Contract Management: Tools for Improving the Process Within Organizations

Analyzing Contracting Responsibilities, Outsourcing Options and New Technology; Reducing GC Workload

Recording of a 90-minute CLE webinar with Q&A


Conducted on Thursday, January 4, 2018

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will provide in-house counsel with insights on how best to manage contracts in a high volume, high velocity corporate environment. The panel will discuss the various participants in the contract life cycle, and how technology and outsourcing can aid legal departments in overseeing each step of the process.

Description

In-house counsel is typically responsible for oversight of negotiation, drafting, modification and renewal of a high volume of various contracts within an organization. Parties involved in the contracting process are often non-legal personnel, using language, forms and inserts that can evolve over time.

GCs must be able to work with sales, procurement, finance and compliance departments to develop a contract management process that minimizes legal department involvement while protecting the organization. The best process gives an organization the power to create and monitor contracts faster, smarter and at far lower cost, while preserving the integrity of company contracts.

Technological advancements have made a wide range of contract management software options available to in-house counsel. Artificial intelligence is emerging as an effective instrument for contract review. Some law departments are also outsourcing contract management to third-party vendors.

Listen as our panel discusses the latest innovations in contract management at each stage of the production and monitoring cycle. The panel will also discuss opportunities and pitfalls in using contract management software and AI, and in outsourcing contract management to third parties.

READ MORE

Outline

  1. Legal department’s role in contract management
  2. Participants in the contract process—sales, procurement, finance and compliance personnel
  3. Cataloging and preserving forms
  4. Monitoring amendments, extensions, terminations
  5. Using technology to manage contracts
  6. Outsourcing of contract management

Benefits

The panel will review these and other key issues:

  • What factors should corporate legal departments consider when designing a process to make contract management more efficient?
  • How can in-house counsel efficiently move contracts through the life cycle and mitigate contractual risks for the company?
  • What should corporate legal departments consider when selecting contract management software or an outsourcing vendor?

Faculty

McNiece, Leslie
Leslie McNiece

Director
Consilio

With a background in applying technology to improve business processes and meet regulatory compliance expectations, Ms....  |  Read More

Wescott, Rob
Rob Wescott
Chief Revenue and Strategy Officer
ayfie

Mr. Wescott is responsible for defining and maintaining the revenue strategy, architecting and integrating the revenue...  |  Read More

Lawlor, John
John Lawlor
General Counsel
Jaggaer

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

$297

Download

$297