In the News
CLM Tech Is Not A Silver Bullet; Preparation Is Key
Unfortunately, contracting technology is characterized by low customer satisfaction; only 35 percent of Hyperion Research survey respondents said that they are satisfied with their Contract Lifecycle Management (CLM) Solutions and only 15 percent with their Contract Analytics (CA) Solutions, according to an article published by ACC Docket.
Lindsey Pitt Vice President, Legal Operations Consulting, Epiq: "If you trace the contracts process at your company — from receiving the request for a contract from a business stakeholder, through drafting, negotiation, signatures, and post-execution management of risk and obligations, you’re likely to find a collection of third-party software solutions, homegrown solutions, and tools that track at least part of the process and capture some contract metadata."
Read the full article here.