Shaping the Future of GenAI-Embedded Services | Execo Edge | CLM (2)
6 Unexpected Costs of In-House CLM Maintenance
You’ve invested in a Contract Lifecycle Management (CLM) system, expecting it to streamline your workflows, reduce legal risk, and improve contract negotiations. However, while the implementation may seem like the hard part is over, the reality is that maintaining a CLM in-house can be more demanding than anticipated. Without dedicated oversight, the system’s early benefits can quickly diminish, leaving businesses to deal with unforeseen challenges.
Your CLM is Live. Now What? 4 Steps for Sustained Business Impact
You've invested considerable time, effort, and resources into implementing your Contract Lifecycle Management (CLM) system—that’s a big win! Whether you've partnered with external consultants or managed the implementation internally, you're now positioned for greater efficiency and fewer contract headaches. But much like buying a house, building a solid foundation is only the first step. If you don't continually maintain and enhance it, issues will inevitably crop up.
6 Common CLM Implementation Challenges Post-Live (And How to Mitigate Them)
A successful CLM implementation feels like crossing the finish line. But in reality, it’s just the starting point. Even with a smooth rollout, teams often hit unexpected roadblocks like low adoption, workflow hiccups, and process gaps that didn’t show up in testing. The real work kicks in after go-live, with ongoing tweaks, training, and fine-tuning needed to get the most out of the system. While CLM promises streamlined workflows, improved compliance, and reduced risk, even with an exceptional implementation, organizations can expect to encounter common post-go-live challenges that threaten to derail those benefits.
8 Hidden Pitfalls in Healthcare Provider Contracting (And How to Avoid Them)
Healthcare contracting has undergone a seismic shift. What was once a straightforward exchange of services for payment has morphed into a labyrinth of value-based care agreements and compliance obligations. Providers are no longer just negotiating terms. They are navigating the intersection of quality metrics, patient outcomes, and financial risk.
9 AI Trends Set to Reimagine the Legal Landscape in 2025
In my 15 years of lawyering—first in traditional law firms and later across various industries as in-house counsel—one problem has remained stubbornly familiar: contract management can feel like chasing after scattered puzzle pieces. I’ve seen time lost sifting through old folders, wrangling with cluttered Google and OneDrives, rummaging through colleagues’ email archives, and even digging through old USB sticks. Countless times, I’ve had to ask colleagues to verify whether my contract file was the latest version. It’s not just frustrating; it’s a costly distraction that pulls us away from what really matters—serving clients, guiding strategic decisions, and managing risk.