In part three of our blog series covering Forrester Consulting’s study commissioned on behalf of Pramata, we dig into the opportunities available to contract management teams that realize the full strategic value of their CLM solution and are able to maximize their contract management technology investments.

Legal Week is fast approaching (it’s March 20-23, 2023 in case you don’t already have it on your calendar) – and I’m excited to be presenting a CLE-eligible emerging technology session along with my friend, and “Contracts Queen,” Roma Khan of Crush Contracts. 

If your current contract management process (either manual or an existing CLM) has you or your staff at your breaking point, look for a solution designed with small legal teams in mind. 

At a time when companies are required to do more with less, contract management technology is becoming increasingly more expensive and taking an alarming amount of time to deploy while failing to deliver on key business goals.

Pramata Founder and CEO Praful Saklani shares his insight on the contract management landscape and why it’s time our industry focuses on the things that matter most. 

A contract management system should make your job easier, not harder. But when you’re shopping for a solution it’s easy to get distracted by fancy features and focus on the wrong things.

The CLM landscape has hit an inflection point as contract management solutions have become cost prohibitive, taking too long to deploy and then failing to deliver once they are up and running.

Service level agreements are a necessary part of business, and if you’re working as general counsel, chances are you encounter them on a regular basis.

As an in-house legal professional, ultimately your role is to support the business and all its employees by providing legal advice on contracts. But, when you or your department struggle to meet the demands of internal teams, legal can quickly become a bottleneck to the rest of the business.

When considering legal technology, it’s important to understand what AI’s good at and what it’s not. Find out where humans (with law degrees!) should fit in to maximize the success of your contract management solution.

As new GC, you’re expected to hit the ground running. Find out how access to Pramata’s contract management solution can give you a huge boost.