Banishing the “Black Hole Mentality” of Contract Review By Onit October 29, 2012 Business Process Management,Contract Lifecycle Management 2 Minute Read Quick: How many contracts are pending review in your department? How many have been approved in the last 30 days? Who is reviewing each pending contract right now and how long does it take for a contract to be approved? If you can’t easily answer these questions, chances are that you might not have the right tools or practices in place. A lack of transparency can lead to impaired overview and decreased service that can impact revenue. As one general counsel of a Fortune 500 corporation shared, We weren’t tracking assignments properly, and we weren’t being responsive to customers. I felt we had to get rid of the black hole mentality, and one way was to have a better way to track contracts coming in. Find out how to banish the black hole mentality with this new whitepaper: Streamlining Contract Review & Approval to Drive Revenue Velocity & Increase Client Satisfaction. The white paper examines common contract review and approval processes and tools to determine: How tools like email and spreadsheets fall short Why traditional approaches are not sustainable How Apps are reinventing the contract review and approval process Why Apps are the wave of the future Download the white paper today. Today's Popular Resources Infographic Enterprise Legal Report Infographic – UK Read More Case Study Transforming Service Delivery Case Study Read More Case Study Back to Basics ELM Case Study Read More Subscribe Today Sign up for updates on new posts from our blog. Related Readings Enterprise Legal Management The Ultimate Guide For Legal Departments to Directly Influence Business Materiality, Growth and Efficiency Read More Enterprise Legal Management The ROI of Legal Operations: Measuring Success and Demonstrating Value with Legal KPIs Read More Business Process Management How AI Enables Legal Teams to Adapt in a Rapidly Changing World Read More Thank you for subscribing!