Tag: Fynk

Legal automation: The future of law

Legal automation is the use of software and technology to streamline, manage, and execute legal tasks or workflows in order to increase efficiency.

What is contract automation and what are its benefits?

Contract Automation is the process of optimizing the creation, management and execution of contracts through digitization and automation. It simplifies and streamlines the process of creating contracts.

What is digital contract management?

In business, a lot revolves around contracts. And contracts pile up as companies grow and the number of transactions increases. That’s when companies realize they need a system to store, track and analyze contracts …

How contract management software reduces costs

From small businesses to large corporations, companies of all sizes rely on contracts to protect themselves and manage every aspect of day-to-day operations. Deliveries to customers, services from suppliers, leases for …

Artificial Intelligence and Automated Contract Review

Contract review technologies have been around for years, but they have primarily been used to store and organize contracts. But more innovative tools are now available to companies that eliminate the tedious, manual, and …

Contract management vs. document management

There is much confusion between the definition of contract management and document management. Some people use the terms interchangeably, while others consider them to be completely different solutions. So what is the …

Contract management software as the basis of business success

Contract management software makes it possible to ensure that a company’s entire contract lifecycle is flawless and legally compliant. In this blog post, we’ll explain the benefits of contract management …

The 8 phases of contract management

Effective contract management can essentially be divided into eight phases. The following article provides an overview of these phases and outlines the lifecycle of a typical contract.

What is an electronic signature?

Without a doubt, electronic signatures are the best way to sign contracts. In fact, electronic signature tools are helping thousands of organizations create a better signature experience, automate their business …

What is the difference between contract management and contract lifecycle management (CLM)?

Although contract management and contract lifecycle management seem synonymous at first glance, they are not interchangeable. When looking for ways to improve legal workflows in an organization, it is important to know …

What are the benefits of document automation?

Automation is becoming increasingly important in everyday business. Attached are some reasons why companies are turning to this technology to create and manage documents in an automated way.

What is Redlining?

Contract negotiations can be incredibly complex. Many contracts are sent back and forth between different parties several times before they are finalized. This back and forth is called “redlining” and is …

Why is contract lifecycle management so important?

Contracts go through a long journey, with numerous stages between creation and execution. Without proper contract lifecycle management, a company can be exposed to serious financial and operational risks. Especially when …

What is legal document automation?

Legal document automation is a blessing for law firms, legal departments and even users of legal services. In the past, legal departments spent countless hours creating and managing legal documents. But with the advent …

Why contract management streamlines processes

Regardless of the industry, contract management is an essential part of any business. Contracts form the backbone of daily business operations and are an important risk management tool. As a company grows, so does the …