I spent this week with our talented team in London and talking with leaders in both financial services and insurance. We've recently delivered a new Contract Model that enables companies to more effectively manage risk. Most of the leaders I spoke with expressed deep concerns about the risk embedded in their contracts- one top ten bank said "we have all the data, we just don't know if it's the right data".
Are you still drafting thousands of contracts manually? In Word? Or storing multiple versions of paper contracts in a filing cabinet? Well, you’re not alone.
“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.
Contract management has been around for years; as I’ve written before, most systems are document based. The future- and the bleeding edge - is data-based. Why?
Your contracts are your business's most precious documents. They represent what your company owes and is owed, what you have been promised, what you are obliged to do and what your expectations of suppliers are. Do you want your precious contracts in systems that have general access or are used by corporate functions that have the highest staff turnover rates?
Every day we talk to companies about their enterprise contract management systems, and every day I hear substantially the same thing. Help us automate the drafting of our contracts and we’ll be all set. Wrong.
Lots of people talk about Return on Investment, ROI. They also say that the bigger the risk, the bigger the reward. So what’s your Return on Risk? Most people view risk as a bad thing, but calculated risk can be very rewarding. Without big risks, there would be no great leaps forward.
Ask most 7-year-olds what they want to be when they grow up and you'll get the usual mix of astronauts, firemen, doctors, policemen and nurses. You won't get too many that proclaim a desire to work with contracts, let alone in the Contract Lifecycle Management space. At Exari we're obsessed with contract certainty.
We’re all aware of the benefits of automation, we do so much of it! Our network monitoring, backups, integrity and heath checks, spam filtering, intrusion detection, software builds and unit tests are all largely already automated. But one area that often seems to be left out in the cold is the automation of documents and documentation.