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How to solve risk management and contract inefficiencies

How to solve risk management and contract inefficiencies Share This Story, Choose Your Platform! According to the 2021 EY Law Survey, two of the biggest challenges legal departments face are risk management and contract inefficiencies. This post will look at why those challenges are occurring and what steps businesses need to overcome. Risk Management 65% of respondents to EY’s Law… Read More »How to solve risk management and contract inefficiencies

Zendoc is the AI Platform Your Business Needs

Zendoc is the AI Platform Your Business Needs Share This Story, Choose Your Platform! Businesses today are struggling with their contract management, and this is costing them money. The Harvard Business Review found that poor contract management costs businesses up to 40% of the value on their deals.  When that is repeatedly happening, it adds up.  Why is this happening? … Read More »Zendoc is the AI Platform Your Business Needs

You Can Do It! Reduce Your Overhead Costs While Increasing Productivity!

You Can Do It! Reduce Your Overhead Costs While Increasing Productivity! Share This Story, Choose Your Platform! If your company was like most, 2020 was no banner year. A recent study from HBR Consulting showed that most law departments are looking to cut operational costs by various means, including losing employees.  Simultaneously, these same companies are seeing an increase in… Read More »You Can Do It! Reduce Your Overhead Costs While Increasing Productivity!

Three Ways AI Can Assist Chief Legal Officers

Three Ways AI Can Assist Chief Legal Officers Share This Story, Choose Your Platform! CLOs, or chief legal officers, are responsible for much more than simply managing legal matters for the company. They must also handle risk mitigation, optimize legal processes, ensure compliance and customer satisfaction, and keep all legal strategies aligned with the company’s business model. With so many… Read More »Three Ways AI Can Assist Chief Legal Officers

Is Poor Contract Management Costing You Revenue?

Is poor contract management costing you revenue? Share This Story, Choose Your Platform! The 2021 EY Law Survey identified some key barriers that companies face when it comes to solving the problem of contract management inefficiencies resulting in lost business. The survey found 50% reporting this issue and that it was directly impacting their organization’s revenue growth.  As we look… Read More »Is Poor Contract Management Costing You Revenue?

Do You Need an NDA When Hiring Subcontractors?

Do You Need an NDA When Hiring Subcontractors? Share This Story, Choose Your Platform! Your business is full of confidential information (customer lists, financial records, business proposals) that must remain protected.  For security reasons, you must have nondisclosure agreements (NDAs) when engaging in business with subcontractors.  Here we will examine what an NDA is, why you need NDAs and the… Read More »Do You Need an NDA When Hiring Subcontractors?

What is document management

What is document management

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What is the purpose of document management? Document management, often referred to as document management systems (DMS), is the use of a computer system and software to store, manage, and track electronic documents and electronic images of paper information captured through the use of a document scanner. . What are the principles of record management? The 8 Principles are: Responsibility,… Read More »What is document management