13 09, 2024

Understanding the Common Challenges in Contract Lifecycle Management

2024-08-27T13:57:35+02:00September 13th, 2024|Blog|

Contract Lifecycle Management (CLM) is vital for any business, guiding contracts from creation through execution, renewal, and expiration. Despite its importance, many organizations struggle with contract lifecycle management challenges, leading to inefficiencies and potential risks. Recognizing these challenges is key to improving your contract management practices. Why addressing contract lifecycle management challenges is crucial for business success Effectively managing the entire contract lifecycle is not just a matter of organization—it’s a critical factor in minimizing risks and maximizing efficiency. By addressing the common challenges in contract lifecycle management, businesses can ensure smoother operations, avoid costly mistakes, and maintain [...]

9 09, 2024

Key Criteria to Evaluate When Considering CLM Solutions: A Guide for In-House Legal Teams

2024-09-09T15:58:51+02:00September 9th, 2024|Blog|

Choosing the right Contract Lifecycle Management (CLM) solution is a critical decision for any in-house legal team. The right tool can streamline your processes, improve compliance, and empower your team to focus on more strategic tasks. But with so many options available, how do you know which solution is the best fit for your organization? At IRIS, we’ve partnered with numerous legal teams, supporting them in their decision-making process to make a profound decision. In this guide, we’ll walk you through the key criteria you should consider when evaluating CLM solutions, ensuring you select a tool that meets your [...]

6 09, 2024

The Benefits of Contract Lifecycle Management: Why In-House Legal Teams Need It

2024-09-06T11:09:09+02:00September 6th, 2024|Blog|

At IRIS, we’ve seen firsthand how in-house legal teams operate under constant pressure. Balancing the demands of the business with the need to stay compliant and manage risk is no small feat, especially when you’re dealing with a high volume of contracts. Over the years, we’ve helped many legal teams transition from manual, fragmented processes to more streamlined and efficient operations. One of the key tools in making this shift is a robust platform for Contract Lifecycle Management (CLM). But why exactly do in-house legal teams need CLM? Let’s dive into the benefits of Contract Lifecycle Management and how [...]

3 09, 2024

Streamlining The Contract Lifecycle: Six Stages Every In-House Legal Team Should Know

2024-09-04T08:23:15+02:00September 3rd, 2024|Blog|

At IRIS, we’ve had the privilege of partnering with countless in-house legal teams, helping them navigate the complexities of contract management. We understand the pressures you face—balancing compliance, efficiency, and organizational goals—all while managing a mountain of contracts. Through our experiences, we’ve developed a deep understanding of the contract lifecycle and how to make each stage work for you. Think of this guide as a conversation with a peer who’s been in the trenches with you, someone who’s faced the same hurdles and discovered practical ways to make the process smoother and more effective. The Six Stages of the [...]

29 08, 2024

Building the Business Case for a CLM Solution: A Guide for In-House Legal Teams

2024-09-05T07:56:00+02:00August 29th, 2024|Blog|

When it comes to implementing a new Contract Lifecycle Management (CLM) solution, one of the biggest challenges in-house legal teams face is securing buy-in from leadership. While the benefits of CLM are clear to those managing contracts daily, convincing decision-makers to invest in a new system requires a well-crafted business case. At IRIS, we’ve partnered with many legal teams to help them articulate the value of a Contract Lifecycle Management solution, translating operational benefits into strategic advantages that resonate with executives. Here’s a guide on how to build a compelling business case for adopting a CLM solution within your [...]