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The Contract Certainty Blog

The Contract Certainty Blog

The Contract Certainty Blog

Rise of the One True Contract Lifecycle Management Platform, Part 3

The Confluence of AI, Good Data, and a Mature CLM Vision

Welcome back for the third and final installment of this blog series. When we last left off, we were talking about me being floored by Jamie’s notion of the Universal Contract Model™(UCM). To re-iterate, the UCM is a simple, yet unparalleled line of thinking that not only lays the foundation for enterprise contract lifecycle management, but dictates how a contract management platform can grow and scale across the entire enterprise.

Rise of the One True Contract Lifecycle Management Platform, Part 2  

The Confluence of AI, Good Data, and a Mature CLM Vision

Thanks for joining me for the first part of my blog series- now let's move on to the second. In this edition, I want to tell the story of how I became involved with Exari and why good data is important. A little while back, I met with Bill Hewitt, Exari's CEO, and we started talking about contract management. Our discussion centered around two areas, what most contract lifecycle management companies were doing well and was somewhat commoditized, and what they weren’t doing very well.

Rise of the One True Contract Lifecycle Management Platform, Part 1

The Confluence of AI, Good Data, and a Mature CLM Vision

For over a decade now, I've been searching for the one true contract lifecycle management (CLM) platform that can do it all.  The story that I'm going to tell over the next three blog posts is one derived from my experiences, a true passion for CLM, and a desire to see customers succeed in this field.  I will not try to impress you with flashy metrics, industry buzzwords, or the hottest new tech hype; I'm simply going to tell my story as it played out, why I landed where I am now, and how I believe AI and contract management are thankfully evolving and converging in some very exciting ways.

Are you ready to turn contract words into data?

If you’re reading the Exari blog, chances are good that you’re already a forward-thinker at an innovative company. And if you’ve been tracking the contract management market, I'm sure you'll agree that it has never been more exciting with major advancements happening at a quick pace. But. let’s be straight, it hasn’t always been this way. Organizations have lived through decades of less than stellar contract management initiatives with limited adoption and an incomplete understanding of their contracts.

Contract Lifecycle Management - The bread that wouldn’t rise

Several years ago, I took a class in artisanal bread baking at the King Arthur Flour Baking Education Center. My baking partner was a retired accountant from Manchester, Vermont. When we started making our first type of bread, he seemed to be asking a lot of questions about substituting ingredients; margarine for butter, whole wheat flour for white flour, no salt, etc. When the instructor dug a little deeper, she found out that no matter what he tried, his bread wouldn’t rise.

Reduce Contract Risk with Data Insights

At a time when legal teams are inundated with data, the lack of clear and concise information and how to use that data to make transformational decisions remains elusive to most stakeholders. In recognition of this dilemma, technology is rapidly evolving to capture vast stores of “big data” and analyze them in ways that provide legal with new insights into their operations to manage risks and drive the right kinds of change to improve results.

Deploying new technology in law firms

It appears that the document automation industry is at a stage of development where there is still a lot of value to be captured by customers – that is, the benefits to be reaped far exceed the costs of implementing.

Enterprise Contract Management Can Save You from Poor Contract Visibility

Here in Boston, we’re used to getting hit with major winter snow storms. It’s a New England ritual to head out to your car before work and start scraping layers of ice and snow from the windshield. If you’ve ever found yourself in this situation you know you’ll take any shortcut to keep your fingers from freezing. The ice will melt once your heater kicks in, right? Poor visibility, I hate to admit, is a risk most of us are willing to take.