Technology companies, in line with ESG (Environmental, Social and Governance) criteria, have a responsibility to address topics related to social justice and diversity, equity and inclusion. This is because of the great impact that they have, as powerful corporations, on public opinion and society: they have an additional duty to contribute to a fairer planet.
When it comes to innovating in the legal department, its director must connect the needs of the area with the business strategy. To do this, the in-house lawyers of the legal department must familiarise themselves with the new, keep abreast of change and bear in mind that technology, properly chosen, is key to the development of the department. What are the first steps the legal department should take to be among the most innovative?
Today's in-house lawyers must have multifaceted knowledge, have continuous training and, in addition, have knowledge of legal tech for the proper management of the company's legal operations. Given the critical importance of legal operations to business, inefficient management of legal operations leads to companies losing up to 9% of their annual profits, according to studies such as that of World Commerce and Contracting.
"Bigle Legal is an essential tool in our day-to-day work. It allows us to save time in the processes, to have a more orderly management of all the documentation, it saves us from printing hundreds of pages a week and, above all, it allows us to have a contract ready in a matter of minutes without fear of making a mistake".
Albert Puñet, CEO at El Balcó Immobiliària.
Human resources departments are responsible for a wide variety of bureaucratic and administrative processes in companies. This usually means countless documents to collaborate and work on, before signing and storing them. But it doesn't make sense to manage and process HR contracts in recruiting software designed for other departments like sales or procurement. With Contract Lifecycle Management, it is possible to reduce hiring costs, avoid outsourcing headhunters, and speed up employee hiring and dismissal processes.
The back-office departments of large corporations receive hundreds and hundreds of external claims per month. This volume represents considerable data and information linked to specific issues. Receiving, processing and managing them in a classified way can be a daunting task. Still, it becomes child's play thanks to state-of-the-art Contract Lifecycle Management (CLM) technology.
The verb telework has become synonymous with many positive aspects since Covid-19 made working from home commonplace overnight. As well as saving money for the employee - who most often benefits from a teleworking allowance- teleworking brings benefits to companies if it is aligned with their ESG (Environmental, Social and Corporate Governance) philosophy and is a magnet for attracting talent. However, it is worth bearing in mind that being at home consumes the most energy, so pay attention to some tips to make teleworking 100% efficient.
Contract Lifecycle Management (CLM) is a technological ally that speeds up, streamlines and secures document processes in legal departments. A diamond in the rough for lawyers, but what if it were a tool that works for the rest of the company? Both questions have an easy answer: CLM helps anyone who works not only with contracts but also with all kinds of legal documents. Human Resources, Finance, Procurement, Marketing… all of them can benefit. Regarding the sales department, the CLM is a resource to streamline its negotiation processes, secure them and make them more attractive to the customer.
Modernising tools and work processes is essential to achieving sustainability in companies from all kinds of sectors
Energy costs make headlines at a time of crisis on the European continent. All eyes are on the price of electricity and the kilowatt is a unit of measurement to which we have had to become more accustomed than we would have liked.
The return to the office is here, but CLM technology ensures it doesn't become a stressful process.
Those long-awaited holidays have finally arrived. But, just as they arrived, they are coming to an end. The return to the office is already underway, and, in many cases, it comes with a corresponding ration of stress. To make a smooth transition from a period of total disconnection to a period of hustle, and avoid a painful return to school, find out which practical tips will allow you to return to the office at 100%, with a special mention to CLM technology.