Posts about Contract Writing and Review (2)

How Automated Contract Review is a Game Changer for Data Processing Agreements and Standard Contractual Clauses

April 12, 2022

Automated contract review software entered the market just when we needed it the most. While legislation to protect consumer information privacy is crucial, given the rise in identity theft and subsequent lawsuits, rolling out this legislation has been anything but smooth. In the meantime, companies need to proactively define data use and protection to stay ahead of compliance issues. Data processing agreements and standard contract clauses are helping companies do just that.

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Level Up Legal Proofreading Software with AI

April 5, 2022

With its ability to seamlessly detect spelling and grammar errors, Grammarly attracted attention in the business world when it was first released in 2009. As an effective and easy-to-use application, it cemented its reputation as a fundamental business tool for working with documents. 

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Sales Velocity Formula: How Quickly Are Your Deals Closing and How Can You Accelerate the Process?

March 10, 2022

Sales velocity measures how fast deals move through the sales pipeline and generate revenue. This key performance metric can reveal expected revenue for a given period. Beyond that, entering numbers into a sales velocity formula applies value to the sales cycle, whether establishing a baseline, identifying a problem, or looking for ways to improve. Increasingly, innovators are turning to artificial intelligence (AI) to increase sales velocity.

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The Commercial Contract Playbook: Your Secret Weapon for Empowering HR, Sales, Finance, and Procurement Teams

March 3, 2022

Contracts form the relationships that ultimately bring in revenue. Across all industries, contract drafting, reviewing, and negotiating are core processes that must be completed; however, they could often be accomplished more effectively. Most corporate legal departments use clause libraries and templates for drafting but rely on manual review processes to get through the last mile. 

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Advantages of Legal AI Contract Review

February 17, 2022

Humans, by nature, can be resistant to change. Often, though, change offers new opportunities. The struggle between tradition and innovation is felt acutely in corporate legal departments when contract review and negotiation processes become tedious and inefficient. Legal AI contract review has emerged as a game-changing opportunity for legal departments willing to innovate.

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Why a Procurement Analyst + AI Is a Winning Combo for Contract Review

February 15, 2022

Artificial intelligence (AI) technology has made the daily work for professionals across a variety of fields more efficient and even more enjoyable. In the past, job seekers may have avoided procurement analyst positions for fear of tedious and time-consuming contract review tasks. However, recent advances in AI-powered contract review and negotiation solutions have enabled procurement teams to streamline processes and eliminate process bottlenecks while ensuring playbook-compliant agreements. 

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