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The Billion Dollar Cost of Bad Contract Management

The world is still reeling from the recent CrowdStrike outage, which brought entire industries around the world, from airlines to healthcare, to a grinding halt on July 19, 2024. Unlike previous headline-making cyber-events, this wasn’t an attack. It was merely a glitch in what should have been a routine software update the vendor automatically rolled out to customers worldwide. 

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Humans of LegalTech: Meet the People Behind Pramata

It might sound counterintuitive, but one of the biggest driving factors for technological innovation is to make the world a better place for humans. After all, if we give technology the most time-consuming, the most difficult, the most boring and the most tedious parts of any task, we’re giving the humans involved more time and capacity back to do the parts of the job only they can do. 

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A GC Chat: A Conversation with Thien Dinh, MetricStream General Counsel

When you think of a General Counsel’s job description, you don’t expect it to include spending hours each week searching for contracts and answering emails with questions like, “Where’s this contract? Which document is the most recent version? Which customer does this amendment belong to?” – and similar. Neither did Thien Dinh, yet that’s exactly what his job entailed when he joined MetricStream as its GC 2019.

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A GC Chat: A Conversation with Alex Jorgensen, General Counsel at MIM Software

The MIM Software legal team, led by GC Alex Jorgensen began its quest for a contract modernization around 2020, and at first Google Drive seemed like a good way to go. After two years of muddling through this method, Alex was once again looking for a better solution to MIM’s contract management challenges. That’s when Alex heard about Pramata.

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