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Contract AI analysis – Strongest Ally of Risk Management

Artificial Intelligence focused on contracts is the due diligence your contract data needs for highly efficient and effective risk management. Managing your contract data may be one of the most important steps to making your organization more resilient. Knowledge and clarity of your organization’s contract health improves your power to make adjustments during changing times.…

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CLM in a Pandemic World: Recovering with Resilience and Strength through Contract Analytics (Part 3 of 3)

Data-driven companies have been more successful during these trying times. They treat data as an important corporate asset, derive insights from it and make decisions that improve their operations. The pandemic highlights the need for technology and a shift to digital is more critical than ever.  Better analytics lead to business innovation, a greater understanding…

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CLM in a Pandemic World: Speed, Simplicity, and Safeguards through Contracts AI (Part 2 of 3)

Organizations often lack transparency and understanding of costs, risks, administrative processes, and obligations inherent within their agreements. Their biggest challenge is to make this relevant information available to stakeholders. Here is where Contracts AI can be instrumental. From Mainspring’s first-hand experience with close to 100 companies, we have seen the digital transformation power of Contracts…

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CLM in a Pandemic World: Rapid ROI for Business Continuity and Vitality (Part 1 of 3)

Business continuity is at the heart of every business’ disaster plan. During a time of crisis, whether caused by epidemics, natural disasters, or terrorist attacks, business trends show an increased focus by organizations to reduce spending in order to account for costly and risky external disruptions. These efforts often conclude that digitizing business processes can…

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Key components for a successful CLM Maturity Assessment

A Contracts Lifecycle Management (CLM) maturity assessment should answer this important question: Is the time right for this initiative? This assessment clarifies your company’s current state of maturity relative to operational dimensions of the Business Transformation model: Strategy, Process, People (Governance), Data, Functionality, and Enabling Technology. Ideally, a third party conducts this assessment to bring…

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Maximize your Return on Contracts with this comprehensive “Getting Started with CLM-CPQ Checklist”

We strongly recommend our clients follow this comprehensive checklist which is monumental to their success in the implementation of their CLM (Contract Lifecycle Management) and CPQ (Configure Price Quote) strategy. It is the pillar of Mainspring’s success principles for the Middle Office. The following “Getting Started with CLM-CPQ” checklist shows the value of a solid…

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