Introduction Artificial intelligence (AI) has emerged as a transformative force in various industries, and the legal sector is no exception. Legal AI assistants, powered by advanced machine learning and natural language processing algorithms, are revolutionizing the way legal professionals conduct research, analyze documents, and streamline their workflows. This rapidly advancing technology holds the potential to enhance accuracy, efficiency, and productivity ...

Introduction Contract management plays a crucial role in the success of any business. It involves overseeing and optimising the entire lifecycle of contracts, from initiation to execution and renewal. Effective contract management ensures that organisations adhere to agreements, minimise risks, and capitalise on opportunities. One way to measure and improve contract management processes is through Key Performance Indicators (KPIs). This ...

Legal and procurement are two distinct fields that are integral to the smooth functioning of any organization. Legal refers to the practices and procedures that ensure compliance with laws and regulations. Procurement, on the other hand, deals with the acquisition of goods and services required by an organization to carry out its operations. While these two fields may seem distinct, ...

Leading AI-enabled Contract LifeCycle Management (CLM) software company, Volody, is pleased to announce the appointment of Craig Duffy as Vice President of Sales and Marketing. In this newly created role, Craig will lead Volody’s global sales and marketing teams and be responsible for developing and executing the company’s go-to-market strategy to take advantage of the rapidly growing momentum for Volody’s ...

Great! You are looking for a new Contract Lifecycle Management software to streamline & automate your contracting operations. However, evaluating the numerous tools can be a daunting task, especially in a crowded CLM market. Choosing the right CLM software can make implementation seamless and improve productivity while choosing the wrong one can leave a bad taste of legal tech.   ...

Blockchain technology is rapidly transforming every industry, and its potential impact has been assessed by key stakeholders in all industries. In recent years, blockchain has moved beyond its origins in cryptocurrency and is being adopted in a variety of sectors, including finance, healthcare, legal, supply chain management, and more. The technology’s decentralization and transparency make it an ideal solution for ...

Procurement is a critical function within any organization, responsible for the purchasing of goods and services from suppliers. To meet the evolving needs of organizations and to remain competitive, procurement must adopt new and innovative tools and technologies like Smart CLM to streamline processes, improve performance, and achieve organizational goals.  According to Mckinsey Research, Greater visibility into existing contracts can ...

As a Chief Financial Officer (CFO), managing contracts is a crucial part of your role. Ensuring that your company is meeting all of its contractual obligations and that contracts are renewed in a timely manner can be a daunting task, especially if you have a large volume of contracts to keep track of. CFOs are responsible to the Board of ...

Getting a new tool onboarded can be a nightmare, especially when it interferes in the sales team’s way to close more deals. Volody Smart Contract Lifecycle Management (CLM) tool integrates with popular sales management platforms such as HubSpot and Salesforce to improve the sales process and increase efficiency for sales teams. Volody’s Smart CLM tool automates many of the manual ...

Contract negotiation can be a complex and time-consuming process, but there are a few key strategies that can help ensure a successful outcome. Contracts often contain legal jargon and technical language that can be difficult for non-experts to understand, slowing the negotiation process. Additionally, contracts that involve multiple parties or stakeholders require coordination and agreement among all parties, which can ...