Topics
Contract Lifecycle Management Resources
Blog Post
When Threats Become Opportunities: Assessing Risk to Derive Value from Contracts
Many businesses lack a clear set of defined guidelines for contracting teams and business leaders to follow during contract negotiations. This often results in organizations becoming obligated under contract terms that raise undue risk or are misaligned with the business’s needs. When this happens, the potential fallout can remain out of sight and out of mind for months or years. That is, until an event arises, such as a disruption in the supply chain, blocked strategic transaction, data breach or regulatory investigation, that exposes issues within the contract portfolio.
White Paper
A Framework to Transform Contract Risk into Business Opportunity
The scope, scale and intensity of business risks are escalating for 85% of general counsel. As legal teams work to minimize exposures across a wide spectrum of issues, risk hiding within contractual agreements persists as a common blind spot for many organizations.
Case Study
A multinational organization in the life sciences industry engaged FTI Technology’s Corporate Legal Operations experts to help identify gaps in the legal department’s software systems and processes. The client requested an assessment of current state of contracting processes and recommendations for a contract lifecycle management solution to improve visibility of contracts and obligations across the organization.
White Paper
In Contract Management, Standards Lag Behind Investment
This report explores a framework for CLM - a Digital Contracting Reference Model (DCRM) - and provides a common language framework for practitioners, technology vendors and legal service providers to align on and follow, allowing best practices to develop across disciplines.
Case Study
A global manufacturing company engaged FTI Technology’s Corporate Legal Operations experts to improve commercial efficiency through optimization and automation of contract processes. Working from the client’s long list of potential software vendors, FTI Technology led efforts to arrive at a shortlist of preferred solutions, evaluate leading options, make a selection, provide change management advice and lead the implementation efforts of the selected solution across four continents.
Video
Unlocking the Strategic Value of Your Contract Lifecycle Management Program
In this webcast, Wafik Guirgis, and Rohit Gulati of FTI Technology's Legal Operations practice and their panelists from FMC Corporation and Integra LifeSciences Corporation share actionable insights and best practices for creating a strategic vision for an effective Contract Lifecycle Management (CLM) program that aligns with the needs of the business.
Case Study
On the heels of an extensive information governance, privacy and records management overhaul supported by FTI Technology, a large North American retail chain was pursuing a contract lifecycle management (CLM) implementation. The company aimed to centralize its contracts, deploy a new CLM tool, establish new contracting policies and improve workflows ahead of a planned merger. FTI Technology’s Corporate Legal Operations experts were engaged to ensure the project remained on course and provide a full transformation of contracting processes.