Me too. I would be interested to hear what others have found in selection of a CLM.
I am not a buyer of CLM solution but a seller. I work for EY and have developed a easy plug-in and use SharePoint based CLM solution. Would be happy to participate in the RFP/RFI process. My email ID is: Kulbir.email@example.com.
As for my tool the below features are available at extremely reasonable pricing and very easy to use format.
Integration with Clients' system
Repository of Contracts
Templates uploading and downloading
OCR File Scanning
Dashboards and Reports
Alert and Notifications
Multiple Filtering options
Selecting form Templates
Download Reports/Export meta data to excel
Upload templates to a selected workspace
Create new user accounts
Reset user accounts
Edit access to users
create new workspace
upload templates to a master database
Easily Customizable App UI
Contract Clause Library
Intake form that can integrate with single sign on (SSO)
Compliance with other regulations
Seplat Petroleum Development Company Plc
yes, we are following soft copies of contract, but we use pdf format for the transfer of documents, not any contracting software. We are using it for few years now, and it works good. We have reduced the filing storage requirements to 10%. If you have any specific question, feel free to ask.
• Mythics Inc.
Yes - we complete over 90% of our contracts with electronic signature and delivery unless mandated by our customer. It allows for a shorter turnaround times and and a significant reduction in physical storage requirements.
Both of these areas will need addressing on the journey. My advice would be to follow the money, that is to say do the thing that will be most impactful on the bottom line first based on the current issues and risks that you are aware of. Rather than seek perfection take addressable areas and tackle them one by one. Start with a pilot, adapt to include the learnings and then extend the scope and repeat.
• sussex university
Thank you David. This is good advice. There is a significant saving to be made on the asset management side. I have started to look at a Proof of Concept offering, with SNOW (Asset Management Tool). Using the output to justify a licence for an AMT, with requirements to integrate to a CM System. I am finding managing the internal IT resource challenging, in terms of getting a final answer on our position (lots of conflicting 'tech speak'), which itself justifies the need for the Report, and to bring in a SAM specialist(to have the final say/be out trusted voice of reason).
Australian Red Cross Blood Service
Hi Mark, Happy to discuss. Send me an email via firstname.lastname@example.org and I can talk about the principles I use.
In my view I don't believe, as a community, we have fully bottomed out all the risks associated with these types of engagement.
• Nokia Solutions and Networks Australia Limited
For a very good, concise review of the principles and issues of cloud agreements generally, covering most of your points above (my view anyway), you might also check out David W. Tollen's book "The Tech Contracts Handbook" online or via this website:
I like this idea. 15 years ago(!) a colleague tried to introduce 'plain English' contracts to a UK Aerospace manufacturer. It had some success, but ultimately didn't take hold. I am guilty of saying "execute" instead of "sign" and "pursuant to" instead of, er, well nothing really.
Highly appreciated initiative. Increasing the user friendliness of contracts are, in my view, not prioritized. But you are up against a tradition and practice that is hard to change, even through graphic illustrations are proven to have multiple benefits.
Camilla Andersen gave a presentation on Comic Contracts in the last local DK IACCM meeting facilitated by Ramboll. Where you place yourself in the scale of using graphics (visulisations supporting the text or a full blown comic contract) may depend on the case, audience and "environment" you are operating in..
Camilla also provided this link: www.comicbookcontracts.com/
• Omaha Public Power District
I think blockchain will have a major impact in the future of and will transform the legal industry. And I try to stay informed ('try' is the magic word) -- check out this link as well: www.legaler.com/
Blockchain approaches are really bleeding edge at this point, and only for the very best informed. We recently did a workshop at MIT on AI, Blockchains and the Future of Law. Happy to make introductions if you are seriously considering this. But in the meantime- suggest you might look at the work we are doing with the IACCM on contract standards that are compatible with a blockchain approach - or not. github.com/IACCM and a "Wise Contracts" paper with Helena Haapio - papers.ssrn.com/sol3/papers.cfm.
Also - the AccordProject.org is very active in this field and in the IACCM.
Hi Andrew, aeternity is a blockchain implementation with some limited contracting features. Basically the ecosystems support smart contracts on their blockchain but with many limitations in terms of compliance. Our approach is a bit different, we offer an end to end contract management system in the blockchain supporting eprocurement and supply chains. Have a look here www.trakti.com and let me know if you want to know more. PS we are production ready ;-)