Run-through of Our Latest IACCM Webinar – ‘Post-Signoff Contract Management—Technology as an Enabler’

Thanks to all the attendees for your active participation during our latest interactive webinar in association with IACCM, ‘Post-Signoff Contract Management—Technology as an Enabler’. For those of you who missed it, here’s a quick run-through. The webinar, presented by Tim Cummins (President, IACCM) and Arthur Raguette (Co-founder, Ultria), explored how modern technology can be an enabler at each stage of post-signoff contract management, including performance management, expiry and renewal management, regulatory compliance management, and more. As organizations grow, so do...

Contract Risk Management – Part 3

Part-1 of the blog series on Contract Risk Management talked about the risks inherently associated with the most common contract management platforms used today. Part -2 addressed the types of contract risks that most organizations face, and the benefits Automation would bring. Today’s blog post will talk about some contractual risk factors and explore ways to deal with them: 1. Incongruous language Initiate contracts on in-house and preapproved templates as the contracting party’s contract template may include unfavorable T &...

Rundown of Our Latest Webinar – ‘Realizing ROI from Contract Management Technology’

Thanks to all the attendees for your active participation during our latest interactive webinar, ‘Realizing ROI from Contract Management Technology’. For those of you who missed it, here's a quick rundown. This webinar, hosted by Arthur Raguette (EVP, Ultria), in association with ACC (The Association of Corporate Counsel), addressed how investing in contract management technology helps enterprises demonstrate a rewarding return on investment and described how to build a business case for CLM. It focused on the following: Advanced CLM...

Contract Risk Management – Part 2

Part-1 of the blog series on Contract Risk Management talked about the risks inherently associated with the most common contract management platforms used today. Today’s blog post will address the types of contract risks that most organizations are predisposed to and the benefits Automation would bring. Contract Risk, as a term, generates curiosity and worry. After a lengthy and tedious process of a contract being created, approved, and signed by the concerned parties, you arrive at making the best use...

Contract Risk Management – Part 1

Welcome to our blog series on Contract Risk Management. This blog series will discuss how contract management has evolved towards managing risks proactively, the type of contractual risks, ways to mitigate them, and more. To kick off the series, let us first discuss the risks inherently associated with the most common contract management platforms used today. Most companies today utilize one of the below-listed contract management platforms: 1. Microsoft Word, shared drives, and spreadsheets In this group, contracts are maintained...

Rundown of Our Latest Webinar – ‘A Contract Odyssey—From Sign-off to Renewal’

Thanks to all the attendees for your active participation during our latest interactive webinar, ‘A Contract Odyssey—From Sign-off to Renewal’. For those of you who missed it, here’s a quick rundown. The webinar, presented by Arthur Raguette (Co-founder, Ultria), provided a stepwise walkthrough of the contract journey post-signoff, and explored how technology can be an enabler at each stage. Arthur explained how modern contract management technology ensures efficient management of obligations, expiries and renewals; enables better identification of opportunities for...

Benefits of Contract Management Automation

Technology helps effectively m­ana­ge multiple contr­acts sprea­d ­across the globe. Combined with in-depth a­na­lysis a­nd reporting c­apa­bilities, contra­ct management technology delivers re­al va­lue to the orga­niza­tion by ensuring better contr­act compli­ance. Best-in-cl­ass org­aniza­tions th­at levera­ge contra­ct lifecycle m­an­agement solutions identify opportunities for increasing revenue ­and prevent inefficiencies. A manual contract management process may lead to: Lack of visibility into contracts and associated obligations Poor regulatory compliance Error-prone contracts Multiple versions of documents Increase in the contract cycle time And more....

Calculate the ROI of CLM solution

Wondering just how beneficial deploying a Contract Lifecycle Management solution would be? Look no further: Ultria presents a CLM ROI calculator to help you get an estimate of a CLM’s Return on Investment for YOUR organization. The calculator has been custom-built to enable each organization to plug in their numbers and get an ROI estimate, based on industrial research data about CLM-driven: a. Reduction in legal employee costs b. Prevention of financial losses c. Reduction in sales operation costs d....

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