All companies – from retailers to hedge funds – know that customers are their number one priority. Client obligations are always the first concern as customer satisfaction is the only reliable road to growth. The 2013 Lloyd’s Risk Index cited “loss of customer” or “abandoned transaction” as the second-most-critical business risk (ahead of cyber risk and behind taxation). First of all, we all know that it is far more expensive (according to some studies up to 10 times more) to acquire new customers than it is to retain existing ones.
Hedge funds deal in risk: it’s how they make money for their clients, it’s how they build and prosper. But while hedge funds and asset managers may be experts in managing financial risk, they must come to grasps with the new and evolving risk that threatens their entire business model: the risk of a hack.
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.
How many of you are looking forward to the holiday season and everything it brings? For most people, late December means long evenings with family, too many cookies, and puppies leaping out of elaborately wrapped boxes; in short: joy.
You’ve realized you need a Contract Lifecycle Management (CLM) solution. You’ve also made the decision whether to build your own solution or buy from a CLM vendor. The benefits you’ll see are clear: complete and meaningful insight into contract data, increased ability to collaborate, time and cost savings, and better decision making through reduced risk. However, the path to reach these benefits can be less clear. The “best” way forward differs by company, of course, but a lot can be learned from those who have faced similar challenges.
We have just read a very interesting post on LawSites by Robert Ambrogi that provides his thoughts on the 10 most important legal technology developments of 2013. At Exari, we’ve experienced many of these trends firsthand by working closely with dozens of leading companies on their document assembly and contract management challenges.
We’re living in the brave new world of big data. It’s here, it’s real and it’s already changing our lives in awesome ways. With all of its potential, though, comes the fear that the vast stores of information institutions hold will be used for malevolent purposes.
The scariest part of this Halloween season might be what’s lurking in the dark.
We’re not talking about spiders and skeletons, ghouls or goblins; we’re talking about all the important – dare we say critical – information about your business that is kept hidden in filing cabinets, inboxes and shared drives. That’s right: contract data. The phrase alone may be enough to send chills up the spine of every General Counsel and Chief Compliance Officer in companies where contract data remains buried, disregarded, left for dead.
Why Contract Lifecycle Management Services MattersContracts serve as the backbone of the modern business. They contain nearly all the information you need to be able to assess the health of your business and your business relationships, both internal and external. The best Contract Lifecycle Management (CLM) solutions available today not only automate contract creation, they import key data points from legacy contracts, so you can search, sort, share and report on the data of your entire contract portfolio.