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Contract Management Principles

Contracts are essential to every business. An easy corollary is that contract management is essential to every business.  As more companies embrace the value of process automation, they are utilising contract management solutions. Contracts are formal, finalised agreements between businesses, and if you are not familiar with the ins-and-outs of contracts, what they do, and what they can do for your business we talk about them exhaustively here, here, and here.  The management of c...

How (And Why) Should I Analyse Contracts?

Reading contracts is a skill unto itself, and one that not everyone learns. Contracts do not particularly care to discriminate between ‘people who can read and analyse contracts’ and ‘people who cannot’ - regardless of your skillset you will be interacting with contracts, dealing with contracts, and be participating in tasks mandated by previously signed contracts every single day. Every part of your professional life has involved, does involve, or will involve a contract.   Everyon...

An Introduction to CLM Part 2: Who Should Be Using CLM?

Welcome to Part 2 of the Introduction to Contract Management series! In this part we are going to go over who should be looking at CLM solutions within the business, and why they should be considering them. If you missed out, you can click here to read Part 1, and if you clicked on this article out of a feverish desire to engage in CLM solutions you should e-mail us at: solutions@saasamgroup.com to set up an MS Teams call! To understand what CLM can do for you requires understanding the scope of...

An Introduction to CLM Part 1: What Is CLM?

The world of contract management is a wide and ever-growing one, with new discoveries and innovations happening (seemingly) daily as more and more companies adopt CLM solutions and as CLM providers to adapt to different needs and advancements in technology. At SaaSam, no single CLM implementation is ever the same – everything is tailored to our clients’ needs using Agiloft’s complex and infinitely customisable platform.  Before we talk about tailoring and tweaking individual aspects o...

WACNZ 2023: Inside the Avocadome

Hello everyone, and welcome to the first of a new series of SaaSam blog posts where we aim to bring you up to date on the world of CLM through our travels to various conferences and events!Understanding the online and technical aspects of the market, of software, and of sales is all important to us, but something that we really prize is getting on the ground, getting to conferences, and getting amongst the people and the industries that use CLM (or could use CLM) to better their business lives. ...

Agiloft Kicks Off New Year with Massive Momentum and Brand-New Visual Identity

Agiloft, the global standard in no-code contract lifecycle management (CLM), announced a record year in 2021 with a 100% increase in customer bookings, a 60% increase in annual recurring revenue (ARR), and a 72% increase in headcount. In the wake of this success, Agiloft will start off 2022 with a new visual brand and a refinement of its core company mission of delivering “Contract Management Without Compromise.”“2021 marked the beginning of a new era here at Agiloft,” said Eric Lau...

Agiloft CEO Eric Laughlin named CEO of the Year in the 2021 Globee Awards

The Globee Awards are a set of business award competitions organized annually to recognize outstanding accomplishments and contributions of companies and professionals worldwide. The awards are conferred in eleven programs, of which the CEO World Awards program celebrates the achievements of leaders, executives, and management teams who set industry benchmarks for excellence. Laughlin was recognized for his leadership in driving more than a 100% increase in customer bookings and 50% gr...

AI in 2022: Here are More AI and Tech Predictions from IT Experts

Originally published on Enterprise AIAs 2022 begins, the progress and continuing evolution of AI is in full swing across the worlds of industry, manufacturing, retail, banking and finance, healthcare and medicine and an expanding range of other fields.In our first roundup of 2022 enterprise AI predictions from IT leaders, which was published Jan. 7, we received a wide range of predictions from industry experts who shared their thoughts with EnterpriseAI.Today, in this article, we ...

Happy holidays!

The SaaSam team have officially clocked off for the year! And what a year it has been! It has been filled with uncertainty, worry and hard times, but we are pleased to be ending the year on a high and the busiest we have ever been. We would like to pass on our thanks and gratitude to our fantastic clients and partners who make SaaSam the great company that it is. Your continued support is very much appreciated and we look forward to working with you in 2022 and the year...

Agiloft named Contract Management Platform of the Year by LegalTech Breakthrough Awards

“No-code software like Agiloft allows non-technical staff and business users to deploy applications without writing a single line of code,” said Bryan Vaughn, Managing Director of LegalTech Breakthrough Awards. “Congratulations to Agiloft for being our choice for ‘Contract Management Platform of the Year.’ Agiloft holds a unique position in the market as the only no-code CLM platform today that also provides open AI capabilities – that is what we call a breakthrough service.” Agilo...

Agiloft named a leader in IDC MarketScape assessment

This IDC MarketScape assessment covers major vendors participating in the worldwide CLM market with a focus on functionality for the corporate legal department. Based on a comprehensive and rigorous framework, the report identifies the key software factors that are expected to be the most significant for achieving success over the short term and long term, dividing them into capabilities and strategies. Both quantitative and qualitative characteristics are assessed according to user interviews, ...

Connected experiences and tools to help improve productivity the focus of the Agiloft Winter release 2021

The specific enhancements you will see in this release include:  New Agiloft for Microsoft Teams appRedesigned Agiloft contract assistant for WordNew Salesforce managed package, Microsoft Dynamics connector and Tableau connector New features and design improvements Below is an in-depth look at some of the new features. Agiloft for Microsoft Teams Agiloft for Microsoft Teams offers a fully connected experience between Teams and Agiloft. Use the Agiloft app directly ...

The challenges, rewards and tensions of sharing data with suppliers

Originally published on capsresearch.org Supply managers face a daunting challenge when it comes to data. Sharing data with suppliers can improve efficiency, flexibility, quality, and new product development. But there are risks to intellectual property, corporate, and personal information, as well as regulatory and legal concerns, and attacks that could severely impair the organisation.  Given the benefits, supply managers face pressure to share increasingly sensitive data but face challen...

Global by default: Shopify Markets becomes new global commerce hub for merchants

Originally published on news.shopify.comGlobal ecommerce had a record year in 2020: sales grew 25.7% to $4.2 trillion*. Increasingly, those sales are happening cross-border. By 2022, it’s estimated that upwards of one in four US buyers will have purchased from a merchant in a foreign country.** Ecommerce is a global industry with global opportunity.Shopify already powers cross-border commerce for our merchants with solutions like international domains and multicurrency, empowering merchants to...

Why it's time to invest in women

Women control $31.8 trillion in worldwide spending, and in the US alone, control or influence 85% of consumer spending. As well as purchasing for themselves and their partners, as the main primary care person they buy on behalf of children and the elderly as well. So why then are women almost invisible when it comes to business, marketing, advertising and product decisions, whether it be in boardrooms, conferences, design teams or executive teams? And why don’t companies invest in them? Female...

The benefits of creating a website strategy

Originally published on rocketspark.com You already know the value websites can provide and how, but maybe you’re having trouble knowing where to start with planning a really high impact website beyond just laying out content and pictures so it looks nice. With the help of one of our top design partners, and our own Rocketspark experts, let’s dive past the skin deep beautiful websites into the high impact substance that makes for an ever engaging website experience. Remember who your audienc...

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...