a smart contract legal effect because it utilizes blockchain technology.

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State Legislation Bolsters Case for Smart Contract Enforceability2020-02-26T16:40:33-08:00

A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library  

2019-12-16T06:12:32-08:00

December 16, 2019

When I speak to legal teams about their experiences deploying an enterprise contract management platform, one of the most commonly cited benefits is also one of the most basic: fewer contract templates. In a webinar earlier this year, one Icertis customer noted how his company was able to cut down ...
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A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library

If you are contemplating a contract template rationalization exercise, here are some tips to keep in mind as you undertake this initiative.

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A 3 Step Plan for Bringing Order (and Simplicity) to Your Contract Template Library  2019-12-16T06:12:32-08:00

When Should Contract Managers Get Involved in Sourcing? The Earlier the Better

2019-12-13T15:22:47-08:00

December 4, 2019

I was reviewing my notes from the Association of Corporate Counsel (ACC) Annual Meeting and the International Association of Commercial and Contract Managers (IACCM) Americas Conference, both held in recent weeks. Coincidentally, and not surprisingly, a similar theme jumped out from both conferences: an undercurrent of frustration by commercial attorneys ...
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When Should Contract Managers Get Involved in Sourcing? The Earlier the Better

Bringing contract managers into deals late in the process continues to be a source of frustration. But a new survey shows things are looking up.

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When Should Contract Managers Get Involved in Sourcing? The Earlier the Better2019-12-13T15:22:47-08:00

How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)

2020-02-06T08:42:30-08:00

November 12, 2019

Image source: IACCM Two years ago, a working group at Airbus called ContractInnovators began investigating how they could design better contracts. As a use case, they set about redesigning a Non-Disclosure Agreement (NDA). The goal of the group was not to create a legal document that could extract more concessions ...
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How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)

The innovation and artistry around visual contracting are fascinating. But what’s really exciting about the movement is the philosophical shift that it represents.

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How to Build Visual Contracts That Convey Commercial Value (and Make People Smile)2020-02-06T08:42:30-08:00

What Does the Future Hold for Enterprise Contract Management? A Conversation with Forrester Research

2019-10-28T17:33:49-07:00

October 28, 2019

A few weeks ago, Icertis hosted an in-depth conversation about Contract Lifecycle Management (CLM) between Forrester Research’s Andrew Bartels, one of the leading analysts covering CLM, and our very own Samir Bodas, one of the most passionate CEOs in the CLM tech universe. The two met at Microsoft Studios for ...
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What Does the Future Hold for Enterprise Contract Management?

More organizations are undertaking digital transformation initiatives and the availability of CLM technology is fueling this revolution.

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What Does the Future Hold for Enterprise Contract Management? A Conversation with Forrester Research2019-10-28T17:33:49-07:00

Brexit Will Have a Massive Impact on Contracts. Is Your Company Ready?

2019-10-15T14:51:36-07:00

October 15, 2019

Last week, Icertis released new research that suggests Global 2000 companies doing business in the European Union can expect to have 1 in 10 contracts impacted by Brexit. Given that the average Global 2000 company has tens of thousands of active contracts, the findings mean thousands of contracts at each ...
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Why Brexit Is a Clarion Call for Enterprise Contract Management

10% of contracts active in Europe could be impacted by Brexit. Companies that have digitized their commercial foundation are ready.

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Brexit Will Have a Massive Impact on Contracts. Is Your Company Ready?2019-10-15T14:51:36-07:00

5 Views of Enterprise Contract Management from the Corporate Legal Department

2019-11-15T02:50:25-08:00

August 19, 2019

Whether you are a Legal Operations professional or a Chief Legal Officer at your company, contracts undoubtedly play a role in your corporate counsel responsibilities. Maybe you’ve been tasked with figuring out how to reduce the time it takes for your department to turn redlines on sales contracts that come ...
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5 Views of Enterprise Contract Management from the Corporate Legal Department

Enterprise contract management transforms how a legal department operates internally and with outside stakeholders.

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5 Views of Enterprise Contract Management from the Corporate Legal Department2019-11-15T02:50:25-08:00

Crawl, Walk, Run: A Roadmap to Understanding and Leveraging Contract Management Metrics

2019-06-27T18:43:24-07:00

June 27, 2019

Recently, a project manager at major pharmaceutical company was asked about what benefits her company is seeing from its enterprise-wide contract lifecycle management (CLM) platform. She responded that it was all about data. “Now, we are able to know how many contracts we are doing, and what is in those ...
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Crawl, Walk, Run: A Road Map to Understanding and Leveraging Contract Management Metrics

One of the major benefits of turning contracts from static documents to digital assets is the wealth of data it produces about contracts and the contract process.

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Crawl, Walk, Run: A Roadmap to Understanding and Leveraging Contract Management Metrics2019-06-27T18:43:24-07:00

What Previous Tech Trends in Legal Can Teach Us About Contract Management Software

2019-11-15T02:47:28-08:00

June 4, 2019

Note: This is an excerpt from a Q&A conducted with ElevateNext2020. The entire interview is posted here. During my legal and legaltech career, I’ve witnessed firsthand a number of digital revolutions impacting legal departments. In the early Aughts, it was the introduction of tech to improve the business of law. ...
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What Previous Tech Trends in Legal Can Teach Us About Contract Management Software

A hunger by general counsel for additional streams of data to measure value, output, or risk containment is helping to drive the next big tech revolution in legal.

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What Previous Tech Trends in Legal Can Teach Us About Contract Management Software2019-11-15T02:47:28-08:00

Exceeding Expectations: How One GC Used Contract Management Software to Become More than ‘Just a Lawyer’  

2019-11-15T02:48:07-08:00

May 29, 2019

When Colin Flannery, the worldwide General Counsel of Vertiv, joined me on stage at the 2019 Corporate Legal Operations Consortium (CLOC) Institute in Las Vegas this May, our objective was to share Vertiv's contract management journey: From having unmanaged paper contracts hidden in file cabinets located across several continents, to ...
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Exceeding Expectations: How One GC Used Contract Management Software to Become More than 'Just a Lawyer'  

The legal department demonstrated that they were the ultimate collaborators and partners to the business when they reengineered and improved the entire company's contract management process.

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Exceeding Expectations: How One GC Used Contract Management Software to Become More than ‘Just a Lawyer’  2019-11-15T02:48:07-08:00

The 5 Ws of Enterprise Contract Management for Legal Ops

2019-11-15T02:44:44-08:00

May 16, 2019

For legal departments, contracts have long been the forgotten piece of a company’s digital transformation puzzle.  An attorney in the department might be asked to enter the contract process for drafting, negotiation and review, and yet have little insight into the company's body of contracts as a whole or how the ...
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The 5 Ws of Enterprise Contract Management for Legal Ops

When? Now! Who? You!!!

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The 5 Ws of Enterprise Contract Management for Legal Ops2019-11-15T02:44:44-08:00

Enterprise Contract Management and the ‘Business of Trust’

2019-06-18T21:25:53-07:00

March 11, 2019

Almost 20 years ago, I attended a presentation by the then-GC of General Electric. He asked the audience a question that has stayed with me. We were all asked to introduce ourselves and explain what business unit of GE we worked for. One by one we spoke about the business ...
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Enterprise Contract Management and the Business of Trust

With something as critical contracts, companies need to know they can trust their contract management solution provider.

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Enterprise Contract Management and the ‘Business of Trust’2019-06-18T21:25:53-07:00

Unsure Where to Start with Digital Transformation? Try the Foundation

2019-09-27T16:14:37-07:00

February 20, 2019

In a previous blog, I noted that the GCs I meet generally fall into three categories of tech adoption: those that have adopted very little technology, those who are in the process of implementing digital solutions, and those who are demanding the next generation of technology like AI and blockchain. ...
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Unsure Where to Start with Digital Transformation? Try the Foundation

Contract management is like a building: When constructing a magnificent structure, the first step is putting a foundation in place.

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Unsure Where to Start with Digital Transformation? Try the Foundation2019-09-27T16:14:37-07:00

GCs Are Getting a Seat at the Table with Digital Contracts

2019-06-04T20:19:47-07:00

February 6, 2019

I recently joined 400 people from the legal fraternity at the CLOC 2019 London Institute, to take part in a great discussion about the future of the law, lawyers, legal operations and the big role technology is playing in transforming all these. The event reminded me once again what an ...
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GCs Are Getting a Seat at the Table with Digital Contracts

A massive transformation is underway and the interest in managing information with technology–and enterprise contract management solutions in particular--is very high.

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GCs Are Getting a Seat at the Table with Digital Contracts2019-06-04T20:19:47-07:00

Putting Data to Work: How Contracts Can Be an Ace-in-the-Hole for Successful Legal Defense

2019-06-04T20:23:27-07:00

October 19, 2018

In my previous blogs, I’ve addressed increasingly advanced applications for contract management software: First, we explored how a General Counsel could have used contract data to lower insurance premiums for their company by being able to search across its entire body of contracts. Next, we looked at a more complex ...
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How Contracts Can Help Legal Defense - Icertis

Learn how contracts can be an ace-in-the-hole for successful legal defense. Icertis explains how general counsel can benefit here!

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Putting Data to Work: How Contracts Can Be an Ace-in-the-Hole for Successful Legal Defense2019-06-04T20:23:27-07:00

One Overlooked Obligation Cost His Company Millions. And It Could Have Been Avoided.

2019-06-04T20:27:17-07:00

September 3, 2018

In my previous post, I related a story from a colleague who missed significant costs savings because of his inability to search his contracts, and how a central repository of digital contracts could have solved the problem. Today, I want to build on my last post and discuss how risks ...
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Protect Yourself From Missed Contract Obligations - Icertis

Learn how contract management systems are used to protect companies from financial and reputational damage from contract obligations.

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One Overlooked Obligation Cost His Company Millions. And It Could Have Been Avoided.2019-06-04T20:27:17-07:00

How the Modern GC Is Transforming Their Business Impact

2019-06-04T20:27:38-07:00

August 20, 2018

Managing risk and reducing cost for an enterprise are goals at the forefront of every General Counsel’s mind these days. GCs are playing an increasingly strategic role in the C-suite and need to think proactively about how they can reduce their company’s exposure to reputational, financial, and legal risk while ...
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How General Counsel is Transforming Their Business Impact

Managing risk & reducing cost for an enterprise are goals at the forefront of every general counsel’s mind these days. GC plays a strategic role in the C-suite.

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How the Modern GC Is Transforming Their Business Impact2019-06-04T20:27:38-07:00

Why Legal Departments Are Being Asked to Approve Contracts Faster

2019-06-04T20:32:30-07:00

June 18, 2018

The accelerating pace of business has created many new opportunities for today’s enterprises, and with it new and heightened risks for them to navigate. To help them succeed in such an environment, companies are relying on their general counsel to play an increasingly strategic role in determining a path to ...
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Why Legal Department Contracts Need Faster Approval

Legal teams are turning to enterprise contract software to manage their contracting processes. Companies must accelerate to keep up with changes. Download our ebook.

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Why Legal Departments Are Being Asked to Approve Contracts Faster2019-06-04T20:32:30-07:00

Big CLOC Turnout Shows Growing Interest in Digital Contracts

2019-06-04T20:35:03-07:00

April 30, 2018

More than 2,000 attendees and 750 organizations turned out to the third annual Corporate Legal Operations Consortium (CLOC) US Institute, held last week in Las Vegas. Attendance at the conference, which brings together the world’s top legal operations professionals, has quadrupled since the inaugural event was held in 2016. This ...
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CLOC Conference - Growing Interest in Digital Contracts - Icertis

Learn more on The Corporate Legal Operations Consortium conference in Las Vegas and how legal teams are getting serious about digital transformation.

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Big CLOC Turnout Shows Growing Interest in Digital Contracts2019-06-04T20:35:03-07:00

Is Your Contract Management Process Giving Your Legal Team a Headache?

2019-06-04T20:43:08-07:00

December 11, 2017

According to PricewaterhouseCoopers, the average Fortune 2000 company now holds 20,000-40,000 active contracts. Global supply chains, multi-jurisdictional businesses, and changing regulations have also made contract management more complex. Unfortunately for legal teams, contract management processes have not kept pace with marketplace changes. Manual contract management is still a common practice, ...
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Is Your Contract Management Process A Legal Nightmare?

Poor contract management can cause costly problems for your legal team. The Icertis Contract Management platform gives insight & relief from legal team burdens.

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Is Your Contract Management Process Giving Your Legal Team a Headache?2019-06-04T20:43:08-07:00

How Well Does Your Current Contract Management System Handle Third-Party Paper?

2019-06-04T20:45:32-07:00

September 4, 2017

Capturing the potential value in a third-party contract is an on-going challenge – especially for a global enterprise. Can your contract management system manage a third-party contract as well as the ones native to your organization? A recent study by PwC highlights the impact of not capturing the full value ...
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Can Your Current CLM System Handle Third-Party Paper?

Capturing value from third-party contracts can be hard for any company. Icertis has developed a powerful platform to simplify contract management issues.

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How Well Does Your Current Contract Management System Handle Third-Party Paper?2019-06-04T20:45:32-07:00

What’s next for the Legal Industry? 3 Key Take-Aways from LegalTech

2019-08-20T13:09:52-07:00

February 6, 2017

More than 10,000 lawyers attended ALM’s Legaltech event. Part of the Legalweek Experience, the conference brought legal experts together with technology leaders in three days of lively discussions. The consensus? Driven by pressure to cut costs and improve efficiencies, legal departments across all industries are experiencing transformational changes. What role ...
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The Future Of The Legal Industry: LegalTech Key Takeaways

The LegalTech conference attracted thousands of law professionals and revealed key legal insights. Read more below!

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What’s next for the Legal Industry? 3 Key Take-Aways from LegalTech2019-08-20T13:09:52-07:00

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