Resource Type: White Paper

Using KPIs to Measure Contract Management Performance

A guide to recognizing, establishing, and monitoring the most important Key Performance Indicators for your corporate agreements.

Is your business operating efficiently? Are you realizing enough value from your contracts? Is your company missing opportunities to minimize operational risk?

By establishing contract objectives and KPIs, you’ll give your organization tangible, benchmarked data that you can use to make effective and informed decisions, have transparent conversations with cross-functional stakeholders, and prove the value of the legal department.

Download this Guide to learn more about:

  • Creating effective KPIs for key contracting areas such as contract efficiency, effectiveness, value, and risk
  • Steps for successfully presenting objectives and KPIs
  • KPIs to actively monitor SMART objectives
  • Tips for getting started and ensuring success

Access your copy by completing the form on the right and clicking “Download Now.”

The Master Checklist for Contract Review & Management

Download this checklist to review important aspects and best practices for a successful contract management process.

This Checklist Reviews:

  • Policy & Procedure Requirements
  • Administrative Setup
  • Contract Requirements
  • Contract Review
  • General Contract Management
  • Contract Monitoring & Reporting
  • Fiscal Monitoring 
  • Managing Risk
  • Contract Renewal
  • Contract Close-out

Access your copy by completing the form on the right and clicking “Download Now.”

Disclaimer: The Master Checklist for Contract Management and Review provided by ContractWorks is intended for informational purposes only and is not updated regularly. Please note that ContractWorks is not engaged in rendering legal, accounting, or other professional services or advice, and any content provided by ContractWorks is not intended to be a substitute for legal advice.  

The Buyer’s Guide to Contract Management Software

Helping you quickly identify solutions to your specific contract management challenges.

General counsel, legal teams, and all those who manage contracts on a daily basis, we’ve created this Whether you’ve already made the decision to implement contract management software or are still determining the best way to take control of your agreements, this guide will help simplify your search for the right solution.

The Buyer’s Guide includes:

  • An overview of the primary types of solutions used to solve contract management challenges – including a Solutions Comparison Chart.
  • A step-by-step plan to help you choose a solution that aligns with your contract management challenges, goals, and budget.
  • Insights into the contract management software pricing, and KPIs to evaluate software performance 
  • Plus, a Contract Management Software Selection Checklist

Access your copy by completing the form on the right and clicking “Download Now.”

The Due Diligence Checklist

How prepared is your company for due diligence?

Raising funds, selling a company, and licensing IP can be stressful and complicated. Preparing for the transaction doesn’t have to be.

Download the SecureDocs Due Diligence Checklist to get organized so you can navigate the deal process as quickly as possible.

This checklist covers some of the most important documents to prepare and review leading up to due diligence so potential investors, buyers, and other partners have everything they need to know about your business. 

Some of the categories of documents covered include:

  • Stockholder information
  • Financial records
  • Material contracts
  • Intellectual property
  • IT systems and networks
  • Taxes
  • And more

Access your copy by completing the form on the right and clicking “Download Checklist.”

DISCLAIMER: The due diligence checklist provided by SecureDocs, Inc. is intended for informational purposes only and is not updated regularly. Please note that SecureDocs, Inc. is not engaged in rendering legal, accounting, or other professional services or advice, and any content provided by SecureDocs is not intended to be a substitute for legal advice.

Dropbox Vs. Virtual Data Rooms: A Comparison

As cloud storage solutions have become more popular and ubiquitous, understanding what that means for the security of your business documentation is crucial.

Download this whitepaper to learn:

  • The similarities and differences between Dropbox & virtual data rooms
  • Where each solution stands out
  • How to chose the best solution for the specific types of information you are storing and sharing

Access your copy by completing the form on the right and clicking “Download Now.”

What to Expect from a Contract Lifecycle Management Solution

The global contract lifecycle management (CLM) software market projects to reach $2.9 billion by 2024* as more companies recognize the profound benefits the solution offers. A CLM solution allows companies to capture, automate, and analyze the entire contract lifecycle from initiation through approval, compliance, and renewals. In fact, it can drive business value by compressing time to revenue, mitigating risks by having fewer contractual exceptions, and increasing internal and external customer satisfaction.

Read this white paper to discover:

  • The challenges of manual contract management
  • Signs your company needs a new approach to managing contracts
  • Features you should expect and the solution’s anticipated ROI
  • How to select the right solution for your company
  • How a platform approach offers unlimited growth and enables implementation in less than 30 days

* Markets and Markets: Contract Management Software Market by Component, 2019

Legal Digital Transformation Solutions

How do corporate legal departments transform their operations and extend those benefits to the entire enterprise? It requires vision, planning, people, and technology.

This white paper shares the inspiring legal digital transformation solutions for the corporate legal departments of BT, ADM, and VMware. It also offers advice from experts on how to create your own intentionally designed digital transformation.

Six Leading Corporate Legal Operations Trends in 2023

The past two years have thrown unprecedented challenges at companies. Their corporate legal departments have risen to the occasion. From the pivot to remote work to the push to ramp up efficiency and control costs, legal professionals have adapted to all challenges with precision and skill. 

Now, new areas of focus have arrived. Our white paper compiles current data, metrics, and benchmarks to identify the top trends influencing legal operations, illustrating how Legal will take action to solve today’s (and tomorrow’s) most pressing challenges.

The Power of the Platform

In recent years, corporate legal departments have seen a shift in expectations for conducting business. Gone are silos and limited interaction with the rest of the organization. In their place is the desire for self-service for low-risk requests, enhanced responsiveness, and increased transparency. As Deloitte noted in a report on the legal department of the future, “In-house lawyers are becoming business partners, embedded and able to work across units and specializations.”

No-code business process automation (BPA) platforms and business intelligence (BI) platforms powered by artificial intelligence (AI) are making this happen. They enable corporate legal to spin up Apps and solutions to fit any business use – from contract lifecycle management to managing diversity to data breach reporting.

Download our latest white paper to discover:

  • How platforms work and how they differ from other technology solutions
  • The benefits of platforms
  • What factors a legal department should consider when choosing one
  • Real-world examples of legal departments using platforms to enable enterprise collaboration and enact digital transformation

ReviewAI: Improving Productivity and Efficiency with Contract Review and Drafting

How efficient is your contract management process? You may be surprised. Reviewing and drafting contracts take up to 70% of an in-house legal department’s time. It’s labor-intensive work when handled manually, often relying on multiple systems, document formats, and reviewers. However, the results can be drastic when artificial intelligence and automation are applied. For example:

  • New users are 34% more efficient with their time and 51.5% more productive
  • Senior lawyers may reallocate 15% of his time from contract work and team management to higher-value activities
  • Cost reductions of 33% related to contract processing

This white paper examines the impact of artificial intelligence (AI) and automation on the entire contract management lifecycle and how lawyers can dramatically streamline many intelligent activities typical of contract work, such as redlining, comparing clauses to corporate standards, and ensuring that fine details comply with corporate policy.