Are E-Signatures Truly Valid?
Today, online transactions are more popular than ever before. Aside from the fact that today’s era benefits from technological advancements, most businesses and companies hire international workforces and deal with international partnerships, making online transactions more significant. With the growing popularity and number of online users, most of you probably wonder if online transactions and […]
Can a Contract Management Software Protect Important Data?
Contracts are essential legal documents that, when in the wrong hands, could cause significant trouble. That’s why it’s crucial to protect your company’s contracts from potential security breaches. One effective way to do so is through the implementation of a contract management system. Companies often use contract management software to create and renew contracts. You […]
How Digital Contract Management Can Reduce Overhead Costs
If you’re a business owner, you may be familiar with contract management. However, not everybody understands the advantages of this discipline. With contract management, you may address specific issues in your company by simply gaining access to industry-wide statistics and data. And as you gather new knowledge and information, you get to adapt the best […]
Clickwrap Agreements: Are They Enforceable?
The Internet is a vast and wonderful place, rich with information that can be accessed with just a tap of a finger. However, while the world wide web is chock full of accessible resources and data, many fail to realize it is also a virtual landscape full of contracts and legalities. Whether creating an account […]
Can a Contract Management Software Protect Important Data?
Organizations typically need to establish a system for contract management. They must do this to make processes efficient. For example, a simple query could cause several minutes’ worth of delays if a company has no system for locating the latest versions of contracts. Having a traditional document management scheme also exposes a company to more […]
The Important Role of OCR in Contract Management
Thanks to technological developments, many of us have streamlined various business operations and tasks, allowing us to improve our productivity, efficiency, and customer service. With that in mind, one of the most significant advancements today is optical character recognition or OCR. OCR is fairly easy to understand — it is a technology that permits a […]
Optical Character Recognition (OCR): What Is It and How Does It Work?
Optical Character Recognition (OCR) technology is the conversion of scanned images that are handwritten, printed text, or typed into machine-encoded text. Sounds too technical? Don’t worry; you don’t need to be an experienced developer to learn about it and how it works. In this post, we’ll discuss the basics of OCR technology. All About OCR […]
How AI Contracts are Changing Business
Artificial intelligence is revolutionizing the world of business, including AI contracts. In this blog, we explore how it works and how your company can take advantage of this new technology’s benefits. A Short History of Computer-Assisted Contract Management Once upon a time, contracts were a paper-driven endeavor. Humans have had contracts almost as long as […]
5 Signs Your eSignature Tool is Failing Your Business
When eSignature tools first hit the market 15 years ago, contract managers rejoiced. Finally, an alternative to the long process to get someone else to print, read, and sign a document correctly, then scan or post it back to you legibly. They were a huge boon over the old process and many small businesses embraced […]
Why You Need a Contract Database, Not Just File Storage
If you had to, how would you find the correspondence regarding the third redlining revision of a contract negotiated in the fall of 2017 with a customer who wanted a special order? Did you start sweating before the end of that sentence? It’s OK, I get it. Contract storage and retrieval can be a messy […]