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How do you know your CLM vendor is securing your data?

Originally published on agiloft.com You have decided to take charge of your contract management with a CLM solution automating tasks, reducing your legal risk, and accelerating revenue recognition. Now, it is time to make sure that this same solution provider is as savvy about data security as they are about contract automation. If the daily headlines of ransomware attacks and natural disasters are any indication, now more than ever, your CLM solution provider should have a strong understan...

Why AI-enabled contract management is a critical tool in the COVID-19 vaccine supply chain

Originally published in Supply Chain Management Review and written by Colin Earl, Agiloft During COVID-19, the demand for products and shipping conditions have constantly evolved, presenting an ongoing challenge for freight companies trying to keep deliveries on track. To overcome some of the logistical obstacles of COVID-19, supply-chain solution providers have relied greatly on automation to maintain business continuity, specifically for managing contracts and fulfillment remotely. We are now ...

SaaSam celebrates 10 years!

After a trip to San Francisco to meet the Agiloft team, the then CEO, Colin Earl, offered Heather a resellership for New Zealand. The following week she became an official partner and formed SaaSam! "It has taken 10 years to become the success we now are and there have definitely been some highs and lows along the way. The numbers say some 96% of companies fail within 10 years, so we are very pleased to have survived during this period," says Heather. With hundreds of Agiloft implementations und...

Finding the balance between automatic and manual

Automation in the world of contract management systems is never-ending and – almost – all-encompassing. Contract creation, clause creation, reporting, renewals and so much more are done automatically, triggered by the system somewhere in the background to ensure these tasks get done without the user having to do much at all. But as we hand the reigns over to these automatic technologies, what are we losing in the process? Is there perhaps a perfect balance between automatic and manual proce...

Gartner ranks Agiloft CLM in top three for all use cases - Legal, Procurement, Sales and Enterprise

Originally published on agiloft.com Agiloft was recently named a top vendor for the second year running in Gartner’s Critical Capabilities for Contract Life Cycle Management. What does this mean? It means that the world leader in research and advisement, Gartner, has conducted a thorough analysis of 13 reputable CLM providers and how they perform across CLM’s most popular use cases—Legal, Procurement, Sales, and Enterprise. It also means that Gartner has ranked Agiloft a top vendor acr...

Assessing your contract management system the key to success

Sometimes an evaluation will be prompted by something bad happening – a contract being missed, a renewal slipping through the cracks or a simple human error that has large repercussions. Best practice, however, is to commit to regular assessments every few years and pre-empt or stop the mistakes from occurring. Gartner has a well-regarded Contract Lifecycle Management Maturity Model, which helps companies determine how effective and sustainable their current contract management system is. Brok...

Rocketspark's Flint makes SEO easy for designers

Originally published on rocketspark.com One of our Design Partners got a client’s website ranking on Google’s page two within two days of going live, something she said was only made possible with the help of Rocketspark feature, Flint. Flint, enables designers to create content for Search Engine Optimisation (SEO) while giving you feedback on your page score - helping you to know if you’ve nailed the core SEO requirements. At Rocketspark we've seen both clients and designers struggle with...

Augmented reality in Shopify a useful feature for sellers and buyers

AR allows customers to get a better sense of size and detail in products, interact with products by seeing all angles, and view items them in their own home to check that they fit and complement their existing space. For customers who would rather not read through a long list of item specifications, AR helps them examine the product in more depth and with better perspective, which is often lacking through photos alone. While viewing and interacting with an item in store is the ideal experience, ...

Agiloft a leader in Gartner Magic Quadrant for 2021

Gartner evaluated 15 CLM vendors, taking a detailed look at the industry’s foremost products, researching top solutions and recognising the best contract management systems available. In the report, Gartner says: "Leaders are in the strongest position to influence the market's growth and direction. They demonstrate a market-defining vision for how CLM technology can help companies achieve the business objectives of managing compliance and reducing process bottlenecks. “Leaders can execute a...

5 useful tips for a successful CLM implementation

1. Begin with process When introducing a new system or new technology it can be difficult to get everyone on board, but user buy in and uptake is vital to ensure the system runs smoothly and without gaps. People need to be given clear instructions on what will be expected of them and how to use the system. The existing system needs to be mapped to identify areas of inefficiency or inaccuracy and to pinpoint areas for optimisation. There is no point in digitisin...

7 tips for effective vendor contract management

Originally published on agiloft.com Hardly any business runs on its own. Relationships with third-party vendors enable a huge portion of an organisation’s operation, and the health of these relationships are directly connected to revenue. Within this system, vendor contracts can play just as big a role as client contracts. How organisations manage procurement of goods and services varies widely. However, a vendor contract management system that centralises documents and streamlines work flows ...

Rise of the shecession

The term shecession was coined by the president and CEO of the Institute for Women’s Policy Research in the US, C Nicole Mason, who is concerned about the millions of women who have lost their jobs or left the workforce in the last year. “Many women, women of colour, have been unemployed for 28 weeks or more. So the longer women stay out of the workforce the harder it is for them to get a job or return to the workforce. That will definitely have a long-term impact on their long-term economic...

What is contract analysis and why it matters

Originally published on agiloft.com How to analyse a contract Everyone wants more data and analytics to help drive smarter decisions. To achieve this end, many companies have become increasingly creative to get the information that they are after. Still, one of the most data-rich resources in your organization may be overlooked: contracts. As the bedrock of business, contracts are a goldmine of information. Capturing every transaction, customer, vendor and all potential partnerships—contra...

Enhanced user interface and use of AI in the Agiloft Spring Release 2021

The specific enhancements you will see with the Spring Release 2021 include: Search, view and navigate faster with the new, intuitive Agiloft interface.Pinpoint the results you need more quickly with new search.Streamline your workflow with our MS Office integrations.We now bring the full Adobe sign e-signature experience into the Agiloft platform.Identify more clauses and critical facts – faster and more accurately – with the new and improved AI toolkit. Top Navigation Bar Put all you...

SaaSam a finalist in the Waipa Networks Business Awards

The Waipa Networks Business Awards are open to businesses in the Waipa region and aim to encourage and support businesses in their quest for success through sustainability, innovation, leadership, and excellence.  Categories include Excellence in Small, Medium and Large Business, Community Contribution, Innovation and Adaptation, Digital Strategy and E-commerce, and Contribution to Tourism, along with the overarching Supreme Award. The winners will be announced at the awards dinner hosted a...

Agiloft wins at the BIG Innovation Awards

Agiloft, the leading provider of contract lifecycle management systems, was named a winner in the 2021 Business Intelligence Group (BIG) Innovation Awards for their AI Core. These awards recognise businesses and people bringing innovative ideas to life that change the way we experience the world. "2020 was a year of major developments in our AI Core, and we are very pleased to gain recognition with this Innovation Award," said Agiloft CTO, Colin Earl. "With the increasing demand for contract li...

No-code and the future of AI-powered contracting

Written by Colin Earl, Agiloft CTO. Originally published on vmblog.com.  Last year, the pandemic transformed almost every industry. The global impact of COVID-19 forced enterprises to quickly adapt and digitally transform traditional, in-person processes. This is especially true in the case of legal operations. Legal teams now must rely on software like contract lifecycle management (CLM) to update contracts, extract metadata for contract development, as well as review and track documents t...

Tech predictions for 2021

2020 was a gamechanger in terms of technological advancements and uptake, as the physical world shut down due to COVID-19 and the pace and use of the digital world accelerated, becoming everything we needed. Technology was how we connected with loved ones, how we ordered food, how we worked, how we shopped, how we got our news, information and entertainment. This year, technology will continue to evolve rapidly as many people have shifted permanently (or at least increasingly) to this way of liv...

Agiloft appoints Andy Wishart chief product officer to accelerate product innovation

Article originally published on agiloft.com.Agiloft, the global standard in contract and commerce lifecycle management, today announced the appointment of Andy Wishart as chief product officer (CPO). Wishart will provide leadership and direction to further accelerate innovation in Agiloft's no-code contract lifecycle management (CLM) platform.Wishart brings over 20 years of experience building innovative legal technology solutions. Most recently, he worked as vice president of product management...

Why Agiloft’s contracts AI is a gamechanger for legal

Article originally published on the Agiloft website.  In a recent Artificial Lawyer article, Agiloft founder and CTO Colin Earl spoke about how the platform’s contracts AI streamlines contract and document review and what this means for legal teams and contract managers: “With the Agiloft Fall 2020 Release we have improved the training model to account for the most common use cases. This significantly reduces the volume of bespoke contracts needed and therefore reduces the cost of data ...

Supporting women in business through the pandemic and beyond

According to Statistics NZ, in the June quarter with the first lot of job losses due to Covid-19, 10,000 of the 11,000 jobs lost belonged to women – that is almost 91%. "It's not just women, it's women over the age of 50, Māori and Pasifika women, and we need to take those lenses into our specific Government policy and support to make sure that people are supported during this time,” said Women’s Minister, Julie Ann Genter. Female-dominated sectors in New Zealand including hospitality, re...

Advances in AI engine, usability and integrations in new Agiloft release

Article originally published in Enterprise Talk. Microsoft Word Add-In, Dell Boomi Connector, and Tableau among new updates providing major increase in usability and integration of Agiloft. Agiloft, the global standard in contract and commerce lifecycle management, today announced its latest product release with expanded AI functionalities and significant new capabilities to integrate contract processes with enterprise applications and ecosystems. “The latest Agiloft release is about making li...

Selling in the digital age

A recent survey by Microsoft in the Asia Pacific region, found that almost two-thirds of businesses were fast-tracking the take-up of digital services and automation to enhance their online presence in this increasingly digital world.Marketing company ZEALD reports that getting online is more important than ever – especially when certain e-commerce trends can drive business sales.They reported that selling on different social channels is more prominent, with Instagram, Facebook and YouTube gro...

The IT cost fallacy

We keep clothes in the wardrobe that we never wear and don’t particularly like, simply because they were expensive, whereas we will easily throw away or donate an item of clothing that was much cheaper. By keeping the expensive items people feel that the money they spent hasn’t been wasted, but here lies the fallacy – the money is already gone, so there is no use in worrying about it. This holds true for what we call the IT cost fallacy: companies keep using an existing business system th...

Agiloft named value and customer leader

Article originally published in Industry Today. Agiloft, the global standard in contract and commerce lifecycle management, today announced it has once again ranked as a Value and Customer Leader by industry analyst firm Spend Matters in its Fall 2020 SolutionMap for Contract Lifecycle Management (CLM).  Using a powerful and fully transparent comparison methodology, SolutionMap has rendered Spend Matters the definitive technology benchmark for procurement and supply chain professi...