Juggling numerous contracts at once can become an overwhelming task that can spiral out of control. Contracts can be as short as one paragraph to as long as thousands of pages, which demands the need to be continuously looked after throughout their lifecycle. It is not enough just to store data onto a centralized platform. Therefore, contract management should be viewed as a process that can be changed and improved overtime.
Today we issued a press release about Silicon Collar, a new book written by noted industry analyst Vinnie Mirchandani. Vinnie has been independent for a while now, and has penned a number of books including The New Polymath and SAP Nation. Vinnie always brings a pragmatic view to his topics, and this new book is no exception.
Do DNS attacks mean you should have a backup plan?
Last week, DNS attacks leveled key gateways leading to dozens of outages amongst business applications. For so many companies who have become dependent on SaaS applications or cloud-based services it was a scary event that at a minimum led to a loss of productivity.
In Cambridge, just across the Charles River from Exari’s Boston headquarters, MIT’s Bengt Holmström and Harvard’s Oliver Hart have spent decades researching contracts, both how they look and how they shape our world and daily lives. On Monday, they were awarded the 2016 Nobel Memorial Prize in Economic Science for their research into “Contract Theory.”
It was a beautiful afternoon in Boston as Chief Compliance Officers from the area convened to discuss the changing role of compliance at their financial services firms. The venue, Top of the Hub, is situated at the highest point in Boston – amazingly appropriate given the conversation quickly gravitated towards visibility and the difficulty of transforming ISDA Masters & CSA’s into data that can be more easily analyzed and operationalized.
Last week, Exari teamed up with IACCM for an insightful webinar to explore the meaning of “Contract Certainty” and how you and your business can work towards achieving it. Attendees also got a look into our Universal Contract Data Model™ and what’s in store for the future with the newly announced CMA Contiki and Exari combination.
“You’re wanted upstairs. Now. As in, immediately.” There’s nothing quite like these words to kick off a relaxing day at the office. You head up to the executive suite wondering what fire-drill, or firing offense, awaits.
Today we announced DocGen 7.0, a major release in the history of this market-leading product. For those of you who are new to Exari, we were the first XML-based document assembly product on the market nearly 15 years ago. Today, our DocGen engine powers thousands of documents and contracts for hundreds of thousands of users worldwide.
You know you need contract management software. As Gartner reported recently, “CLM Is Moving From ‘Nice to Have’ to ‘Need to Have.’” But how to convince your boss?
Wikipedia defines eating your own dog food or dogfooding as a way for a company to demonstrate confidence in its own products. The idea is that if the company expects customers to buy its products, it should also be willing to use those products itself. The marketing folk tend to refer to the same concept as the slightly more urbane "drinking your own champagne."
Welcome back for installment two of The 5 Scariest Questions Your CEO Could Ask About Your Contracts, based off our recent webinar of the same name. In Part 1, we detailed the first three situations in which not knowing your contracts inside and out could make you shake in your boots: 1) an M&A event 2) a rogue vendor and 3) an MFN clause. Let's dive into the rest.
Even if you’re not scared of your CEO, you may be scared of the questions they could ask about your risk and liability. It's a good thing your contracts can probably tell you everything you need to know. We recently produced a webinar called The 5 Scariest Questions Your CEO Could Ask About Your Contracts. Pulling from the webinar, we'll go through the five scenarios in which your ability to mine into your contract data could make a massive difference to your business and your reputation.
Today we announced Exari Contracts Hub™, the newest offering to advance the practice of Contract Lifecycle Management. Who cares, you ask? Well, you should. Every business runs on contracts. And every business knows their customers (CRM) their accounts (financials) their suppliers (procurement) and their employees (HCM). What do all of these have in common? They are ruled and governed by contracts.
We spend our days pouring over numbers, making them make sense, making them grow or shrink based on what’s best for our business and the businesses of our clients. But one number has stuck in our heads and made it impossible to do nothing. Over 1.1 million kids in Florida go hungry.
The last year at Exari has been marked by unprecedented progress. Our team has grown by over 45%, we’ve expanded our customer base substantially, our existing customers have continued to expand their use of our solutions across their companies and we’ve expanded our offerings in exciting ways. Our customers have always been our partners in our success, and we continue to listen to them as our business grows. We are leading the market in a number of important trends driven by regulatory and industry forces. We have followed trends in the market, in the law, in the demands of regulators and industry leaders. Because we continue to meet or exceed our goals, it was time to put ourselves in the best position to maintain this momentum for years to come.
We at Exari are beyond excited to announce the launch of our new website – reimagined, revitalized and revamped. Our new site not only makes finding what you’re looking for easier, it introduces a host of new content that makes a strong case for why CLM is the way of the future. The new site also better reflects of our state-of-the-art technology, the knowledge of our ever-growing (not to mention diverse) team of experts, and our commitment to helping companies harness the power in their contracts.
For the second consecutive year, in conjunction with General Counsel Metrics, LLC , we are pleased to invite you to take part in the fourth General Counsel Metrics Law Department Benchmark Survey. It had more than 1,000 total participants last year, each of whom enjoyed access to valuable benchmarking data coming out of the survey.
Exari fielded a team of runners last week in Boston for the 5th Annual Lawyers Have Heart 5K Road Race. This is the second year that we have supported the race, which raises critical funds for the American Heart Association (AHA).
Will implementing a contract management solution improve your bottom line? Does document assembly software speed up your time to contract? Which solution is most cost effective for your document types?
Usually we use this blog to bring you the latest information about document assembly and contract management. But today we would like to share with you a recent experience shared by our team. We feel that it's important for us as a company to build a corporate culture of innovation and to give back to our community.
Thanks to all of you (and there were more than 400 in-house attorneys) who completed our recent Sales Contract Survey which we conducted in conjunction with InsideCounsel Magazine.
Following our recent webinar, Managing OTC Derivatives Documentation in a Central Clearing Environment, Julia Schieffer posted a list of her favorite resources for derivatives professionals in search of explanations for some of the jargon used in the derivatives industry.
Compared to the typical environment for bilaterally traded OTC derivatives, central clearing adds complexity through the inclusion of multiple parties and the need to manage different sets of legal contracts. In this new market environment, if documentation management is not streamlined, financial institutions will face increased legal costs and operational risks.
Do you work in a large company or law firm? If so, be sure to download the webinar recording on how Dow Jones and DLA Piper have benefited (in quite different ways) by automating the sales contracting process.
As technology and the economy have created more and more pressure to close deals faster with less cost, innovative sales executives are looking for ways to accelerate their sales cycle without increasing headcount and costs.
Company culture is heavily influenced by the views of its leaders, particularly the people who’ve been around since ‘Day 1′. Exari co-founder and Chief Technology Officer, Dr. Justin Lipton, is one such person.
Legal In house lawyers are back in vogue. For the first time in years, more GCs plan to hire extra in-house lawyers than not. Indeed, just under half of all GCs surveyed (49%) in the latest Altman Weil Chief Legal Officer Survey (2008) are planning to beef up their internal legal teams. Which is great news for corporate counsel.
Today marks the release of Exari 5.2, which proves that little things can make a big difference. Rather than one or two headline-grabbing new features, 5.2 tweaks and enhances a wide range of existing features, all of which add up to a better user experience and better business outcomes.
If you want to create tighter contracts without huge legal bills, then drop by the Exari booth (3114) at RIMS. We’ll be more than happy to show you the latest web-based tools for creating great contracts, with a whole lot less risk.
About 400 years ago, Shakespeare thought the people would rise up and kill all the lawyers. Now, Richard Susskind reckons technology will put most of them out of a job. And just in case you don't get time to read his new book, the key message is neatly summed up in the title: The End of Lawyers?
I’m not sure whether it’s ‘cool’ for us to be promoting the fact, but we’re going to anyway.
Precedent automation. Document assembly. Online legal services. Disruptive innovation. Precedent economics. It was all under the microscope in Sydney last week at the Precedent Automation Conference. A rare gathering (physical and virtual) of document automation experts came together to reflect on the past, present and future, and made some interesting predictions about the coming revolution in the way documents (especially legal documents) are produced, delivered and consumed.