Aerofiler Blog
How Allianz Reduced Approval and Signing Time From a Week to a Day
The Challenge When COVID-19 emerged in early 2020, contract management at Allianz was mostly manual. Contracts that were ready for signature needed to follow an intricate approval process that involved using paper documents to obtain approvals from multiple...
Managing Contract Renewals
Contract renewal is an issue that may not always be top of mind. But a failure to properly manage contract renewals can give rise to a number of business challenges. On the buy side, inadvertent contract renewals could cost tens, or even hundreds, of thousands of...
Contract Intelligence vs Contract Management
Introduction Contract lifecycle management (CLM) technology has become a critical piece of infrastructure for the modern organization, with many now understanding the efficiencies that can be gained by automating each part of the contract lifecycle. However, CLMs come...
Remote Working Tips for Legal Teams
These days, the words “Zoom”, “video conference”, and “remote work” have become part of our standard vocabulary. Nearly everyone has needed to adapt to working remotely after working in an office for most of their professional lives. Legal teams are no exception....
Benefits of Contract Workflow Automation
Contracting is often the staple work of in-house legal teams. And it is easy to see why when one considers the role contracts play in an organisation’s business. From protecting confidentiality, to making critical purchases, to appointing key personnel, contracts...
Must-Have Features Any Contract Management System Should Have
A contract can have many aspects to manage. A simple sales contract, for instance, will stipulate the purchase price, when the purchaser must pay the purchase price, and when the seller needs to deliver. It may also have other conditions relating to the sale. Not too...
How A Contract Management System Can Help In Times Of Crisis
The COVID-19 coronavirus pandemic has up-ended businesses all over the world with frightening speed. Freedom of movement restrictions, quarantining, and shutdowns are happening each day. Supply chain disruption - from manufacturing to distribution to consumption - is...
How a Contract Management System can Facilitate Remote Working
Remote working, or telecommuting, has become increasingly common for knowledge industry workers in recent years. One study by IWG in 2018 found that as much as 70% of professionals work remotely at least one day a week. The proliferation of online tools like...
Should You Be Using Spreadsheets for Contract Management?
For the right company, Excel or Google Sheets can work well as a contract management system. In this article, we’ll explore the benefits and drawbacks of doing so, and help you make the right choice. Benefits Here are some of the benefits of using a spreadsheet for...
How In-House Legal Teams Put $30,000 Per Year Per Lawyer Back in Their Pocket
In this article, I’m going to explain how resource-constrained in-house legal teams can save up to $30,000 per year per lawyer and increase contract value by up to 20% through the automation of repetitive legal tasks. That might sound far-fetched, but research shows...
Popular Posts
How Allianz Reduced Approval and Signing Time From a Week to a Day
The Challenge When COVID-19 emerged in early 2020, contract management at Allianz was mostly manual. Contracts that were ready for signature needed to follow an intricate approval process that involved using paper documents to obtain approvals from multiple...
Managing Contract Renewals
Contract renewal is an issue that may not always be top of mind. But a failure to properly manage contract renewals can give rise to a number of business challenges. On the buy side, inadvertent contract renewals could cost tens, or even hundreds, of thousands of...
Contract Intelligence vs Contract Management
Introduction Contract lifecycle management (CLM) technology has become a critical piece of infrastructure for the modern organization, with many now understanding the efficiencies that can be gained by automating each part of the contract lifecycle. However, CLMs come...