The face of legal is changing. Manual processes that once inhibited efficiency and growth are quickly becoming digitized. As more and more businesses move to the cloud, savvy legal departments are digitizing the contract lifecycle management process and asserting strategic value within their respective organizations.
Contract management is a key process that remains manual in a surprisingly large number of businesses. For 95 percent of the world’s companies, managing contracts is done outside of the cloud on desktops, or worse, still on paper. These workflow blockades force legal to focus on administrative tasks instead of strategic growth, limiting their ability to bring in revenue. While sales and marketing organizations are growing at a rapid pace, legal remains stuck on a slower trajectory, fighting for headcount.
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