6 risks related to DORA agreements for financial institutions and how to deal with them
In 2024/7, due to regular software updates from a major cybersecurity vendor, IT failures occurred one after another, severely impacting financial institutions around the world. The transaction system went offline, the payment network went down, and the customer portal froze. It wasn't a cyber attack. It wasn't a data breach. CrowdStrike's now-famous fault was a failure to monitor risk by a third party and was buried in contractual details.
8 hidden pitfalls in contracts with medical institutions and how to avoid them
Health care contracts have undergone significant changes. What used to be a simple exchange of payments and services has now transformed into a maze of value-based health care contracts and compliance obligations. Healthcare providers are no longer simply negotiating terms; they are trying to overcome the intersection of quality metrics, patient outcomes, and financial risk.
9 AI trends that will reshape the legal landscape in 2025
I have been working as a lawyer in various industries for 15 years, first at a conventional law firm and then as an in-house lawyer, but one issue remains strong. That means contract management can sometimes feel like chasing scattered puzzle pieces. I've seen time wasted sifting through old folders, fighting with cluttered Google and OneDrive, combing through coworkers' email archives, and digging through old USB sticks. There were countless times when I needed a colleague to check if my contract file was up to date. It's not just frustrating. It's a costly task that takes your eyes off what really matters, such as serving clients, guiding strategic decisions, and managing risk.
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11 reasons why CLM implementations fail and how to avoid them
Implementing a contract lifecycle management (CLM) system is a major investment and has the potential to transform the way organizations handle contracts, from streamlining processes to enhancing compliance and improving efficiency. But the risk is huge. Failure to implement can result in wasted resources, disrupted workflows, and even legal risks due to improper management of contracts.
How AI Innovation Empowers People and Improves Customer Experiences
Many organizations today view AI primarily as a tool to automate processes, improve efficiency, and even replace human roles. With such a narrow view, we miss out on AI's broader and more powerful possibilities. In Execo, I take a different view. It means AI should be used to help people work smarter, be more creative, and focus on what really matters. We see AI as a partner that enhances human capabilities, eliminates inefficiencies, and drives true innovation in how services are delivered.