How to gain control of Contract Management processes

posted in Contract Management, E-signature technology

Lawyers are usually control freaks, but one area that seems to slip through their fingers is contract management. Whether it’s due to planning or information overload, an inefficient contract management process can result in delayed decision-making, people failing to understand their responsibilities, and missing opportunities to improve performance. One of the key goals of contract management is to obtain the services that were agreed upon and achieve value for money, which means optimizing efficiency, effectiveness of the service, and weighing costs against risks. A successful process guarantees you are in control of your legal risks, by doing the following:

CASE STUDY: How CitizenM improved productivity in Legal and across entire organisation

posted in Contract Management, E-signature technology, General Counsel, Legal Technology

Many General Counsels find themselves inundated with administrative tasks, thereby taking them away from assuming a more proactive role in the business. All too familiar with this predicament, Hein Bijl – General Counsel of CitizenM – was glad to see the back of spreadsheets and manual processes when the company adopted a smart legal repository for managing all their legal […]

Going paperless: 8 steps to digitize your in-house legal team

posted in Cloud technology, Contract Management, E-signature technology, Entity Management, IP Management, Legal Risk Management, Legal Technology

In the most basic sense, going paperless means we use software to create documents, we send them via email instead of printing and mailing, and we store them in digital format instead of in filing cabinets. Replacing paper with technology saves us time and money, making us more efficient and effective. While the advantages of a paperless, digital office are hard […]

Making the case for E-signatures in Legal Departments

posted in Contract Management, E-signature technology, Legal Technology

Corporate legal departments once viewed technology as an obstacle that only made their day-to-day operations more difficult. Today, they’re realizing that it can help them to work efficiently and gain a competitive edge. One of the main barriers to adopting technology is the legal department’s need for signatures. This has led them to resort to paper processes. The dependency on paper processes results in time wasted chasing signatures and spending valuable resources on paper. Meanwhile, the rest of the organization is left wondering why it takes so long for legal to answer their enquiries.

E-signature regulation coming to Europe

posted in E-signature technology

Despite the fact that the first EU e-signature Directive has been in place since 1999, the adoption of e-signatures has been slow across all industries. Many organizations prefer to stick with paper processes because they still believe that a handwritten signature on a piece of paper is more valid. According to a study by Association for Information and Image Management (AIIM) on how organizations are moving away from paper processes, more than 50% of respondents reported they print out documents for the purpose of adding a signature. However, changes in e-signature technology and regulation indicate it’s time to take a look at the technology.

How to convince your organization to adopt e-signatures

posted in E-signature technology

As a lawyer, your colleagues have probably told you all the reasons why you shouldn’t use e-signatures: “they’re too risky,” “too many things can go wrong” – you can’t blame them for assessing the risks, they’re just doing their job. However, the next time you’re standing in front of the fax machine for five minutes before realizing it’s out of paper, maybe it’s time for your legal department to consider adopting e-signatures and get rid of the fax machine altogether.

4 Predictions for European E-Signature Adoption

posted in E-signature technology, Legal Technology

While Europe might be ahead of the US when it comes to fashion, the same thing cannot be said for e-signatures. The continent is slow to adopt the fast-growing technology, hindered by inconsistent legislation and a fragmented regulatory system. There does seem to be some light at the end of the tunnel, however. In July 2014, the European Parliament and Council passed legislation on electronic identification that helped to bolster the framework surrounding e-signatures. Thanks to the clarity and region-wide applicability of the legislation – along with the implementation of mobile technology – it will help increase adoption. To get a picture of what the future for e-signatures might look like, a brief from Forrester Research shares four predictions that will drive the European e-signature market.

Digitally Signed, Sealed & Delivered: Are eSignatures Legal?

posted in E-signature technology, Legal Technology

Any member of the in-house counsel knows that trying to collect a signature on a contract often becomes a waiting game. It can take days or weeks to chase down the signer, costing businesses time, money and resulting in a frustrated general counsel or paralegal. Luckily for the legal world, there is a way to sign contracts without ever putting pen to paper.