Genai Shaping the Future of Embedded Services | Execo Edge | Contract Lifecycle Management (CLM)
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.
GC's ultimate guide to a successful CLM implementation
Today, the role of general counsel (GC) has changed drastically. Implementing CLM is an important part of this transition, simplifying workflows and making it easier for legal teams to understand contract details. Gone are the days where GCs were viewed as mere gatekeepers or cost centers focused solely on reducing legal risk. Modern GCs are now strategic partners and play a critical role in increasing value and fostering innovation within the organization. This evolution requires changes in the way legal departments operate, particularly in the field of contract management.