Bigfork Tech

FEBRUARY 18, 2025

The Problem: Contracts Are a Necessary Headache Contracts are the backbone of business operations, but managing them manually (or with clunky, outdated systems) turns an essential process into an overwhelming burden. Less Time Chasing, More Time Doing No more hunting down contract statuses or nagging stakeholders for approvals.

Contract management 52

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Colin S. Levy

NOVEMBER 5, 2024

Legal teams are no longer just advisors on regulatory compliance or dispute resolution—they are now key players in data governance, risk management, and strategic decision-making. This involves more than just skimming through compliance dashboards; it requires diving into how data is collected, processed, and stored.

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Bigfork Tech

FEBRUARY 11, 2025

7 Ways to Sell ALOE to Your Team Introducing new software to your organization can be challenging, especially when it involves a critical function like contract management. Identify Pain Points Before introducing a CLM solution, identify the key challenges your team faces with current contract management processes.

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Percipient

JANUARY 31, 2025

If contract management is not prioritized, it can be a serious drain on the bottom line. Contract review tools simplify the process, helping teams identify risks, edit agreements, and stay organized. Contract review tools simplify the process, helping teams identify risks, edit agreements, and stay organized.

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Percipient

FEBRUARY 21, 2025

With multiple teams reviewing the same document, tracking changes manually leads to confusion, delays, and way too many email threads. Contract redlining software helps cut through the chaos, letting teams edit, comment, and compare versions in one place. What is Contract Redlining Software And How Does It Work?

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MatterSuite

JUNE 12, 2023

But here’s the question: How can technology empower these teams to make a genuine difference, far beyond simply keeping up with the times? Traditional paper-based systems can be time-consuming, inefficient, and prone to errors. And action holds the power to profoundly impact lives and society as a whole.

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Bigfork Tech

AUGUST 19, 2024

Streamlined Contract Lifecycle Management Contracts are the lifeblood of legal operations. However, managing them can be a complex, time-consuming task involving multiple stages from creation to execution and renewal. ALOE simplifies this process by automating key aspects of the contract lifecycle.

Legal tech 52

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MatterSuite

JULY 9, 2024

Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. Contract Management Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contract management.

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MatterSuite

JULY 9, 2024

Imagine a world where your in-house legal team can predict litigation outcomes, automate tedious document reviews, and ensure compliance with evolving regulations—all while cutting costs and boosting efficiency. Contract Management Solutions Legal AI tools like Kira Systems and Luminance are leading the way in contract management.

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Percipient

JANUARY 28, 2025

Instead of spending hours going through legal documents, AI tools allow you to focus on making better decisions and saving time. In this guide, we’ll talk about what these tools are, how they can benefit your contract process, and some of the best tools you can start with. What is AI Contract Review Software?

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MatterSuite

JULY 29, 2023

By automating routine tasks and ensuring compliance, legal technology empowers legal professionals to focus on high-value work. Automation of Routine Tasks : Legal professionals often find themselves burdened with repetitive and automated time-consuming tasks. Legal technology offers contract management solutions.

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Bigfork Tech

NOVEMBER 19, 2024

How Our Contract Lifecycle Management Platform Can Help Ease the Stress of Work During Stressful Times Life can feel overwhelming at times. Work can often add to the pressure, leaving you feeling like you’re always chasing deadlines, managing projects, or keeping track of endless paperwork.

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MatterSuite

JULY 27, 2023

Tracking billable hours helps assess the productivity and utilization of lawyers and enables accurate billing to clients. Turnaround Time: Turnaround time measures the speed at which legal tasks or projects are completed. It is particularly important for time-sensitive matters, such as contract reviews or court filings.

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Bigfork Tech

DECEMBER 2, 2024

5 Reasons to Be Thankful for ALOE: Transforming Contract Lifecycle Management As the season of gratitude rolls in, there’s no better time to reflect on what makes your professional life easier, smoother, and more efficient. ALOE automates these time-consuming processes, freeing you up to focus on higher-value tasks.

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Document storage Time-tracking Compliance Contract management 52

Ron Friedmann

JUNE 17, 2020

Also: using tools to budget and track them; tech to track compliance and flag potential issues. De-Prioritization: we have to give permission to give lawyers time to work on all this. And we needed, at the same time, to build an infrastructure for longer term scalability. HiveMind is a prototype.

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Percipient

JANUARY 23, 2025

Keeping track of contracts can feel like trying to tame chaosdetails get missed, deadlines sneak up, and the whole process eats up more time than it should. Heres a surprising fact: poor contract management costs businesses up to 9.2% What Is Contract Review Automation? of their revenue each year.

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MatterSuite

JUNE 18, 2023

By optimizing workflows and eliminating inefficiencies, organizations can experience: Increased Efficiency and Cost Savings: Streamlining legal processes allows legal departments to handle matters more effectively, resulting in reduced cycle times and increased productivity.

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Bigfork Tech

OCTOBER 15, 2024

These tools have proven vital in ensuring continuity and efficiency during challenging times. Difficulty in tracking contract management stages. Compliance and reporting hurdles. Navigate the Challenges of Hybrid Work While many firms have adopted cloud solutions, hybrid work poses unique challenges.

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MatterSuite

SEPTEMBER 2, 2024

Risk Management : Identifying potential legal risks and implementing strategies to mitigate them, ensuring the company remains compliant with relevant laws and regulations. Litigation Oversight : Managing any litigation or disputes the company is involved in, working with external counsel when necessary.

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Bigfork Tech

OCTOBER 24, 2022

Contract lifecycle management (CLM) automates and streamlines contract processes during key stages. These stages include intake, authoring, process and workflow, negotiation and approval, repositories, execution, ongoing management and compliance, and contract renewal.

Time-tracking 52

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MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information.

Legal technology 52

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MatterSuite

FEBRUARY 6, 2024

Compliance with Evolving Regulatory Standards The legal landscape is marked by constantly evolving regulatory standards and compliance requirements. This structured storage system ensures that documents are readily accessible and systematically arranged, reducing the time spent searching for critical information.

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Bigfork Tech

JUNE 25, 2024

From assigning projects to tracking contract lifecycles, this feature not only saves time but also enhances productivity by reducing manual intervention. Teams can monitor progress via a collaborative workspace and intuitive dashboard, allowing for real-time updates on project statuses.

Contract management 52

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MatterSuite

OCTOBER 7, 2024

As we approach 2025, it’s time to sit and evaluate legal trends for the upcoming year. To save you time and hassle we have created a list of 2025 predictions aka legal industry trends that will be dominating in the industry for upcoming years. These tasks are time-consuming and limit the ability to produce high-quality work.

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AXDRAFT

FEBRUARY 17, 2023

Regardless of the industry, there are always two sides to every deal, and you’ve likely been on both at one time or another. Consequently, the way you manage both sell-side and buy-side contracts directly impacts the success of your business. New to contracting?

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Legodesk

FEBRUARY 15, 2022

It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

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MatterSuite

JULY 31, 2023

Keeping abreast of new laws, regulations, and judicial decisions relevant to the company’s industry is crucial for managing legal risks. By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. Integrate compliance efforts effectively into the company’s operations.

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MatterSuite

JULY 9, 2023

Keeping abreast of new laws, regulations, and judicial decisions relevant to the company’s industry is crucial for managing legal risks. By staying informed, legal counsel can identify potential risks and take proactive measures to ensure compliance. Minimizing the potential impact of legal crises on the organization.

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Legodesk

FEBRUARY 15, 2022

It can improve communication between lawyers and clients, reduce the time spent on administrative tasks, and allow you to focus on more important matters. In addition, automating your workflow can help you to better keep track of deadlines, manage files, and coordinate negotiations.

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Simple Legal

DECEMBER 7, 2022

Investing time and energy into this improved collaboration will support the overall health and success of the business and demonstrate the value of legal ops. When finance and legal are proactive and keep legal budgets on track, both teams can better support the financial health of the organization. For sales, time is money.

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Time-tracking Compliance Contract management Legal tech 52

Rocket Matter

DECEMBER 17, 2024

For example, the Rocket Matter legal customer relationship management (CRM) platform offers robust analytics tools that help you track client interactions and performance metrics. For example, automating a redundant task could leave your team with more time to answer questions, respond to emails, or schedule consultations.

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AXDRAFT

JANUARY 20, 2023

Got no time to read? Other Challenges CLM Can Resolve for SaaS Companies Contract management has different challenges, and security is not the only area that contract lifecycle management solutions can help with for SaaS. Losing track of data The more clients you have, the more information you need to track.

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Time-tracking Contract management Software Analytics 52

Simple Legal

FEBRUARY 15, 2023

Plus, you don’t have to waste precious time creating training materials in-house. The learning resources from your tech provider can be combined with your own internal knowledge management strategy — so your team can access a robust library of resources to get the most out of your legal ops software. Growth is slow but steady.

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Time-tracking Legal tech Legal tech Machine learning 55

Bigfork Tech

AUGUST 6, 2024

If you haven’t been tracking metrics, start with basic data, such as the number and types of contracts, contract values, and turnaround times. Start with a simple spreadsheet, and as your department evolves, consider using tools like ALOE for real-time reporting. Risk Management. Governance and Compliance.

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MatterSuite

OCTOBER 12, 2023

These teams play a pivotal role in safeguarding a company’s interests, managing risks, and ensuring compliance with laws and regulations. This involves identifying the areas of law that are most relevant to your business, such as employment law, compliance, and litigation.

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Legal Tech Monitor

MAY 17, 2023

First, see the CLOC-related news I’ve already published: Now here are other announcements that have come out of CLOC: Agiloft Partners with Mitratech Agiloft , the contract lifecycle management (CLM) platform announced a new partnership with Mitratech , a global provider of legal, compliance, and HR software.

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Bigfork Tech

SEPTEMBER 9, 2024

Legal professionals can benefit significantly from applying project management techniques to their IP-related tasks. Traditionally, project management experts rely on a range of tools and software to keep track of deadlines, timelines, and projects.

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